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Expected credit loss measurement
 6 Months Ended
Jun. 30, 2021
Disclosure Of Provision Matrix [Line Items]  
Disclosure Of Provision Matrix Explanatory
Note 7
 
Expected credit loss measurement
a) Credit loss expense
Total net
 
credit loss
 
releases were
 
USD
80
 
million in
 
the second
quarter
 
of
 
2021,
 
reflecting
 
an
 
USD
88
 
million
 
net
 
release
 
of
credit losses related to stage 1 and 2 positions and
 
USD
8
 
million
of
 
net
 
credit
 
loss
 
expenses
 
related
 
to
 
credit-impaired
 
(stage 3)
positions.
 
The
 
USD
88
 
million
 
stage 1
 
and
 
2
 
net
 
release
 
included
 
the
partial
 
release
 
of
 
a
 
post-model
 
adjustment
 
of
 
USD
91
 
million
(representing
 
one-third
 
of
 
the
 
USD
273
 
million
 
scenario-driven
model
 
output
 
effects
 
from
 
the
 
third
 
quarter
 
of
 
2020
 
to
 
the
second quarter
 
of 2021),
 
due to
 
the continued
 
positive trend
 
in
macroeconomic scenario input data.
Stage 3 net credit loss expenses were USD
8
 
million, including
USD
3
 
million
 
net
 
expenses
 
in
 
the
 
Investment
 
Bank
 
and
 
USD
5
million
 
net
 
expenses
 
in
 
Personal
 
&
 
Corporate
 
Banking,
 
across
various corporate lending positions.
Credit loss (expense) / release
USD million
Global
 
Wealth
 
Management
Personal &
 
Corporate
 
Banking
Asset
Management
Investment
 
Bank
Group
 
Functions
Total
For the quarter ended 30.6.21
Stages 1 and 2
13
51
0
24
(1)
88
Stage 3
0
(5)
0
(3)
0
(8)
Total credit loss (expense) / release
14
46
0
21
(1)
 
80
b) Changes to ECL models, scenarios, scenario weights and key inputs
Scenarios
 
The
 
expected credit
 
loss (ECL)
 
scenarios,
 
along with
 
the related
macroeconomic
 
factors,
 
were updated
 
and
 
reviewed
 
in light
 
of
the
 
economic
 
and
 
political
 
conditions prevailing
 
for
 
the
 
second
quarter of
 
2021 through
 
a series
 
of governance
 
meetings, with
input and feedback from
 
UBS risk and finance experts across
 
the
business divisions and regions.
 
Effective from the
 
second quarter
of
 
2021,
 
management
 
has
 
included
 
an
 
upside
 
scenario
 
and
 
a
mild
 
downside
 
scenario
 
in
 
the
 
ECL
 
calculation
 
similar
 
to
 
the
approach applied before the COVID-19 pandemic, as uncertainty
regarding future
 
economic developments and the
 
related effects
on
 
models
 
further
 
d
ecline
 
and
 
post
-
model
 
adjustment
 
levels
decrease.
The
 
upside
 
scenario
 
assumes
that
positive
 
developments
regarding
 
COVID-19 enable
 
economic activity
 
to
 
rebound
 
more
quickly than expected,
 
supported by significant
 
improvements in
business
 
and
 
consumer
 
activity.
 
Structural
 
changes
 
from
 
the
lockdown
 
period
 
and
 
accelerated
 
technology
 
uptake
 
increase
productivity and help
 
to keep growth
 
buoyant beyond the
 
initial
rebound
 
in
 
activity.
 
Underlying
 
macroeconomic
 
conditions
improve, and asset values increase substantially.
The
 
mild
 
downside
 
scenario
 
assumes
 
a
 
shift
 
in
 
sentiment
caused
 
by
 
higher-than-expected
 
inflation
 
and
 
the
 
Federal
Reserve’s
 
intention
 
to
 
begin
 
tapering
 
its
 
quantitative
 
easing
program.
 
Long
-
term
 
interest
rates
 
rise
 
sharply
and
equities
decline
 
as
 
market
 
volatility
 
ensues.
 
Economic
 
activity
 
slows
across the globe,
 
causing a mild recession.
The
 
baseline and
 
severe downside
 
scenarios included
 
slightly
more optimistic assumptions compared with those
 
applied in the
first
 
quarter
 
of
 
2021,
 
reflecting
 
improvements
 
in
 
economic
activity,
 
greater optimism
 
regarding the
 
availability and
 
effective
distribution
 
of
 
COVID-19
 
vaccines,
 
and
 
continued
 
government
support.
 
The
 
baseline
 
scenario
 
assumptions
 
on
 
a
 
calendar-year
basis are included in the table below.
 
Scenario weights and post-model adjustments
Management applied the following scenario weightings effective
from
 
the
 
second
 
quarter
 
of
 
2021:
 
upside
 
at
5
%,
 
baseline
 
at
55
%, mild downside
 
at
10
% and severe
 
downside at
30
%. This
compared
 
with
 
a
 
baseline
 
scenario
 
weighting
 
of
60
%
 
and
 
a
severe
 
downside scenario
 
weighting of
40
% applied
 
in the
 
first
quarter
 
of
 
2021.
 
The
 
incorporation
 
of
 
the
 
two
 
new
 
scenarios
and
 
the
 
applied
 
weightings
 
did
 
not
 
have
 
a
 
material
 
effect
 
on
allowances and provisions.
In
 
addition,
 
more
 
than
 
one
 
year
 
after
 
the
 
exceptional
circumstances
 
of
 
the
 
COVID-19 pandemic
 
began,
 
management
has
 
released
 
one-third
 
(USD
91
 
million)
 
of
 
the
 
USD
273
 
million
post-model adjustment
 
for scenario-driven
 
model output
 
effects
into
 
profit
 
or
 
loss
 
in
 
the
 
second
 
quarter
 
of
 
2021,
 
following
 
a
portfolio
 
level
 
review,
 
which
 
supported
 
partial
 
overlay
 
releases,
particularly
 
in
 
real
 
estate
 
and
 
large
 
corporate
 
segments.
 
This
decision
 
was
 
made
 
following
 
a
 
continued
 
positive
 
trend
 
in
macroeconomic
 
scenario
 
input
 
data
 
(from
 
the
 
third
 
quarter
 
of
2020
 
to
 
the
 
second
 
quarter
 
of
 
2021),
 
as
 
well
 
as
 
positive
vaccination
 
developments
 
and
 
gradual
 
lifting
 
of
 
lockdowns
 
in
many
 
economies.
 
Two-thirds
 
of
 
the
 
post-model
 
adjustment
 
for
scenario
-
driven
 
model
 
output
 
effects
 
(
USD
 
183
 
m
illion
)
 
w
as
retained,
 
given the
 
heightened level
 
of uncertainty
 
that remains
with
 
regard to
 
the ultimate
 
effects of
 
the crisis.
 
This recognizes
that new
 
challenges are
 
frequently arising
 
in the
 
context of
 
the
pandemic, for example, the spread of new variants of COVID-19,
inflationary
 
pressure
 
from
 
supply
 
chain
 
disruption
 
and
 
surging
demand, and the risk
 
of potential tail effects as
 
government and
central bank support winds down.
Baseline
Key parameters
2020
2021
2022
Real GDP growth (annual percentage change)
United States
(3.6)
6.9
5.9
Eurozone
(7.4)
4.3
5.3
Switzerland
(4.5)
3.3
3.0
Unemployment rate (%, annual average)
United States
8.1
5.4
4.4
Eurozone
8.5
8.6
8.1
Switzerland
3.2
3.3
3.1
Real estate (annual percentage change, Q4)
United States
 
3.4
6.5
2.9
Eurozone
(0.3)
2.9
1.0
Switzerland
4.0
5.0
1.0
Economic scenarios and weights applied
 
ECL scenario
Assigned weights in %
30.6.21
31.3.21
31.3.20
Upside
5.0
0.0
0.0
Baseline
55.0
60.0
70.0
Mild downside
10.0
0.0
0.0
Severe downside
 
30.0
40.0
30.0
c) ECL-relevant balance sheet and off-balance sheet positions including ECL allowances and provisions
The
 
tables
below
 
and
on
 
the
 
following
 
pages
 
provide
information
 
about
 
financial
 
instruments
 
and
 
certain
 
non-
financial
 
instruments
 
that
 
are
 
subject
 
to
 
ECL
 
requirements.
 
For
amortized-cost instruments,
 
the carrying
 
amount represents
 
the
maximum
 
exposure
 
to
 
credit
 
risk,
 
taking
 
into
 
account
 
the
allowance
 
for
 
credit
 
losses.
 
Financial
 
assets
 
measured
 
at
 
fair
value
 
through
 
other
 
comprehensive
 
income
 
(FVOCI)
 
are
 
also
subject to
 
ECL; however,
 
unlike amortized-cost
 
instruments, the
allowance
 
for
 
credit
 
losses
 
for
 
FVOCI
 
instruments
 
does
 
not
reduce
 
the
 
carrying
 
amount
 
of
 
these
 
financial
 
assets.
 
Instead,
the
 
carrying
 
amount
 
of
 
financial
 
assets
 
measured
 
at
 
FVOCI
represents the maximum exposure to credit risk.
In
 
addition
 
to
 
on-balance
 
sheet
 
financial
 
assets,
 
certain
 
off-
balance sheet
 
and other
 
credit lines are
 
also subject
 
to ECL. The
maximum exposure
 
to
 
credit risk
 
for
 
off-balance
 
sheet financial
instruments
 
is
 
calculated
 
based
 
on
 
the
 
maximum
 
contractual
amounts.
USD million
30.6.21
Carrying amount¹ / Total exposure
ECL allowances / provisions
Financial instruments measured at amortized cost
Total
Stage 1
Stage 2
Stage 3
Total
Stage 1
Stage 2
Stage 3
Cash and balances at central banks
160,672
160,672
0
0
0
0
0
0
Loans and advances to banks
16,500
16,457
42
0
(8)
(6)
(1)
(1)
Receivables from securities financing transactions
83,494
83,494
0
0
(3)
(3)
0
0
Cash collateral receivables on derivative instruments
29,785
29,785
0
0
0
0
0
0
Loans and advances to customers
390,126
369,810
18,403
1,913
(950)
(124)
(156)
(670)
of which: Private clients with mortgages
147,827
137,851
9,140
836
(139)
(26)
(76)
(37)
of which: Real estate financing
42,627
37,950
4,663
14
(49)
(17)
(32)
0
of which: Large corporate clients
14,294
12,671
1,229
395
(246)
(20)
(19)
(207)
of which: SME clients
14,116
11,753
1,814
549
(291)
(20)
(19)
(253)
of which: Lombard
146,167
146,135
0
32
(35)
(6)
0
(29)
of which: Credit cards
1,611
1,255
327
28
(34)
(9)
(9)
(16)
of which: Commodity trade finance
3,399
3,345
38
16
(103)
(5)
0
(98)
Other financial assets measured at amortized cost
27,143
26,398
436
309
(124)
(30)
(9)
(86)
of which: Loans to financial advisors
2,415
1,924
197
295
(103)
(23)
(6)
(74)
Total financial assets measured at amortized cost
707,720
686,616
18,882
2,222
(1,085)
(163)
(166)
(757)
Financial assets measured at fair value through other comprehensive income
7,775
7,775
0
0
0
0
0
0
Total on-balance sheet financial assets in scope of ECL requirements
715,496
694,392
18,882
2,222
(1,085)
(163)
(166)
(757)
Off-balance sheet (in scope of ECL)
Guarantees
17,457
15,719
1,580
158
(52)
(15)
(9)
(27)
of which: Large corporate clients
3,142
1,995
1,035
112
(13)
(3)
(3)
(7)
of which: SME clients
1,269
1,002
222
46
(13)
(1)
(1)
(12)
of which: Financial intermediaries and hedge funds
 
7,465
7,257
208
0
(16)
(10)
(5)
0
of which: Lombard
2,166
2,166
0
0
(1)
0
0
(1)
of which: Commodity trade finance
2,372
2,342
30
0
(2)
(1)
0
(1)
Irrevocable loan commitments
37,751
34,505
3,064
181
(118)
(69)
(49)
0
of which: Large corporate clients
22,464
19,621
2,718
125
(103)
(61)
(42)
0
Forward starting reverse repurchase and securities borrowing agreements
8,253
8,253
0
0
0
0
0
0
Committed unconditionally revocable credit lines
38,796
35,201
3,526
68
(36)
(28)
(8)
0
of which: Real estate financing
6,542
6,135
407
0
(5)
(4)
(1)
0
of which: Large corporate clients
4,383
2,924
1,434
25
(7)
(4)
(3)
0
of which: SME clients
5,173
4,498
643
32
(14)
(12)
(2)
0
of which: Lombard
8,632
8,632
0
0
0
0
0
0
of which: Credit cards
9,298
8,825
464
9
(6)
(5)
(2)
0
of which: Commodity trade finance
251
251
0
0
0
0
0
0
Irrevocable committed prolongation of existing loans
5,281
5,260
20
1
(3)
(2)
(1)
0
Total off-balance sheet financial instruments and other credit lines
107,537
98,938
8,191
408
(209)
(114)
(67)
(27)
Total allowances and provisions
(1,294)
(277)
(233)
(784)
1 The carrying amount of financial assets measured at amortized cost represents the total gross exposure net of the respective ECL
 
allowances.
USD million
31.3.21
Carrying amount¹ / Total exposure
ECL allowances / provisions
Financial instruments measured at amortized cost
Total
Stage 1
Stage 2
Stage 3
Total
Stage 1
Stage 2
Stage 3
Cash and balances at central banks
158,914
158,914
0
0
0
0
0
0
Loans and advances to banks
18,448
18,387
61
0
(12)
(8)
(3)
(1)
Receivables from securities financing transactions
82,384
82,385
0
0
(3)
(3)
0
0
Cash collateral receivables on derivative instruments
35,046
35,046
0
0
0
0
0
0
Loans and advances to customers
376,798
355,787
18,995
2,016
(993)
(138)
(184)
(671)
of which: Private clients with mortgages
142,611
132,636
9,118
857
(158)
(37)
(86)
(35)
of which: Real estate financing
41,092
36,099
4,979
15
(56)
(15)
(41)
0
of which: Large corporate clients
13,305
11,155
1,673
477
(271)
(28)
(28)
(216)
of which: SME clients
14,034
11,620
1,886
527
(283)
(19)
(19)
(246)
of which: Lombard
141,139
141,112
0
27
(34)
(5)
0
(30)
of which: Credit cards
1,392
1,063
301
28
(33)
(9)
(8)
(16)
of which: Commodity trade finance
3,695
3,663
16
15
(101)
(5)
0
(96)
Other financial assets measured at amortized cost
26,770
26,036
314
420
(125)
(32)
(7)
(86)
of which: Loans to financial advisors
2,473
1,961
107
405
(104)
(26)
(4)
(75)
Total financial assets measured at amortized cost
698,361
676,554
19,371
2,436
(1,133)
(180)
(195)
(758)
Financial assets measured at fair value through other comprehensive income
8,100
8,100
0
0
0
0
0
0
Total on-balance sheet financial assets in scope of ECL requirements
706,460
684,654
19,371
2,436
(1,133)
(180)
(195)
(758)
Off-balance sheet (in scope of ECL)
Guarantees
17,493
15,377
1,952
164
(59)
(15)
(15)
(29)
of which: Large corporate clients
3,425
2,025
1,281
119
(17)
(3)
(5)
(9)
of which: SME clients
1,243
936
262
45
(12)
0
(1)
(11)
of which: Financial intermediaries and hedge funds
 
7,579
7,304
275
0
(18)
(9)
(9)
0
of which: Lombard
2,136
2,136
0
0
(2)
0
0
(1)
of which: Commodity trade finance
2,057
2,031
26
0
(4)
(1)
0
(3)
Irrevocable loan commitments
38,137
34,312
3,730
95
(138)
(75)
(63)
0
of which: Large corporate clients
22,943
19,600
3,278
65
(121)
(68)
(54)
0
Forward starting reverse repurchase and securities borrowing agreements
5,988
5,988
0
0
0
0
0
0
Committed unconditionally revocable credit lines
39,424
35,311
4,023
89
(45)
(27)
(18)
0
of which: Real estate financing
7,227
6,786
432
9
(11)
(5)
(6)
0
of which: Large corporate clients
4,429
2,713
1,690
25
(9)
(3)
(6)
0
of which: SME clients
5,036
4,120
878
39
(14)
(11)
(3)
0
of which: Lombard
8,566
8,566
0
0
(1)
(1)
0
0
of which: Credit cards
9,175
8,695
469
11
(6)
(5)
(1)
0
of which: Commodity trade finance
322
322
0
0
0
0
0
0
Irrevocable committed prolongation of existing loans
5,824
5,785
34
5
(3)
(3)
0
0
Total off-balance sheet financial instruments and other credit lines
106,865
96,773
9,738
354
(245)
(121)
(95)
(29)
Total allowances and provisions
(1,378)
(301)
(290)
(787)
1 The carrying amount of financial assets measured at amortized cost represents the total gross exposure net of the respective ECL
 
allowances.
USD million
31.12.20
Carrying amount¹ / Total exposure
ECL allowances / provisions
Financial instruments measured at amortized cost
Total
Stage 1
Stage 2
Stage 3
Total
Stage 1
Stage 2
Stage 3
Cash and balances at central banks
158,231
158,231
0
0
0
0
0
0
Loans and advances to banks
15,444
15,260
184
0
(16)
(9)
(5)
(1)
Receivables from securities financing transactions
74,210
74,210
0
0
(2)
(2)
0
0
Cash collateral receivables on derivative instruments
32,737
32,737
0
0
0
0
0
0
Loans and advances to customers
379,528
356,948
20,341
2,240
(1,060)
(142)
(215)
(703)
of which: Private clients with mortgages
148,175
138,769
8,448
959
(166)
(35)
(93)
(39)
of which: Real estate financing
43,429
37,568
5,838
23
(63)
(15)
(44)
(4)
of which: Large corporate clients
15,161
12,658
2,029
474
(279)
(27)
(40)
(212)
of which: SME clients
14,872
11,990
2,254
628
(310)
(19)
(23)
(268)
of which: Lombard
133,850
133,795
0
55
(36)
(5)
0
(31)
of which: Credit cards
1,558
1,198
330
30
(38)
(11)
(11)
(16)
of which: Commodity trade finance
3,269
3,214
43
12
(106)
(5)
0
(101)
Other financial assets measured at amortized cost
27,194
26,377
348
469
(133)
(34)
(9)
(90)
of which: Loans to financial advisors
2,569
1,982
137
450
(108)
(27)
(5)
(76)
Total financial assets measured at amortized cost
687,345
663,763
20,873
2,709
(1,211)
(187)
(229)
(795)
Financial assets measured at fair value through other comprehensive income
8,258
8,258
0
0
0
0
0
0
Total on-balance sheet financial assets in scope of ECL requirements
695,603
672,021
20,873
2,709
(1,211)
(187)
(229)
(795)
Off-balance sheet (in scope of ECL)
Guarantees
17,081
14,687
2,225
170
(63)
(14)
(15)
(34)
of which: Large corporate clients
3,710
2,048
1,549
113
(20)
(4)
(5)
(12)
of which: SME clients
1,310
936
326
48
(13)
(1)
(1)
(11)
of which: Financial intermediaries and hedge funds
 
7,637
7,413
224
0
(17)
(7)
(9)
0
of which: Lombard
641
633
0
8
(2)
0
0
(2)
of which: Commodity trade finance
1,441
1,416
25
0
(2)
(1)
0
0
Irrevocable loan commitments
41,372
36,894
4,374
104
(142)
(74)
(68)
0
of which: Large corporate clients
24,209
20,195
3,950
64
(121)
(63)
(58)
0
Forward starting reverse repurchase and securities borrowing agreements
3,247
3,247
0
0
0
0
0
0
Committed unconditionally revocable credit lines
40,134
35,233
4,792
108
(50)
(29)
(21)
0
of which: Real estate financing
6,328
5,811
517
0
(12)
(5)
(7)
0
of which: Large corporate clients
4,909
2,783
2,099
27
(9)
(2)
(7)
0
of which: SME clients
5,827
4,596
1,169
63
(16)
(12)
(4)
0
of which: Lombard
9,671
9,671
0
0
0
(1)
0
0
of which: Credit cards
8,661
8,220
430
11
(8)
(6)
(2)
0
of which: Commodity trade finance
242
242
0
0
0
0
0
0
Irrevocable committed prolongation of existing loans
3,282
3,277
5
0
(2)
(2)
0
0
Total off-balance sheet financial instruments and other credit lines
105,116
93,337
11,396
382
(257)
(119)
(104)
(34)
Total allowances and provisions
(1,468)
(306)
(333)
(829)
1 The carrying amount of financial assets measured at amortized cost represents the total gross exposure net of the respective
 
ECL allowances.
The
 
table
 
below
 
provides
 
information
 
about
 
the
 
ECL
 
gross
exposure and the
 
ECL coverage ratio for
 
our core loan
 
portfolios
(i.e.,
Loans
 
and
 
advances
 
to
 
customers
and
 
Loans
 
to
 
financial
advisors
)
 
and
 
relevant
 
off-balance
 
sheet
 
exposures.
Cash
 
and
balances
 
at
 
central
 
banks
,
Loans
 
and
 
advances
 
to
 
banks
,
Receivables from securities financing transactions
,
Cash collateral
receivables
 
on
 
derivative
 
instruments
 
and
Financial
 
assets
measured at fair
 
value through other
 
comprehensive income
 
are
not included
 
in the
 
table below,
 
due to
 
their lower
 
sensitivity to
ECL.
ECL
 
coverage
 
ratios are
 
calculated by
 
taking ECL
 
allowances
and
 
provisions
 
divided
 
by
 
the
 
gross
 
carrying
 
amount
 
of
 
the
exposures
Coverage ratios for core loan portfolio
30.6.21
Gross carrying amount (USD million)
ECL coverage (bps)
On-balance sheet
Total
Stage 1
Stage 2
Stage 3
Total
Stage 1
Stage 2
Stage 3
Private clients with mortgages
147,966
137,877
9,216
874
9
2
82
427
Real estate financing
42,677
37,967
4,696
14
12
4
69
101
Large corporate clients
14,540
12,691
1,247
602
169
16
151
3,446
SME clients
14,407
11,772
1,833
802
202
17
102
3,152
Lombard
146,202
146,141
0
61
2
0
0
4,698
Credit cards
1,644
1,264
336
44
205
72
261
3,608
Commodity trade finance
3,503
3,350
38
114
295
15
2
8,605
Other loans and advances to customers
20,137
18,871
1,193
73
26
11
13
4,051
Loans to financial advisors
2,518
1,946
202
369
408
116
290
2,016
Total
1
393,594
371,880
18,762
2,952
27
4
86
2,521
Gross exposure (USD million)
ECL coverage (bps)
Off-balance sheet
 
Total
Stage 1
Stage 2
Stage 3
Total
Stage 1
Stage 2
Stage 3
Private clients with mortgages
8,063
7,809
251
3
4
4
7
349
Real estate financing
8,048
7,596
452
0
9
7
49
0
Large corporate clients
29,990
24,540
5,187
262
41
27
91
278
SME clients
8,273
7,099
1,040
134
43
20
91
878
Lombard
14,736
14,735
0
0
1
0
0
0
Credit cards
9,298
8,825
464
9
7
5
33
0
Commodity trade finance
2,623
2,593
30
0
8
5
50
0
Financial intermediaries and hedge funds
10,576
10,110
466
0
17
12
120
0
Other off-balance sheet commitments
7,678
7,377
301
0
17
8
21
0
Total
2
99,284
90,685
8,191
408
21
13
82
671
1 Includes Loans and advances
 
to customers of USD
391,076
 
million and Loans to
 
financial advisors of
 
USD
2,518
 
million, which are presented
 
on the balance sheet
 
line Other assets measured
 
at amortized cost.
 
2 Excludes Forward starting reverse repurchase and securities borrowing agreements.
Coverage ratios for core loan portfolio
31.3.21
Gross carrying amount (USD million)
ECL coverage (bps)
On-balance sheet
Total
Stage 1
Stage 2
Stage 3
Total
Stage 1
Stage 2
Stage 3
Private clients with mortgages
142,770
132,673
9,204
893
11
3
93
396
Real estate financing
41,148
36,113
5,020
15
14
4
81
78
Large corporate clients
13,577
11,184
1,701
692
200
25
162
3,114
SME clients
14,317
11,639
1,905
773
198
16
98
3,179
Lombard
141,173
141,117
0
56
2
0
0
5,260
Credit cards
1,425
1,073
309
44
233
88
266
3,555
Commodity trade finance
3,796
3,668
16
111
267
14
2
8,620
Other loans and advances to customers
19,585
18,458
1,024
103
28
11
26
3,211
Loans to financial advisors
2,578
1,987
111
480
405
131
337
1,558
Total
1
380,369
357,911
19,290
3,167
29
5
97
2,355
Gross exposure (USD million)
ECL coverage (bps)
Off-balance sheet
 
Total
Stage 1
Stage 2
Stage 3
Total
Stage 1
Stage 2
Stage 3
Private clients with mortgages
7,455
7,226
217
13
6
5
16
111
Real estate financing
8,513
8,049
455
9
17
7
192
53
Large corporate clients
30,796
24,339
6,249
209
48
31
102
422
SME clients
8,101
6,626
1,367
108
41
20
70
973
Lombard
14,603
14,603
0
0
2
1
0
0
Credit cards
9,175
8,695
469
11
7
6
30
0
Commodity trade finance
2,379
2,352
26
0
18
5
28
0
Financial intermediaries and hedge funds
11,090
10,468
622
0
19
10
169
0
Other off-balance sheet commitments
8,764
8,428
332
4
14
7
23
0
Total
2
100,877
90,785
9,738
354
24
13
98
831
1 Includes Loans and advances
 
to customers of USD
377,791
 
million and Loans to
 
financial advisors of USD
2,578
 
million, which are presented
 
on the balance sheet
 
line Other assets measured
 
at amortized cost.
 
2 Excludes Forward starting reverse repurchase and securities borrowing agreements.
Coverage ratios for core loan portfolio
31.12.20
Gross carrying amount (USD million)
ECL coverage (bps)
On-balance sheet
Total
Stage 1
Stage 2
Stage 3
Total
Stage 1
Stage 2
Stage 3
Private clients with mortgages
148,341
138,803
8,540
998
11
2
108
390
Real estate financing
43,492
37,583
5,883
27
15
4
75
1,414
Large corporate clients
15,440
12,684
2,069
686
181
21
192
3,089
SME clients
15,183
12,010
2,277
896
204
16
101
2,991
Lombard
133,886
133,800
0
86
3
0
0
3,592
Credit cards
1,596
1,209
342
46
240
91
333
3,488
Commodity trade finance
3,375
3,219
43
113
315
16
2
8,939
Other loans and advances to customers
19,274
17,781
1,402
91
31
14
25
3,563
Loans to financial advisors
2,677
2,009
142
526
404
135
351
1,446
Total
1
383,266
359,099
20,697
3,470
30
5
106
2,247
Gross exposure (USD million)
ECL coverage (bps)
Off-balance sheet
 
Total
Stage 1
Stage 2
Stage 3
Total
Stage 1
Stage 2
Stage 3
Private clients with mortgages
6,285
6,083
198
3
7
6
16
197
Real estate financing
7,056
6,576
481
0
21
9
185
0
Large corporate clients
32,828
25,026
7,598
205
46
27
92
565
SME clients
9,121
7,239
1,734
148
40
19
63
779
Lombard
14,178
14,170
0
8
2
1
0
1,941
Credit cards
8,661
8,220
430
11
9
8
44
0
Commodity trade finance
1,683
1,658
25
0
10
8
15
0
Financial intermediaries and hedge funds
7,690
7,242
448
0
26
13
248
166
Other off-balance sheet commitments
14,366
13,876
482
8
13
7
11
0
Total
2
101,869
90,090
11,396
382
25
13
91
894
1 Includes Loans and advances
 
to customers of USD
380,589
 
million and Loans to
 
financial advisors of USD
2,677
 
million, which are presented
 
on the balance sheet
 
line Other assets measured
 
at amortized cost.
 
2 Excludes Forward starting reverse repurchase and securities borrowing agreements.