Net fee and commission income

12 Months Ended

Dec. 31, 2021

Entity [Table]

Disclosure Of Fee And Commission Income Expense Explanatory

Note 4 Net fee and commission income

For the year ended

USD million

31.12.21

31.12.20

31.12.19

Fee and commission income

Underwriting fees

1,463

1,085

741

M&A and corporate finance fees

1,102

736

774

Brokerage fees

4,382

4,132

3,248

Investment fund fees

5,790

5,289

4,858

Portfolio management and related services

9,762

8,009

7,656

Other

1,874

1,710

1,832

Total fee and commission income

1

24,372

20,961

19,110

of which: recurring

15,410

13,009

12,544

of which: transaction-based

8,692

7,491

6,402

of which: performance-based

269

461

163

Fee and commission expense

Brokerage fees paid

259

274

310

Distribution fees paid

611

589

590

Other

1,115

912

797

Total fee and commission expense

1,985

1,775

1,696

Net fee and commission income

22,387

19,186

17,413

of which: net brokerage fees

4,123

3,858

2,938

1 For the year ended 31 December 2021, reflects third-party fee and commission income of USD

14,545

 million for Global Wealth Management, USD

1,644

 million for Personal & Corporate Banking, USD

3,337

million for Asset Management, USD

4,814

 million for the Investment Bank and USD

33

 million for Group Functions (for the year ended 31 December 2020: USD

12,475

 million for Global Wealth Management,

USD

1,426

 million for Personal & Corporate Banking, USD

3,129

 million for Asset Management, USD

3,882

 million for the Investment Bank and USD

49

 million for Group Functions; for the year ended 31 December

2019: USD

11,694

 million for Global Wealth Management, USD

1,307

 million for Personal & Corporate Banking, USD

2,659

 million for Asset Management, USD

3,355

 million for the Investment Bank and USD

94

million for Group Functions).

UBS AG

Entity [Table]

Disclosure Of Fee And Commission Income Expense Explanatory

Note 4 Net fee and commission income

For the year ended

USD million

31.12.21

31.12.20

31.12.19

Fee and commission income

Underwriting fees

1,512

1,104

784

M&A and corporate finance fees

1,102

736

774

Brokerage fees

4,383

4,132

3,248

Investment fund fees

5,790

5,289

4,859

Portfolio management and related services

9,762

8,009

7,656

Other

1,874

1,712

1,836

Total fee and commission income

1

24,422

20,982

19,156

of which: recurring

15,410

13,010

12,545

of which: transaction-based

8,743

7,512

6,449

of which: performance-based

269

461

163

Fee and commission expense

Brokerage fees paid

259

274

310

Distribution fees paid

611

589

590

Other

1,115

911

796

Total fee and commission expense

1,985

1,775

1,696

Net fee and commission income

22,438

19,207

17,460

of which: net brokerage fees

4,124

3,858

2,938

1 For the year ended 31 December 2021, reflects third-party fee and commission income of USD

14,545

 million for Global Wealth Management, USD

1,645

 million for Personal & Corporate Banking, USD

3,337

million for Asset Management, USD

4,863

 million for the Investment Bank and USD

33

 million for Group Functions (for the year ended 31 December 2020: USD

12,475

 million for Global Wealth Management, USD

1,427

 million for Personal & Corporate Banking, USD

3,129

 million for Asset Management, USD

3,901

 million for the Investment Bank and USD

50

 million for Group Functions; for the year ended 31 December 2019:

USD

11,694

 million for Global Wealth Management, USD

1,307

 million for Personal & Corporate Banking, USD

2,659

 million for Asset Management, USD

3,397

 million for the Investment Bank and USD

98

 million

for Group Functions).