Segment reporting

6 Months Ended

Jun. 30, 2022

Entity [Table]

Disclosure Of Entitys Reportable Segments Explanatory

Note 2 Segment reporting

USD m

Global Wealth

Management

Personal &

Corporate

Banking

Asset 

Management

Investment

Bank

Group

Functions

UBS

For the six months ended 30 June 2022

1

Net interest income

2,409

1,057

(7)

104

(126)

3,436

Non-interest income

7,172

1,088

1,958

4,899

(253)

14,862

Total revenues

9,581

2,144

1,950

5,003

(379)

18,299

Credit loss expense / (release)

(10)

57

0

(24)

2

25

Operating expenses

7,124

1,246

817

3,688

54

12,929

Operating profit / (loss) before tax

2,467

841

1,133

1,339

(436)

5,344

Tax expense / (benefit)

1,082

Net profit / (loss)

4,262

As of 30 June 2022

1

Total assets

2

397,111

222,424

18,621

388,281

86,755

1,113,193

For the six months ended 30 June 2021

1

Net interest income

2,023

1,039

(7)

244

(58)

3,241

Non-interest income

7,583

1,063

1,310

4,476

(99)

14,333

Total revenues

9,606

2,102

1,303

4,720

(158)

17,574

Credit loss expense / (release)

(16)

(69)

0

(23)

1

(108)

Operating expenses

6,918

1,284

820

3,663

105

12,790

Operating profit / (loss) before tax

2,704

888

482

1,080

(263)

4,891

Tax expense / (benefit)

1,053

Net profit / (loss)

3,838

As of 31 December 2021

1

Total assets

395,235

225,370

25,639

346,431

124,507

1,117,182

1 Refer to “Note 2 Segment reporting” in the “Consolidated financial statements” section of the Annual Report 2021 for more information about the Group’s reporting segments. 2 In the first quarter of 2022,

UBS refined t he methodology applied to allocate balance sheet resources from Group Functions to the business divisions, with prospective e ffect. If the new methodology had been applied as of 31 December

2021, balance sheet assets allocated to business divisions would have been USD

17

bn higher, of which USD

14

bn would have related to the Investment Bank.