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Financial assets at amortized cost and other positions in scope of expected credit loss measurement
 12 Months Ended
Dec. 31, 2022
Entity [Table]  
Disclosure Of Provision Matrix Explanatory
Balance sheet notes
Note 9
 
Financial assets at amortized
 
cost and other positions in scope of expected
 
credit loss measurement
The tables
 
below
 
provide
 
information about
 
financial instruments
 
and
 
certain credit
 
lines that
 
are subject
 
to expected
credit loss
 
(ECL) requirements
 
.
 
UBS’s ECL
 
disclosure
 
segments,
 
or “ECL
 
segments”
 
are aggregated
 
portfolios based
 
on
shared
 
risk characteristics
 
and
 
on
 
the same
 
or similar
 
rating
 
methods
 
applied.
 
The key
 
segments are
 
presented
 
in the
table below.
›
 
Refer to Note 19
 
for more information
 
about expected
 
credit loss measurement
 
Segment
Segment description
Description of credit risk sensitivity
Business division
 
Private clients with
mortgages
Lending to private clients secured
 
by
owner-occupied real estate
 
and
personal account overdrafts
 
of those
clients
Sensitive to the interest rate
 
environment,
unemployment levels, real estate
 
collateral
values and other regional
 
aspects
 
–
 
Personal & Corporate Banking
–
 
Global Wealth Management
Real estate financing
Rental or income-producing
 
real estate
financing to private and corporate
clients secured by real
 
estate
Sensitive to unemployment
 
levels, the
interest rate environment,
 
real estate
collateral values and other regional
aspects
 
–
 
Personal & Corporate Banking
–
 
Global Wealth Management
–
 
Investment Bank
Large corporate clients
Lending to large corporate and multi-
national clients
Sensitive to GDP developments,
unemployment levels, seasonalit
 
y,
business cycles and collateral
 
values
(diverse collateral,
 
including real estate
and other collateral types)
–
 
Personal & Corporate Banking
–
 
Investment Bank
SME clients
Lending to small and medium
 
-sized
corporate clients
Sensitive to GDP developments,
unemployment levels, the interest
 
rate
environment and,
 
to some extent,
seasonality,
 
business cycles and collateral
values (diverse collateral,
 
including real
estate and other collateral types)
–
 
Personal & Corporate Banking
Lombard
Loans secured by pledges
 
of marketable
securities, guarantees and
 
other forms
of collateral (including concentration
 
in
hedge funds, private equity and unlisted
equities), as well as unsecured
 
recourse
lending
Sensitive to equity and debt market
 
s
 
(e.g.,
changes in collateral values)
–
 
Global Wealth Management
Credit cards
Credit card solutions in
 
Switzerland and
the US
Sensitive to unemployment levels
–
 
Personal & Corporate Banking
–
 
Global Wealth Management
Commodity trade
finance
Working capital financing of
 
commodity
traders, generally extended on a
 
self-
liquidating transactional basis
Sensitive primarily to
 
the strength of
individual transaction structures
 
and
collateral values (price volatility
 
of
commodities),
 
as the primary source for
debt service is directly linked
 
to the
shipments financed
–
 
Personal & Corporate Banking
Financial intermediaries
and hedge funds
Lending to financial institutions
 
and
pension funds, including exposures
 
to
broker-dealers and clearing houses
Sensitive to GDP development, the
interest rate environment, price
 
and
volatility risks in financial markets,
 
and
regulatory and political
 
risk
–
 
Personal & Corporate Banking
–
 
Investment Bank
›
 
Refer to Note 19f
 
for more details
 
regarding sensitivity
The tables
 
below
 
provide
 
ECL exposure
 
and ECL
 
allowance and
 
provision
 
information
 
about financial
 
instruments and
certain non-financial instruments that are
 
subject to ECLs.
USD m
31.12.22
Carrying amount
1
ECL allowances
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
169,445
169,402
44
0
(12)
0
(12)
0
Loans and advances to banks
14,792
14,792
1
0
(6)
(5)
(1)
0
Receivables from securities financing transactions
 
measured at amortized cost
67,814
67,814
0
0
(2)
(2)
0
0
Cash collateral receivables on derivative
 
instruments
35,032
35,032
0
0
0
0
0
0
Loans and advances to customers
387,220
370,095
15,587
1,538
(783)
(129)
(180)
(474)
of which: Private clients with mortgages
156,930
147,651
8,579
699
(161)
(27)
(107)
(28)
of which: Real estate financing
46,470
43,112
3,349
9
(41)
(17)
(23)
0
of which: Large corporate clients
12,226
10,733
1,189
303
(130)
(24)
(14)
(92)
of which: SME clients
13,903
12,211
1,342
351
(251)
(26)
(22)
(203)
of which: Lombard
132,287
132,196
0
91
(26)
(9)
0
(17)
of which: Credit cards
1,834
1,420
382
31
(36)
(7)
(10)
(19)
of which: Commodity trade finance
3,272
3,261
0
11
(96)
(6)
0
(90)
Other financial assets measured at amortized cost
53,264
52,704
413
147
(86)
(17)
(6)
(63)
of which: Loans to financial advisors
2,611
2,357
128
126
(59)
(7)
(2)
(51)
Total financial assets
 
measured at amortized cost
727,568
709,839
16,044
1,685
(889)
(154)
(199)
(537)
Financial assets measured at
 
fair value through other comprehensive
 
income
2,239
2,239
0
0
0
0
0
0
Total on-balance
 
sheet financial assets within the scope of
 
ECL requirements
729,807
712,078
16,044
1,685
(889)
(154)
(199)
(537)
Total exposure
ECL provisions
Off-balance sheet (within the scope
 
of ECL)
Total
Stage 1
Stage 2
Stage 3
Total
Stage 1
Stage 2
Stage 3
Guarantees
22,167
19,805
2,254
108
(48)
(13)
(9)
(26)
of which: Large corporate clients
3,663
2,883
721
58
(26)
(2)
(3)
(21)
of which: SME clients
1,337
1,124
164
49
(5)
(1)
(1)
(3)
of which: Financial intermediaries and hedge funds
 
11,833
10,513
1,320
0
(12)
(8)
(4)
0
of which: Lombard
2,376
2,376
0
1
(1)
0
0
(1)
of which: Commodity trade finance
2,121
2,121
0
0
(1)
(1)
0
0
Irrevocable loan commitments
39,996
37,531
2,341
124
(111)
(59)
(52)
0
of which: Large corporate clients
23,611
21,488
2,024
99
(93)
(49)
(45)
0
Forward starting reverse repurchase
 
and securities borrowing agreements
3,801
3,801
0
0
0
0
0
0
Committed unconditionally revocable credit lines
41,390
39,521
1,833
36
(40)
(32)
(8)
0
of which: Real estate financing
8,711
8,528
183
0
(6)
(6)
0
0
of which: Large corporate clients
4,578
4,304
268
5
(4)
(1)
(2)
0
of which: SME clients
4,723
4,442
256
26
(19)
(16)
(3)
0
of which: Lombard
7,855
7,854
0
1
0
0
0
0
of which: Credit cards
9,390
8,900
487
3
(7)
(5)
(2)
0
of which: Commodity trade finance
327
327
0
0
0
0
0
0
Irrevocable committed prolongation of existing loans
4,696
4,600
94
2
(2)
(2)
0
0
Total off-balance sheet
 
financial instruments and credit lines
112,050
105,258
6,522
270
(201)
(106)
(69)
(26)
Total allowances and
 
provisions
(1,091)
(259)
(267)
(564)
1 The carrying amount
 
of financial assets measured
 
at amortized cost represents
 
the total gross exposure
 
net of the respective ECL
 
allowances.
USD m
31.12.21
Carrying amount
1
ECL allowances
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
192,817
192,817
0
0
0
0
0
0
Loans and advances to banks
15,480
15,453
26
1
(8)
(7)
(1)
0
Receivables from securities financing transactions
 
measured at amortized cost
75,012
75,012
0
0
(2)
(2)
0
0
Cash collateral receivables on derivative
 
instruments
30,514
30,514
0
0
0
0
0
0
Loans and advances to customers
397,761
380,564
15,620
1,577
(850)
(126)
(152)
(572)
of which: Private clients with mortgages
152,479
143,505
8,262
711
(132)
(28)
(71)
(33)
of which: Real estate financing
43,945
40,463
3,472
9
(60)
(19)
(40)
0
of which: Large corporate clients
13,990
12,643
1,037
310
(170)
(22)
(16)
(133)
of which: SME clients
14,004
12,076
1,492
436
(259)
(19)
(15)
(225)
of which: Lombard
149,283
149,255
0
27
(33)
(6)
0
(28)
of which: Credit cards
1,716
1,345
342
29
(36)
(10)
(9)
(17)
of which: Commodity trade finance
3,813
3,799
7
7
(114)
(6)
0
(108)
Other financial assets measured at amortized cost
26,209
25,718
302
189
(109)
(27)
(7)
(76)
of which: Loans to financial advisors
2,453
2,184
106
163
(86)
(19)
(3)
(63)
Total financial assets
 
measured at amortized cost
737,794
720,079
15,948
1,767
(969)
(161)
(160)
(647)
Financial assets measured at
 
fair value through other comprehensive
 
income
8,844
8,844
0
0
0
0
0
0
Total on-balance
 
sheet financial assets within the scope of
 
ECL requirements
746,638
728,923
15,948
1,767
(969)
(161)
(160)
(647)
Total exposure
ECL provisions
Off-balance sheet (within the scope
 
of ECL)
Total
Stage 1
Stage 2
Stage 3
Total
Stage 1
Stage 2
Stage 3
Guarantees
20,972
19,695
1,127
150
(41)
(18)
(8)
(15)
of which: Large corporate clients
3,464
2,567
793
104
(6)
(3)
(3)
0
of which: SME clients
1,353
1,143
164
46
(8)
(1)
(1)
(7)
of which: Financial intermediaries and hedge funds
 
9,575
9,491
84
0
(17)
(13)
(4)
0
of which: Lombard
2,454
2,454
0
0
(1)
0
0
(1)
of which: Commodity trade finance
3,137
3,137
0
0
(1)
(1)
0
0
Irrevocable loan commitments
39,478
37,097
2,335
46
(114)
(72)
(42)
0
of which: Large corporate clients
23,922
21,811
2,102
9
(100)
(66)
(34)
0
Forward starting reverse repurchase
 
and securities borrowing agreements
1,444
1,444
0
0
0
0
0
0
Committed unconditionally revocable credit lines
40,778
38,207
2,508
63
(38)
(28)
(10)
0
of which: Real estate financing
7,328
7,046
281
0
(5)
(4)
(1)
0
of which: Large corporate clients
5,358
4,599
736
23
(7)
(4)
(3)
0
of which: SME clients
5,160
4,736
389
35
(15)
(11)
(3)
0
of which: Lombard
8,670
8,670
0
0
0
0
0
0
of which: Credit cards
9,466
9,000
462
4
(6)
(5)
(2)
0
of which: Commodity trade finance
117
117
0
0
0
0
0
0
Irrevocable committed prolongation of existing loans
5,611
5,527
36
48
(3)
(3)
0
0
Total off-balance sheet
 
financial instruments and credit lines
108,284
101,971
6,006
307
(196)
(121)
(60)
(15)
Total allowances and
 
provisions
(1,165)
(282)
(220)
(662)
1 The carrying amount
 
of financial assets measured
 
at amortized cost represents
 
the total gross exposure
 
net of the respective ECL
 
allowances.
Coverage ratios are
 
calculated for the
 
core loan
 
portfolio by taking
 
ECL allowances
 
and provisions
 
divided by
 
the gross
carrying amount
 
of the
 
exposures.
 
Core loan
 
exposure is
 
defined as
 
the sum
 
of
Loans and
 
advances to
 
customers
 
and
Loans to financial advisors
.
 
These ratios are influenced by the following
 
key factors:
 
–
 
Lombard loans are generally secured with marketable securities in
 
portfolios that are, as a rule, highly diversified,
 
with
strict lending policies that are intended
 
to ensure that credit risk is minimal
 
under most circumstances;
 
–
 
mortgage loans
 
to private
 
clients and real
 
estate financing
 
are controlled
 
by conservative
 
eligibility criteria,
 
including
low loan-to-value ratios
 
and strong debt service capabilit
 
ies;
–
 
the amount of unsecured
 
retail lending (including credit cards) is insignificant;
 
–
 
lending in Switzerland includes government
 
-backed COVID-19 loans;
–
 
contractual
 
maturities
 
in
 
the
 
loan
 
portfolio, which
 
are
 
a
 
factor in
 
the
 
calculation of
 
ECLs,
 
are generally
 
short,
 
with
Lombard
 
lending
 
typically having
 
average
 
contractual
 
maturities
 
of 12
 
months
 
or less,
 
real estate
 
lending
 
generally
between
 
two and
 
three years
 
in Switzerland
 
,
 
with long
 
dated maturities
 
in the
 
US,
 
and
 
corporate lending
 
between
one and two years with related loan
 
commitments up to four
 
years; and
 
–
 
write-offs of
 
ECL allowances against
 
the gross loan
 
balances when all
 
or part of
 
a financial
 
asset is deemed
 
uncollectible
or forgiven, reduces the coverage ratios.
 
The total
 
combined
 
on-
 
and
 
off-balance sheet
 
coverage ratio
 
was at
21
 
basis points
 
as of
 
31 December 2022,
1
 
basis
point lower than on 31 December 2021. The combined stage 1 and 2 ratio of
10
 
basis points was unchanged compared
with 31 December 2021;
 
the stage 3 ratio was 22%,
2
 
percentage points lower than
 
as of 31 December 2021.
31.12.22
Gross carrying amount (USD
 
m)
ECL coverage (bps)
On-balance sheet
Total
Stage 1
Stage 2
Stage 3
Total
Stage 1
Stage 2
Stage 1&2
Stage 3
Private clients with mortgages
157,091
147,678
8,686
727
10
2
123
9
381
Real estate financing
46,511
43,129
3,372
9
9
4
70
9
232
Total real estate lending
203,602
190,807
12,059
736
10
2
108
9
379
Large corporate clients
12,356
10,757
1,204
395
105
22
120
32
2,325
SME clients
14,154
12,237
1,364
553
177
22
161
36
3,664
Total corporate lending
26,510
22,994
2,567
949
144
22
142
34
3,106
Lombard
132,313
132,205
0
108
2
1
0
1
1,580
Credit cards
1,869
1,427
393
50
190
46
256
91
3,779
Commodity trade finance
3,367
3,266
0
101
285
18
0
18
8,901
Other loans and advances to customers
20,342
19,525
748
68
21
7
38
8
3,769
Loans to financial advisors
2,670
2,364
130
176
221
28
124
33
2,870
Total other lending
160,561
158,787
1,270
503
16
3
114
4
4,016
Total
1
390,672
372,588
15,896
2,188
22
4
114
8
2,398
Gross exposure (USD m)
ECL coverage (bps)
Off-balance sheet
Total
Stage 1
Stage 2
Stage 3
Total
Stage 1
Stage 2
Stage 1&2
Stage 3
Private clients with mortgages
6,535
6,296
236
3
5
4
18
4
1,183
Real estate financing
10,054
9,779
275
0
6
7
0
6
0
Total real estate lending
16,589
16,075
511
3
6
6
2
6
1,288
Large corporate clients
32,126
28,950
3,013
163
38
18
165
32
1,263
SME clients
7,122
6,525
499
98
47
30
214
43
304
Total corporate lending
39,247
35,475
3,513
260
40
20
172
34
903
Lombard
12,919
12,918
0
1
2
1
0
1
0
Credit cards
9,390
8,900
487
3
7
5
36
7
0
Commodity trade finance
2,459
2,459
0
0
3
3
0
3
0
Financial intermediaries and hedge funds
15,841
14,177
1,664
0
9
7
25
9
0
Other off-balance sheet commitments
11,803
11,454
346
3
11
8
68
9
0
Total other lending
52,412
49,907
2,498
7
7
5
33
6
0
Total
2
108,249
101,457
6,522
270
19
10
106
16
980
Total on-
 
and off-balance sheet
3
498,921
474,045
22,418
2,458
21
5
112
10
2,242
1 Includes Loans and advances
 
to customers and Loans to
 
financial advisors which
 
are presented on the
 
balance sheet line Other
 
assets measured at amortized
 
cost.
 
2 Excludes Forward
 
starting reverse repurchase
and securities borrowing agreements.
 
3
Includes on-balance-sheet
 
exposure, gross and
 
off-balance-sheet exposure
 
(notional) and the related
 
ECL coverage ratio.
31.12.21
Gross carrying amount (USD
 
m)
ECL coverage (bps)
On-balance sheet
Total
Stage 1
Stage 2
Stage 3
Total
Stage 1
Stage 2
Stage 1&2
Stage 3
Private clients with mortgages
152,610
143,533
8,333
744
9
2
85
6
446
Real estate financing
44,004
40,483
3,512
10
14
5
114
14
231
Total real estate lending
196,615
184,016
11,845
754
10
3
94
8
443
Large corporate clients
14,161
12,665
1,053
443
120
18
148
28
2,997
SME clients
14,263
12,095
1,507
661
182
16
103
25
3,402
Total corporate lending
28,424
24,760
2,560
1,104
151
17
121
26
3,240
Lombard
149,316
149,261
0
55
2
0
0
0
5,026
Credit cards
1,752
1,355
351
46
204
72
255
109
3,735
Commodity trade finance
3,927
3,805
7
115
290
15
3
15
9,388
Other loans and advances to customers
18,578
17,493
1,010
75
25
9
15
10
3,730
Loans to financial advisors
2,539
2,203
109
226
338
88
303
99
2,791
Total other lending
176,111
174,117
1,477
517
18
3
93
4
4,718
Total
1
401,150
382,893
15,882
2,374
23
4
98
8
2,673
Gross exposure (USD m)
ECL coverage (bps)
Off-balance sheet
Total
Stage 1
Stage 2
Stage 3
Total
Stage 1
Stage 2
Stage 1&2
Stage 3
Private clients with mortgages
9,123
8,798
276
49
3
3
9
3
15
Real estate financing
8,766
8,481
285
0
9
7
88
9
0
Total real estate lending
17,889
17,278
562
49
6
5
49
6
15
Large corporate clients
32,748
28,981
3,630
136
34
25
110
35
1
SME clients
8,077
7,276
688
114
38
19
151
30
585
Total corporate lending
40,826
36,258
4,318
250
35
24
117
34
266
Lombard
14,438
14,438
0
0
1
0
0
0
0
Credit cards
9,466
9,000
462
4
7
5
34
7
0
Commodity trade finance
3,262
3,262
0
0
4
4
0
4
0
Financial intermediaries and hedge funds
12,153
11,784
369
0
15
12
120
15
0
Other off-balance sheet commitments
8,806
8,507
296
4
15
6
30
7
0
Total other lending
48,126
46,991
1,127
8
9
5
61
7
0
Total
2
106,840
100,527
6,006
307
18
12
100
17
486
Total on-
 
and off-balance sheet
3
507,990
483,420
21,888
2,681
22
6
99
10
2,423
1 Includes Loans
 
and advances to
 
customers and Loans
 
to financial
 
advisors which are
 
presented on the
 
balance sheet line
 
Other assets measured
 
at amortized
 
cost.
 
2 Excludes Forward
 
starting reverse
 
repurchase
and securities borrowing agreements.
 
3 Includes on-balance-sheet
 
exposure, gross and
 
off-balance-sheet exposure
 
(notional) and the related
 
ECL coverage ratio.
UBS AG  
Entity [Table]  
Disclosure Of Provision Matrix Explanatory
Balance sheet notes
Note 9
 
Financial assets at amortized
 
cost and other positions in scope of expected
 
credit loss measurement
The tables
 
below
 
provide
 
information about
 
financial instruments
 
and
 
certain credit
 
lines that
 
are subject
 
to expected
credit loss (ECL)
 
requirements.
 
UBS AG’s
 
ECL disclosure
 
segments,
 
or “ECL segments”
 
are aggregated
 
portfolios based
on shared risk characteristics and
 
on the same or similar rating
 
methods applied. The key segments are
 
presented in the
table below.
›
 
Refer to Note 19
 
for more information
 
about expected
 
credit loss measurement
 
Segment
Segment description
Description of credit risk sensitivity
Business division
 
Private clients with
mortgages
Lending to private clients secured
 
by
owner-occupied real estate
 
and
personal account overdrafts
 
of those
clients
Sensitive to the interest rate
 
environment,
unemployment levels, real estate
 
collateral
values and other regional
 
aspects
 
–
 
Personal & Corporate Banking
–
 
Global Wealth Management
Real estate financing
Rental or income-producing
 
real estate
financing to private and corporate
clients secured by real
 
estate
Sensitive to unemployment
 
levels, the
interest rate environment,
 
real estate
collateral values and other regional
aspects
 
–
 
Personal & Corporate Banking
–
 
Global Wealth Management
–
 
Investment Bank
Large corporate clients
Lending to large corporate and multi-
national clients
Sensitive to GDP developments,
unemployment levels, seasonalit
 
y,
business cycles and collateral
 
values
(diverse collateral,
 
including real estate
and other collateral types)
–
 
Personal & Corporate Banking
–
 
Investment Bank
SME clients
Lending to small and medium
 
-sized
corporate clients
Sensitive to GDP developments,
unemployment levels, the interest
 
rate
environment and,
 
to some extent,
seasonality,
 
business cycles and collateral
values (diverse collateral,
 
including real
estate and other collateral types)
–
 
Personal & Corporate Banking
Lombard
Loans secured by pledges
 
of marketable
securities, guarantees and
 
other forms
of collateral (including concentration
 
in
hedge funds, private equity and unlisted
equities), as well as unsecured
 
recourse
lending
Sensitive to equity and debt market
 
s
 
(e.g.,
changes in collateral values)
–
 
Global Wealth Management
Credit cards
Credit card solutions in
 
Switzerland and
the US
Sensitive to unemployment levels
–
 
Personal & Corporate Banking
–
 
Global Wealth Management
Commodity trade
finance
Working capital financing of
 
commodity
traders, generally extended on a
 
self-
liquidating transactional basis
Sensitive primarily to
 
the strength of
individual transaction structures
 
and
collateral values (price volatility
 
of
commodities),
 
as the primary source for
debt service is directly linked
 
to the
shipments financed
–
 
Personal & Corporate Banking
Financial intermediaries
and hedge funds
Lending to financial institutions
 
and
pension funds, including exposures
 
to
broker-dealers and clearing houses
Sensitive to GDP development, the
interest rate environment, price
 
and
volatility risks in financial markets,
 
and
regulatory and political
 
risk
–
 
Personal & Corporate Banking
–
 
Investment Bank
›
 
Refer to Note 19f
 
for more details
 
regarding sensitivity
The tables
 
below
 
provide
 
ECL exposure
 
and ECL
 
allowance and
 
provision
 
information
 
about financial
 
instruments and
certain non-financial instruments that are
 
subject to ECLs.
USD m
31.12.22
Carrying amount
1
ECL allowances
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
169,445
169,402
44
0
(12)
0
(12)
0
Loans and advances to banks
14,671
14,670
1
0
(6)
(5)
(1)
0
Receivables from securities financing transactions
 
measured at amortized cost
67,814
67,814
0
0
(2)
(2)
0
0
Cash collateral receivables on derivative
 
instruments
35,033
35,033
0
0
0
0
0
0
Loans and advances to customers
390,027
372,903
15,587
1,538
(783)
(129)
(180)
(474)
of which: Private clients with mortgages
156,930
147,651
8,579
699
(161)
(27)
(107)
(28)
of which: Real estate financing
46,470
43,112
3,349
9
(41)
(17)
(23)
0
of which: Large corporate clients
12,226
10,733
1,189
303
(130)
(24)
(14)
(92)
of which: SME clients
13,903
12,211
1,342
351
(251)
(26)
(22)
(203)
of which: Lombard
132,287
132,196
0
91
(26)
(9)
0
(17)
of which: Credit cards
1,834
1,420
382
31
(36)
(7)
(10)
(19)
of which: Commodity trade finance
3,272
3,261
0
11
(96)
(6)
0
(90)
Other financial assets measured at amortized cost
53,389
52,829
413
147
(86)
(17)
(6)
(63)
of which: Loans to financial advisors
2,611
2,357
128
126
(59)
(7)
(2)
(51)
Total financial assets
 
measured at amortized cost
730,379
712,651
16,044
1,685
(890)
(154)
(199)
(537)
Financial assets measured at
 
fair value through other comprehensive
 
income
2,239
2,239
0
0
0
0
0
0
Total on-balance
 
sheet financial assets within the scope of
 
ECL requirements
732,618
714,889
16,044
1,685
(890)
(154)
(199)
(537)
Total exposure
ECL provisions
Off-balance sheet (within the
 
scope of ECL)
Total
Stage 1
Stage 2
Stage 3
Total
Stage 1
Stage 2
Stage 3
Guarantees
22,167
19,805
2,254
108
(48)
(13)
(9)
(26)
of which: Large corporate clients
3,663
2,883
721
58
(26)
(2)
(3)
(21)
of which: SME clients
1,337
1,124
164
49
(5)
(1)
(1)
(3)
of which: Financial intermediaries and hedge funds
 
11,833
10,513
1,320
0
(12)
(8)
(4)
0
of which: Lombard
2,376
2,376
0
1
(1)
0
0
(1)
of which: Commodity trade finance
2,121
2,121
0
0
(1)
(1)
0
0
Irrevocable loan commitments
39,996
37,531
2,341
124
(111)
(59)
(52)
0
of which: Large corporate clients
23,611
21,488
2,024
99
(93)
(49)
(45)
0
Forward starting reverse repurchase
 
and securities borrowing agreements
3,801
3,801
0
0
0
0
0
0
Committed unconditionally revocable credit lines
43,677
41,809
1,833
36
(40)
(32)
(8)
0
of which: Real estate financing
8,711
8,528
183
0
(6)
(6)
0
0
of which: Large corporate clients
4,578
4,304
268
5
(4)
(1)
(2)
0
of which: SME clients
4,723
4,442
256
26
(19)
(16)
(3)
0
of which: Lombard
7,855
7,854
0
1
0
0
0
0
of which: Credit cards
9,390
8,900
487
3
(7)
(5)
(2)
0
of which: Commodity trade finance
327
327
0
0
0
0
0
0
Irrevocable committed prolongation of existing loans
4,696
4,600
94
2
(2)
(2)
0
0
Total off-balance sheet
 
financial instruments and credit lines
114,337
107,545
6,522
270
(201)
(106)
(69)
(26)
Total allowances and
 
provisions
(1,091)
(260)
(267)
(564)
1 The carrying amount
 
of financial assets measured
 
at amortized cost represents
 
the total gross exposure
 
net of the respective ECL
 
allowances.
USD m
31.12.21
Carrying amount
1
ECL allowances
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
192,817
192,817
0
0
0
0
0
0
Loans and advances to banks
15,360
15,333
26
1
(8)
(7)
(1)
0
Receivables from securities financing transactions
 
measured at amortized cost
75,012
75,012
0
0
(2)
(2)
0
0
Cash collateral receivables on derivative
 
instruments
30,514
30,514
0
0
0
0
0
0
Loans and advances to customers
398,693
381,496
15,620
1,577
(850)
(126)
(152)
(572)
of which: Private clients with mortgages
152,479
143,505
8,262
711
(132)
(28)
(71)
(33)
of which: Real estate financing
43,945
40,463
3,472
9
(60)
(19)
(40)
0
of which: Large corporate clients
13,990
12,643
1,037
310
(170)
(22)
(16)
(133)
of which: SME clients
14,004
12,076
1,492
436
(259)
(19)
(15)
(225)
of which: Lombard
149,283
149,255
0
27
(33)
(6)
0
(28)
of which: Credit cards
1,716
1,345
342
29
(36)
(10)
(9)
(17)
of which: Commodity trade finance
3,813
3,799
7
7
(114)
(6)
0
(108)
Other financial assets measured at amortized cost
26,236
25,746
302
189
(109)
(27)
(7)
(76)
of which: Loans to financial advisors
2,453
2,184
106
163
(86)
(19)
(3)
(63)
Total financial assets
 
measured at amortized cost
738,632
720,917
15,948
1,767
(969)
(161)
(160)
(647)
Financial assets measured at
 
fair value through other comprehensive
 
income
8,844
8,844
0
0
0
0
0
0
Total on-balance
 
sheet financial assets within the scope of
 
ECL requirements
747,477
729,762
15,948
1,767
(969)
(161)
(160)
(647)
Total exposure
ECL provisions
Off-balance sheet (within the
 
scope of ECL)
Total
Stage 1
Stage 2
Stage 3
Total
Stage 1
Stage 2
Stage 3
Guarantees
20,972
19,695
1,127
150
(41)
(18)
(8)
(15)
of which: Large corporate clients
3,464
2,567
793
104
(6)
(3)
(3)
0
of which: SME clients
1,353
1,143
164
46
(8)
(1)
(1)
(7)
of which: Financial intermediaries and hedge funds
 
9,575
9,491
84
0
(17)
(13)
(4)
0
of which: Lombard
2,454
2,454
0
0
(1)
0
0
(1)
of which: Commodity trade finance
3,137
3,137
0
0
(1)
(1)
0
0
Irrevocable loan commitments
39,478
37,097
2,335
46
(114)
(72)
(42)
0
of which: Large corporate clients
23,922
21,811
2,102
9
(100)
(66)
(34)
0
Forward starting reverse repurchase
 
and securities borrowing agreements
1,444
1,444
0
0
0
0
0
0
Committed unconditionally revocable credit lines
42,373
39,802
2,508
63
(38)
(28)
(10)
0
of which: Real estate financing
7,328
7,046
281
0
(5)
(4)
(1)
0
of which: Large corporate clients
5,358
4,599
736
23
(7)
(4)
(3)
0
of which: SME clients
5,160
4,736
389
35
(15)
(11)
(3)
0
of which: Lombard
8,670
8,670
0
0
0
0
0
0
of which: Credit cards
9,466
9,000
462
4
(6)
(5)
(2)
0
of which: Commodity trade finance
117
117
0
0
0
0
0
0
Irrevocable committed prolongation of existing loans
5,611
5,527
36
48
(3)
(3)
0
0
Total off-balance sheet
 
financial instruments and credit lines
109,878
103,565
6,006
307
(196)
(121)
(60)
(15)
Total allowances and
 
provisions
(1,165)
(282)
(220)
(662)
1 The carrying amount
 
of financial assets measured
 
at amortized cost represents
 
the total gross exposure
 
net of the respective ECL
 
allowances.
Coverage ratios are
 
calculated for the
 
core loan
 
portfolio by taking
 
ECL allowances
 
and provisions
 
divided by
 
the gross
carrying amount
 
of the
 
exposures.
 
Core loan
 
exposure is
 
defined as
 
the sum
 
of
Loans and
 
advances to
 
customers
 
and
Loans to financial advisors
.
 
These ratios are influenced by the following
 
key factors:
 
–
 
Lombard loans are generally secured with marketable securities in
 
portfolios that are, as a rule, highly diversified,
 
with
strict lending policies that are intended
 
to ensure that credit risk is minimal
 
under most circumstances;
 
–
 
mortgage loans
 
to private
 
clients and real
 
estate financing
 
are controlled
 
by conservative
 
eligibility criteria,
 
including
low loan-to-value ratios
 
and strong debt service capabilit
 
ies;
–
 
the amount of unsecured
 
retail lending (including credit cards) is insignificant;
 
–
 
lending in Switzerland includes government
 
-backed COVID-19 loans;
–
 
contractual
 
maturities
 
in
 
the
 
loan
 
portfolio, which
 
are
 
a
 
factor in
 
the
 
calculation of
 
ECLs,
 
are generally
 
short,
 
with
Lombard
 
lending
 
typically having
 
average
 
contractual
 
maturities
 
of 12
 
months
 
or less,
 
real estate
 
lending
 
generally
between
 
two and
 
three years
 
in Switzerland
 
,
 
with long
 
dated maturities
 
in the
 
US,
 
and
 
corporate lending
 
between
one and two years with related loan
 
commitments up to four
 
years; and
 
–
 
write-offs of
 
ECL allowances against
 
the gross loan
 
balances when all
 
or part of
 
a financial
 
asset is deemed
 
uncollectible
or forgiven, reduces the coverage ratios.
 
The total
 
combined
 
on-
 
and
 
off-balance sheet
 
coverage ratio
 
was at
21
 
basis points
 
as of
 
31 December 2022,
1
 
basis
point lower than on 31 December 2021. The combined stage 1 and 2 ratio of
10
 
basis points was unchanged compared
with 31 December 2021;
 
the stage 3 ratio was 22%,
2
 
percentage points lower than
 
as of 31 December 2021.
31.12.22
Gross carrying amount (USD
 
m)
ECL coverage (bps)
On-balance sheet
Total
Stage 1
Stage 2
Stage 3
Total
Stage 1
Stage 2
Stage 1&2
Stage 3
Private clients with mortgages
157,091
147,678
8,686
727
10
2
123
9
381
Real estate financing
46,511
43,129
3,372
9
9
4
70
9
232
Total real estate lending
203,602
190,807
12,059
736
10
2
108
9
379
Large corporate clients
12,356
10,757
1,204
395
105
22
120
32
2,325
SME clients
14,154
12,237
1,364
553
177
22
161
36
3,664
Total corporate lending
26,510
22,994
2,567
949
144
22
142
34
3,106
Lombard
132,313
132,205
0
108
2
1
0
1
1,580
Credit cards
1,869
1,427
393
50
190
46
256
91
3,779
Commodity trade finance
3,367
3,266
0
101
285
18
0
18
8,901
Other loans and advances to customers
23,149
22,333
748
68
18
6
38
7
3,769
Loans to financial advisors
2,670
2,364
130
176
221
28
124
33
2,870
Total other lending
163,368
161,595
1,270
503
16
3
114
3
4,016
Total
1
393,480
375,396
15,896
2,188
21
4
114
8
2,398
Gross exposure (USD m)
ECL coverage (bps)
Off-balance sheet
Total
Stage 1
Stage 2
Stage 3
Total
Stage 1
Stage 2
Stage 1&2
Stage 3
Private clients with mortgages
6,535
6,296
236
3
5
4
18
4
1,183
Real estate financing
10,054
9,779
275
0
6
7
0
6
0
Total real estate lending
16,589
16,075
511
3
6
6
2
6
1,288
Large corporate clients
32,126
28,950
3,013
163
38
18
165
32
1,263
SME clients
7,122
6,525
499
98
47
30
214
43
304
Total corporate lending
39,247
35,475
3,513
260
40
20
172
34
903
Lombard
12,919
12,918
0
1
2
1
0
1
0
Credit cards
9,390
8,900
487
3
7
5
36
7
0
Commodity trade finance
2,459
2,459
0
0
3
3
0
3
0
Financial intermediaries and hedge funds
18,128
16,464
1,664
0
7
6
25
7
0
Other off-balance sheet commitments
11,803
11,454
346
3
11
8
68
9
0
Total other lending
54,700
52,195
2,498
7
6
5
33
6
0
Total
2
110,537
103,745
6,522
270
18
10
106
16
980
Total on-
 
and off-balance sheet
3
504,016
479,140
22,418
2,458
21
5
112
10
2,242
1 Includes Loans
 
and advances to
 
customers and Loans
 
to financial
 
advisors which are
 
presented on the
 
balance sheet line
 
Other assets measured
 
at amortized
 
cost.
 
2 Excludes Forward
 
starting reverse
 
repurchase
and securities borrowing agreements.
 
3 Includes on-balance-sheet
 
exposure, gross and
 
off-balance-sheet exposure
 
(notional) and the related
 
ECL coverage ratio.
31.12.21
Gross carrying amount (USD
 
m)
ECL coverage (bps)
On-balance sheet
Total
Stage 1
Stage 2
Stage 3
Total
Stage 1
Stage 2
Stage 1&2
Stage 3
Private clients with mortgages
152,610
143,533
8,333
744
9
2
85
6
446
Real estate financing
44,004
40,483
3,512
10
14
5
114
14
231
Total real estate lending
196,615
184,016
11,845
754
10
3
94
8
443
Large corporate clients
14,161
12,665
1,053
443
120
18
148
28
2,997
SME clients
14,263
12,095
1,507
661
182
16
103
25
3,402
Total corporate lending
28,424
24,760
2,560
1,104
151
17
121
26
3,240
Lombard
149,316
149,261
0
55
2
0
0
0
5,026
Credit cards
1,752
1,355
351
46
204
72
255
109
3,735
Commodity trade finance
3,927
3,805
7
115
290
15
3
15
9,388
Other loans and advances to customers
19,510
18,425
1,010
75
23
9
15
9
3,730
Loans to financial advisors
2,539
2,203
109
226
338
88
303
99
2,791
Total other lending
177,043
175,049
1,477
517
18
3
93
4
4,718
Total
1
402,081
383,825
15,882
2,374
23
4
98
8
2,673
Gross exposure (USD m)
ECL coverage (bps)
Off-balance sheet
Total
Stage 1
Stage 2
Stage 3
Total
Stage 1
Stage 2
Stage 1&2
Stage 3
Private clients with mortgages
9,123
8,798
276
49
3
3
9
3
15
Real estate financing
8,766
8,481
285
0
9
7
88
9
0
Total real estate lending
17,889
17,278
562
49
6
5
49
6
15
Large corporate clients
32,748
28,981
3,630
136
34
25
110
35
1
SME clients
8,077
7,276
688
114
38
19
151
30
585
Total corporate lending
40,826
36,258
4,318
250
35
24
117
34
266
Lombard
14,438
14,438
0
0
1
0
0
0
0
Credit cards
9,466
9,000
462
4
7
5
34
7
0
Commodity trade finance
3,262
3,262
0
0
4
4
0
4
0
Financial intermediaries and hedge funds
13,747
13,379
369
0
13
10
120
13
0
Other off-balance sheet commitments
8,806
8,507
296
4
15
6
30
7
0
Total other lending
49,720
48,585
1,127
8
8
5
61
7
0
Total
2
108,434
102,121
6,006
307
18
12
100
17
486
Total on-
 
and off-balance sheet
3
510,516
485,946
21,888
2,681
22
5
99
9
2,423
1 Includes Loans
 
and advances to
 
customers and Loans
 
to financial
 
advisors which are
 
presented on the
 
balance sheet line
 
Other assets measured
 
at amortized
 
cost.
 
2 Excludes Forward
 
starting reverse
 
repurchase
and securities borrowing agreements.
 
3 Includes on-balance-sheet
 
exposure, gross and
 
off-balance-sheet exposure
 
(notional) and the related
 
ECL coverage ratio.