XML 185 R73.htm IDEA: XBRL DOCUMENT v3.22.4
Expected credit loss measurement (Tables)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Entity [Table]    
Disclosure Of Credit Loss Expense Recovery Explanatory
Credit loss expense
 
/ (release)
USD m
Global
 
Wealth
 
Management
Personal &
 
Corporate
 
Banking
Asset
Management
Investment
 
Bank
Group
 
Functions
Total
For the year ended
 
31.12.22
Stages 1 and 2
(5)
27
0
6
1
29
Stage 3
5
12
0
(18)
2
0
Total credit loss expense /
 
(release)
0
39
0
(12)
3
29
For the year ended
 
31.12.21
Stages 1 and 2
(28)
(62)
0
(34)
0
(123)
Stage 3
(1)
(24)
1
0
0
(25)
Total credit loss expense /
 
(release)
(29)
(86)
1
(34)
0
(148)
For the year ended
 
31.12.20
Stages 1 and 2
48
129
0
88
0
266
Stage 3
40
128
2
217
42
429
Total credit loss expense /
 
(release)
88
257
2
305
42
694
  
Disclosure Of Key Macro Economic Scenario Weights Explanatory
Economic scenarios and weights applied
Assigned weights in %
ECL scenario
31.12.22
31.12.21
Asset price inflation
0.0
5.0
Baseline
60.0
55.0
Mild global interest rate steepening
 
0.0
10.0
Stagflationary geopolitical crisis
25.0
0.0
Global crisis
 
15.0
30.0
  
Disclosure Of Key Macro Economic Variables Explanatory
Scenario assumptions
One year
 
Three years cumulative
 
31.12.22
Asset price
inflation
Baseline
Stagflationary
geopolitical
crisis
 
Global
crisis
 
Asset price
inflation
Baseline
Stagflationary
geopolitical
crisis
 
Global
crisis
 
Real GDP growth (% change)
United States
4.0
(0.3)
(4.8)
(6.4)
9.1
3.2
(4.4)
(1.8)
Eurozone
3.0
0.6
(5.6)
(8.5)
6.2
2.5
(5.7)
(8.3)
Switzerland
3.0
0.7
(4.8)
(6.7)
6.6
3.5
(4.9)
(3.7)
Consumer price index (% change)
 
United States
2.5
2.6
10.0
(0.5)
8.1
6.5
15.8
1.2
Eurozone
2.3
5.0
9.6
(0.7)
7.4
9.6
14.8
(0.7)
Switzerland
2.1
1.6
5.8
(1.8)
6.2
3.9
10.7
(1.6)
Unemployment rate (end-of
 
-period level, %)
United States
3.0
3.9
9.2
10.0
3.0
5.3
11.8
9.4
Eurozone
6.0
7.0
10.9
11.9
6.0
7.1
12.2
13.0
Switzerland
1.7
2.3
4.3
4.4
1.5
2.6
5.1
4.9
Fixed income: 10-year government
 
bonds (change in yields, basis points)
USD
25.0
(5.6)
235.0
(326.0)
70.0
(13.2)
205.0
(291.1)
EUR
20.0
47.8
250.0
(270.6)
57.5
44.7
220.0
(246.5)
CHF
25.0
45.7
220.0
(209.7)
62.5
57.0
205.0
(159.6)
Equity indices (% change)
S&P 500
20.0
7.4
(51.5)
(50.0)
51.7
22.8
(45.6)
(27.9)
EuroStoxx 50
17.0
17.2
(51.6)
(50.0)
42.9
29.2
(47.2)
(39.3)
SPI
14.0
5.6
(51.6)
(46.0)
37.9
19.3
(47.2)
(32.9)
Swiss real estate (% change)
Single-Family Homes
 
6.6
1.1
(16.7)
(19.9)
14.0
2.3
(32.9)
(23.9)
Other real estate (% change)
United States (S&P / Case–Shiller)
7.8
(4.5)
(12.8)
(19.3)
19.1
(0.6)
(35.8)
(32.7)
Eurozone (House Price Index)
7.0
(2.7)
(8.4)
(8.9)
15.4
2.0
(14.7)
(17.5)
Scenario assumptions
One year
 
Three years cumulative
 
31.12.21
Asset price
inflation
Baseline
Mild global
interest rate
steepening
 
Global crisis
 
Asset price
inflation
Baseline
Mild global
interest rate
steepening
 
Global crisis
 
Real GDP growth (% change)
United States
9.1
4.4
(0.1)
(5.9)
17.8
10.1
1.8
(3.8)
Eurozone
9.4
3.9
(0.1)
(8.7)
17.3
7.5
0.9
(10.3)
Switzerland
5.5
2.4
(0.9)
(6.6)
13.1
5.8
(0.1)
(5.7)
Consumer price index (% change)
United States
3.1
2.2
5.7
(1.2)
9.5
6.3
13.0
0.4
Eurozone
2.3
1.4
4.2
(1.3)
8.0
4.8
10.4
(1.7)
Switzerland
1.8
0.3
3.5
(1.8)
6.1
1.7
9.0
(1.6)
Unemployment rate (end-of
 
-period level, %)
United States
3.0
3.9
6.1
10.9
3.0
3.5
7.2
10.8
Eurozone
6.2
7.4
8.7
12.9
6.0
7.2
9.1
15.1
Switzerland
2.3
2.5
3.4
5.2
1.6
2.3
4.2
5.9
Fixed income: 10-year government
 
bonds (change in yields, basis points)
USD
50.0
16.5
259.2
(50.0)
170.0
41.2
329.2
(15.0)
EUR
40.0
11.1
283.8
(35.0)
140.0
34.9
349.3
(25.0)
CHF
50.0
12.1
245.5
(70.0)
150.0
34.4
307.3
(35.0)
Equity indices (% change)
S&P 500
12.0
14.1
(27.0)
(50.2)
35.5
24.7
(21.8)
(40.1)
EuroStoxx 50
16.0
12.3
(23.4)
(57.6)
41.6
20.7
(19.9)
(50.4)
SPI
14.0
12.1
(22.9)
(53.6)
37.9
19.1
(19.6)
(44.2)
Swiss real estate (% change)
Single-Family Homes
 
5.1
4.4
(4.3)
(17.0)
15.5
7.4
(8.8)
(30.0)
Other real estate (% change)
United States (S&P / Case–Shiller)
10.0
3.5
(2.3)
(9.5)
21.7
7.1
(8.7)
(26.3)
Eurozone (House Price Index)
8.4
5.1
(4.0)
(5.4)
17.8
9.6
(7.6)
(10.8)
Disclosure Of Credit Risk Exposure Movement Explanatory
Development of ECL allowances
 
and provisions
USD m
Total
Stage 1
Stage 2
Stage 3
Balance as of 31 December 2021
(1,165)
(282)
(220)
(662)
Net movement from new and derecognized
 
transactions
1
(7)
(21)
16
(2)
of which: Private clients with mortgages
(6)
(6)
0
0
of which: Real estate financing
(3)
(5)
2
0
of which: Large corporate clients
8
(1)
11
(2)
of which: SME clients
(1)
(1)
0
0
of which: Other
(6)
(8)
3
0
 
of which: Financial intermediaries and hedge
 
funds
0
(2)
2
0
 
of which: Loans to financial advisors
0
0
0
0
Remeasurements with stage transfers
2
(65)
20
(39)
(46)
of which: Private clients with mortgages
(10)
3
(12)
0
of which: Real estate financing
7
(1)
8
0
of which: Large corporate clients
(33)
16
(28)
(21)
of which: SME clients
(23)
2
(2)
(22)
of which: Other
(6)
1
(4)
(3)
 
of which: Financial intermediaries and hedge
 
funds
0
0
0
0
 
of which: Loans to financial advisors
1
2
(1)
0
Remeasurements without
 
stage transfers
3
13
(8)
(27)
48
of which: Private clients with mortgages
(12)
5
(18)
1
of which: Real estate financing
13
3
10
0
of which: Large corporate clients
32
(11)
2
41
of which: SME clients
(6)
(10)
(9)
14
of which: Other
(15)
5
(12)
(8)
 
of which: Sovereigns
(8)
0
(8)
0
 
of which: Loans to financial advisors
(3)
3
(1)
(6)
Model changes
4
30
29
1
0
Movements with profit or loss impact
5
(29)
20
(49)
0
Movements without profit or loss impact
 
(write-off,
 
FX and other)
6
104
3
1
99
Balance as of 31 December 2022
(1,091)
(259)
(267)
(564)
1 Represents
 
the increase
 
and decrease
 
in allowances
 
and provisions
 
resulting from
 
financial instruments
 
(including guarantee
 
s
 
and facilities)
 
that were
 
newly originated,
 
purchased or
 
renewed and
 
from the
 
final
derecognition of loans or facilities on their maturity date or earlier.
 
2 Represents the remeasurement between 12
 
-month and lifetime ECL due to stage transfers.
 
3 Represents the change in allowances and provisions
related to
 
changes
 
in model
 
inputs
 
or assumptions,
 
including
 
changes
 
in forward
 
-looking
 
macroeconomic
 
conditions,
 
changes
 
in the
 
exposure
 
profile,
 
PD and
 
LGD
 
changes,
 
and
 
unwinding
 
of the
 
time
 
value.
 
4 Represents the change in the allowances
 
and provisions related to changes
 
in models and methodologies.
 
5 Includes ECL movements
 
from new and derecognized transactions,
 
remeasurement changes,
 
model and
methodology changes.
 
6 Represents
 
the decrease
 
in allowances
 
and provisions
 
resulting from
 
write-offs of
 
the ECL
 
allowance
 
against the
 
gross carrying
 
amount when
 
all or
 
part of
 
a financial
 
asset is
 
deemed
uncollectible or forgiven and
 
movements in foreign exchange
 
rates.
Development of ECL allowances
 
and provisions
USD m
Total
Stage 1
Stage 2
Stage 3
Balance as of 31 December 2020
(1,468)
(306)
(333)
(829)
Net movement from new and derecognized
 
transactions
1
(59)
(72)
13
0
of which: Private clients with mortgages
(7)
(10)
3
0
of which: Real estate financing
(7)
(11)
4
0
of which: Large corporate clients
(13)
(21)
7
0
of which: SME clients
(8)
(8)
0
0
of which: Other
(24)
(23)
(2)
0
 
of which: Financial intermediaries and hedge
 
funds
(21)
(18)
(4)
0
 
of which: Loans to financial advisors
0
(1)
1
0
Remeasurements with stage transfers
2
(40)
8
0
(49)
of which: Private clients with mortgages
(9)
4
(13)
0
of which: Real estate financing
(3)
1
(4)
0
of which: Large corporate clients
2
(2)
12
(8)
of which: SME clients
(27)
5
4
(36)
of which: Other
(3)
0
2
(4)
 
of which: Financial intermediaries and hedge
 
funds
2
(1)
3
0
 
of which: Loans to financial advisors
0
1
(1)
0
Remeasurements without
 
stage transfers
3
203
55
74
74
of which: Private clients with mortgages
33
8
26
(1)
of which: Real estate financing
30
13
13
3
of which: Large corporate clients
44
5
21
17
of which: SME clients
53
(1)
1
53
of which: Other
44
29
14
2
 
of which: Financial intermediaries and hedge
 
funds
27
15
12
0
 
of which: Loans to financial advisors
6
8
1
(3)
Model changes
4
45
29
16
0
Movements with profit or loss impact
5
148
19
104
25
Movements without profit or loss impact
 
(write-off, FX
 
and other)
6
154
5
9
141
Balance as of 31 December 2021
(1,165)
(282)
(220)
(662)
1 Represents
 
the increase
 
and decrease
 
in allowances
 
and provisions
 
resulting from
 
financial instruments
 
(including guarantee
 
s
 
and facilities)
 
that were
 
newly originated,
 
purchased or
 
renewed and
 
from the
 
final
derecognition of loans or facilities on their maturity date or earlier.
 
2 Represents the remeasurement between 12
 
-month and lifetime ECL due to stage transfers.
 
3 Represents the change in allowances and provisions
related to
 
changes
 
in model
 
inputs
 
or assumptions,
 
including
 
changes
 
in forward
 
-looking
 
macroeconomic
 
conditions,
 
changes
 
in the
 
exposure
 
profile,
 
PD and
 
LGD
 
changes,
 
and
 
unwinding
 
of the
 
time
 
value.
 
4 Represents the change in the allowances
 
and provisions related to changes
 
in models and methodologies.
 
5 Includes ECL movements
 
from new and derecognized
 
transactions, remeasurement
 
changes, model and
methodology changes.
 
6 Represents
 
the decrease
 
in allowa
 
nces and
 
provisions resulting
 
from write
 
-offs of
 
the ECL
 
allowance
 
against the
 
gross carrying
 
amount when
 
all or
 
part of
 
a financial
 
asset is
 
deemed
uncollectible or forgiven and
 
movements in foreign exchange
 
rates.
Disclosure Of Credit Risk Exposure Categories Explanatory
ECL stage 2 (“significant deterioration
 
in credit risk”) allowances / provisions
 
as of 31 December 2022 – classification by trigger
USD m
Stage 2
of which:
PD layer
of which:
watch list
of which:
≥30 days
 
past due
On-
 
and off-balance sheet
 
(267)
(196)
(21)
(50)
of which: Private clients with mortgages
(107)
(83)
0
(25)
of which: Real estate financing
(23)
(18)
0
(5)
of which: Large corporate clients
(65)
(51)
(13)
0
of which: SME clients
(37)
(22)
(7)
(7)
of which: Financial intermediaries and hedge funds
(17)
(17)
0
0
of which: Loans to financial advisors
(2)
0
0
(2)
of which: Credit cards
(12)
0
0
(12)
of which: Other
(5)
(5)
0
0
  
Disclosure Of Maximum Exposure To Credit Risk Explanatory
Maximum exposure to credit
 
risk
 
31.12.22
Collateral
1,2
Credit enhancements
1
Exposure to
credit risk
after collateral
and credit
enhancements
USD bn
Maximum
exposure to
credit risk
Cash
collateral
received
Collateralized
by equity
 
and debt
instruments
 
Secured by
real estate
Other
collateral
3
Netting
Credit
derivative
contracts
Guarantees
 
Financial assets measured at
 
amortized cost on the balance sheet
Cash and balances at central banks
169.4
169.4
Loans and advances to banks
4
14.8
0.0
0.1
14.7
Receivables from securities financing transactions
measured at amortized cost
67.8
0.0
64.5
2.4
0.9
Cash collateral receivables on derivative
 
instruments
5,6
35.0
22.9
12.1
Loans and advances to customers
387.2
33.6
115.9
197.8
19.6
3.0
17.3
Other financial assets measured at amortized cost
53.3
0.1
0.5
0.0
1.3
51.3
Total financial assets
 
measured at amortized cost
727.6
33.7
181.0
197.9
23.4
22.9
0.0
3.0
265.8
Financial assets measured at
 
fair value
 
through other comprehensive income – debt
2.2
2.2
Total maximum exposure to
 
credit risk
 
reflected on the balance sheet within
 
the scope of ECL
729.8
33.7
181.0
197.9
23.4
22.9
0.0
3.0
268.0
Guarantees
7
22.1
1.2
9.3
0.1
2.0
1.8
7.7
Loan commitments
7
39.9
0.2
3.1
1.3
6.5
0.1
1.0
27.8
Forward starting transactions,
 
reverse repurchase
and securities borrowing agreements
3.8
3.8
0.0
Committed unconditionally revocable credit lines
41.4
0.2
8.2
6.0
6.2
0.5
20.2
Total maximum exposure to
 
credit risk not
 
reflected on the balance sheet within
 
the scope of ECL
107.2
1.6
24.4
7.5
14.7
0.0
0.1
3.3
55.7
31.12.21
Collateral
1,2
Credit enhancements
1
Exposure to
credit risk
after collateral
and credit
enhancements
USD bn
Maximum
exposure to
credit risk
Cash
collateral
received
Collateralized
by equity
 
and debt
instruments
 
Secured by
real estate
Other
collateral
3
Netting
Credit
derivative
contracts
Guarantees
 
Financial assets measured at
 
amortized cost on the balance sheet
Cash and balances at central banks
192.8
192.8
Loans and advances to banks
4
15.5
0.1
0.1
15.3
Receivables from securities financing transactions
measured at amortized cost
75.0
0.0
68.0
6.9
0.0
Cash collateral receivables on derivative
 
instruments
5,6
30.5
18.4
12.1
Loans and advances to customers
397.8
37.5
128.7
191.3
20.2
4.0
16.2
Other financial assets measured at amortized cost
26.2
0.2
0.1
0.0
1.3
24.6
Total financial assets
 
measured at amortized cost
737.8
37.7
196.9
191.3
28.4
18.4
0.0
4.0
261.0
Financial assets measured at
 
fair value
 
through other comprehensive income – debt
8.8
8.8
Total maximum exposure to
 
credit risk
 
reflected on the balance sheet within
 
the scope of ECL
746.6
37.7
196.9
191.3
28.4
18.4
0.0
4.0
269.8
Guarantees
7
20.9
1.3
6.5
0.2
2.5
2.3
8.1
Loan commitments
7
39.4
0.5
4.0
2.4
7.3
0.3
1.7
23.1
Forward starting transactions,
 
reverse repurchase
and securities borrowing agreements
1.4
1.4
0.0
Committed unconditionally revocable credit lines
40.7
0.3
9.0
6.2
3.9
0.5
20.9
Total maximum exposure to
 
credit risk not
 
reflected on the balance sheet within
 
the scope of ECL
102.5
2.2
20.9
8.7
13.7
0.0
0.3
4.5
52.1
1 Of which: USD
1,372
m for 31 December 2022 (31 December 2021: USD
1,443
m) relates to total credit-impaired financial assets measured
 
at amortized cost and USD
113
m for 31 December 2022 (31 December
 
2021:
USD
130
m) to total off-balance sheet financial instruments and credit lines for credit-impaired positions.
 
2 Collateral arrangements generally incorporate
 
a range of collateral, including cash, equity and debt instruments,
real estate and other collateral. UBS
 
applies a risk-based approach
 
that generally
 
prioritizes collateral according
 
to its liquidity profile.
 
3 Includes but is not limited to
 
life insurance contracts,
 
inventory,
 
mortgage loans,
gold and other commodities.
 
4 Loans and advances
 
to banks include amounts held with
 
third-party banks on
 
behalf of clients. The
 
credit risk associated with these
 
balances may be borne by those clients.
 
5 Included
within Cash collateral
 
receivables on derivative
 
instruments are
 
margin balances
 
due from exchanges
 
or clearing houses.
 
Some
 
of these margin
 
balances reflect
 
amounts transferred on
 
behalf of clients
 
who retain the
associated credit
 
risk.
 
6 The
 
amount shown
 
in the
 
“Netting” column
 
represents the
 
netting potential
 
not recognized
 
on the
 
balance sheet.
 
Refer to
 
Note 21
 
for more
 
information.
 
7 The
 
amount
 
shown in
 
the
“Guarantees” column includes
 
sub-participations.
  
Disclosure Of Internal Credit Exposures Explanatory
Financial assets subject to credit risk by
 
rating category
USD m
31.12.22
Rating category
1
0–1
2–3
4–5
6–8
9–13
Credit-
impaired
(defaulted)
Total gross
carrying
amount
ECL
allowances
Net carrying
amount
(maximum
exposure to
credit risk)
Financial assets measured at amortized
 
cost
Cash and balances at central banks
168,525
877
0
0
56
0
169,457
(12)
169,445
of which: stage 1
168,525
877
0
0
0
0
169,402
0
169,402
of which: stage 2
0
0
0
0
56
0
56
(12)
44
Loans and advances to banks
862
12,257
860
440
379
0
14,798
(6)
14,792
of which: stage 1
862
12,257
860
440
378
0
14,797
(5)
14,792
of which: stage 2
0
0
0
0
1
0
1
(1)
1
of which: stage 3
0
0
0
0
0
0
0
0
0
Receivables from securities
 
financing transactions measured at
amortized cost
27,158
15,860
8,870
15,207
721
0
67,816
(2)
67,814
of which: stage 1
27,158
15,860
8,870
15,207
721
0
67,816
(2)
67,814
Cash collateral receivables on
 
derivative instruments
10,613
12,977
7,138
4,157
147
0
35,033
0
35,032
of which: stage 1
10,613
12,977
7,138
4,157
147
0
35,033
0
35,032
Loans and advances to customers
6,491
214,473
68,356
74,732
21,939
2,012
388,003
(783)
387,220
of which: stage 1
6,491
212,980
66,114
68,034
16,605
0
370,224
(129)
370,095
of which: stage 2
0
1,493
2,242
6,698
5,334
0
15,767
(180)
15,587
of which: stage 3
0
0
0
0
0
2,012
2,012
(474)
1,538
Other financial assets measured at
 
amortized cost
29,011
16,632
447
6,600
450
210
53,350
(86)
53,264
of which: stage 1
29,011
16,630
427
6,317
336
0
52,721
(17)
52,704
of which: stage 2
0
2
20
283
114
0
419
(6)
413
of which: stage 3
0
0
0
0
0
210
210
(63)
147
Total financial assets
 
measured at amortized cost
242,660
273,076
85,671
101,136
23,693
2,222
728,457
(889)
727,568
On-balance sheet financial instruments
Financial assets measured at FVOCI
 
– debt instruments
1,307
840
0
92
0
0
2,239
0
2,239
Total on-balance
 
sheet financial instruments
243,966
273,916
85,671
101,228
23,693
2,222
730,696
(889)
729,807
Financial assets subject to credit risk by
 
rating category
USD m
31.12.21
Rating category
1
0–1
2–3
4–5
6–8
9–13
Credit-
impaired
(defaulted)
Total gross
carrying
amount
ECL
allowances
Net carrying
amount
(maximum
exposure to
credit risk)
Financial assets measured at amortized
 
cost
Cash and balances at central banks
191,015
1,802
0
0
0
0
192,817
0
192,817
of which: stage 1
191,015
1,802
0
0
0
0
192,817
0
192,817
Loans and advances to banks
407
12,623
1,171
795
490
1
15,488
(8)
15,480
of which: stage 1
407
12,623
1,146
795
488
0
15,460
(7)
15,453
of which: stage 2
0
0
24
0
2
0
27
(1)
26
of which: stage 3
0
0
0
0
0
1
1
0
1
Receivables from securities
 
financing transactions
measured at amortized cost
34,386
11,267
10,483
17,440
1,439
0
75,014
(2)
75,012
of which: stage 1
34,386
11,267
10,483
17,440
1,439
0
75,014
(2)
75,012
Cash collateral receivables on
 
derivative instruments
7,466
13,476
5,878
3,647
47
0
30,514
0
30,514
of which: stage 1
7,466
13,476
5,878
3,647
47
0
30,514
0
30,514
Loans and advances to customers
5,295
232,233
67,620
69,892
21,423
2,148
398,611
(850)
397,761
of which: stage 1
5,295
231,153
65,084
62,796
16,362
0
380,690
(126)
380,564
of which: stage 2
0
1,080
2,536
7,096
5,061
0
15,773
(152)
15,620
of which: stage 3
0
0
0
0
0
2,148
2,148
(572)
1,577
Other financial assets measured at
 
amortized cost
12,564
6,702
321
6,072
394
264
26,318
(109)
26,209
of which: stage 1
12,564
6,693
307
5,863
317
0
25,745
(27)
25,718
of which: stage 2
0
10
13
209
77
0
309
(7)
302
of which: stage 3
0
0
0
0
0
264
264
(76)
189
Total financial assets
 
measured at amortized cost
251,133
278,103
85,472
97,846
23,793
2,414
738,762
(969)
737,794
On-balance sheet financial instruments
Financial assets measured at FVOCI
 
– debt instruments
3,996
4,771
0
77
0
0
8,844
0
8,844
Total on-balance
 
sheet financial instruments
255,130
282,874
85,472
97,923
23,793
2,414
747,606
(969)
746,638
Disclosure Of Off Balance Sheet Positions By Rating Category Explanatory
Off-balance sheet positions subject to expected
 
credit loss by rating category
USD m
31.12.22
Rating category
1
0–1
2–3
4–5
6–8
9–13
Credit-
impaired
(defaulted)
Total off-
balance sheet
exposure
(maximum
exposure to
credit risk)
ECL provisions
Off-balance sheet financial instruments
Guarantees
 
7,252
5,961
4,772
3,049
1,025
108
22,167
(48)
of which: stage 1
7,252
5,917
3,812
2,229
596
0
19,805
(13)
of which: stage 2
0
44
960
821
429
0
2,254
(9)
of which: stage 3
0
0
0
0
0
108
108
(26)
Irrevocable loan commitments
1,770
14,912
6,986
10,097
6,107
124
39,996
(111)
of which: stage 1
1,770
14,789
6,818
9,625
4,529
0
37,531
(59)
of which: stage 2
0
123
168
472
1,578
0
2,341
(52)
of which: stage 3
0
0
0
0
0
124
124
0
Forward starting reverse repurchase
 
and securities borrowing agreements
2,781
2
11
1,007
0
0
3,801
0
Total off-balance sheet
 
financial instruments
11,803
20,874
11,769
14,153
7,132
233
65,964
(159)
Credit lines
Committed unconditionally revocable
 
credit lines
2,288
15,918
9,247
10,162
3,739
36
41,390
(40)
of which: stage 1
2,288
15,213
8,960
9,631
3,429
0
39,521
(32)
of which: stage 2
0
705
287
531
310
0
1,833
(8)
of which: stage 3
0
0
0
0
0
36
36
0
Irrevocable committed prolongation
 
of existing loans
7
1,939
1,489
868
392
2
4,696
(2)
of which: stage 1
7
1,938
1,411
864
380
0
4,600
(2)
of which: stage 2
0
1
78
4
11
0
94
0
of which: stage 3
0
0
0
0
0
2
2
0
Total credit lines
2,295
17,857
10,736
11,030
4,131
37
46,086
(42)
1 Refer to the “Internal UBS rating
 
scale and mapping of external
 
ratings” table in the “Risk
 
management and control”
 
section of this report for
 
more information on rating
 
categories.
Off-balance sheet positions subject to expected
 
credit loss by rating category
USD m
31.12.21
Rating category
1
0–1
2–3
4–5
6–8
9–13
Credit-
impaired
(defaulted)
Total off-
balance sheet
exposure
(maximum
exposure to
credit risk)
ECL provisions
Off-balance sheet financial instruments
Guarantees
 
4,457
7,064
4,535
3,757
1,009
150
20,972
(41)
of which: stage 1
4,457
7,037
4,375
3,075
752
0
19,695
(18)
of which: stage 2
0
27
160
682
258
0
1,127
(8)
of which: stage 3
0
0
0
0
0
150
150
(15)
Irrevocable loan commitments
2,797
14,183
7,651
8,298
6,502
46
39,478
(114)
of which: stage 1
2,797
13,917
7,416
7,127
5,840
0
37,097
(72)
of which: stage 2
0
266
235
1,171
663
0
2,335
(42)
of which: stage 3
0
0
0
0
0
46
46
0
Forward starting reverse repurchase
 
and securities borrowing agreements
0
0
55
1,389
0
0
1,444
0
Total off-balance sheet
 
financial instruments
7,254
21,247
12,241
13,444
7,512
196
61,894
(155)
Credit lines
Committed unconditionally revocable
 
credit lines
2,636
15,594
8,627
9,752
4,107
63
40,778
(38)
of which: stage 1
2,636
15,250
8,304
8,346
3,671
0
38,207
(28)
of which: stage 2
0
344
323
1,406
436
0
2,508
(10)
of which: stage 3
0
0
0
0
0
63
63
0
Irrevocable committed prolongation
 
of existing loans
17
2,438
1,422
1,084
602
48
5,611
(3)
of which: stage 1
17
2,438
1,422
1,082
568
0
5,527
(3)
of which: stage 2
0
0
0
1
34
0
36
0
of which: stage 3
0
0
0
0
0
48
48
0
Total credit lines
2,653
18,032
10,049
10,836
4,709
111
46,390
(41)
1 Refer to the “Internal UBS rating
 
scale and mapping of external
 
ratings” table in the “Risk
 
management and control”
 
section of this report for more
 
information on rating categories.
Scenario Sensitivity Analysis Explanatory
Actual ECL
allowances and
provisions,
including staging
(as per Note 9)
 
Pro forma ECL allowances and provisions,
 
including staging
 
and assuming application of 100% scenario weighting
 
Pro forma ECL
allowances and
provisions,
assuming all
positions being
subject to lifetime
ECL
 
Scenarios
Weighted average
100% Baseline
100% Asset price
inflation
100%
Stagflationary
geopolitical crisis
 
100% Global crisis
 
Weighted average
USD m, except where indicated
Segmentation
Private clients with mortgages
(136)
(25)
(13)
(523)
(184)
(473)
Real estate financing
(43)
(26)
(22)
(176)
(30)
(126)
Large corporate clients
(136)
(97)
(84)
(199)
(174)
(235)
SME clients
(86)
(67)
(66)
(162)
(97)
(153)
Other segments
(125)
(114)
(111)
(145)
(153)
(281)
Total
(526)
(329)
(295)
(1,204)
(638)
(1,267)
  
Scenario Sensitivity Analysis Calculation Change Explanatory
USD m
100% Baseline
100%
Stagflationary
geopolitical crisis
 
100% Global crisis
 
Weighted average
 
Change in key parameters
Fixed income: Government bonds
 
(absolute change)
–0.50%
(3)
(106)
(2)
(14)
+0.50%
4
124
2
17
+1.00%
8
264
10
37
Unemployment rate (absolute change)
–1.00%
(4)
(138)
(24)
(23)
–0.50%
(2)
(78)
(13)
(12)
+0.50%
3
84
16
15
+1.00%
5
179
32
31
Real GDP growth (relative change)
–2.00%
7
13
18
11
–1.00%
3
7
9
5
+1.00%
(3)
(7)
(9)
(5)
+2.00%
(5)
(13)
(18)
(10)
House Price Index (relative change)
–5.00%
15
196
88
56
–2.50%
7
92
40
25
+2.50%
(4)
(83)
(35)
(19)
+5.00%
(7)
(157)
(65)
(36)
Equity (S&P500, EuroStoxx, SMI)
 
(relative change)
–10.00%
4
7
6
5
–5.00%
2
3
3
2
+5.00%
(2)
(4)
(3)
(2)
+10.00%
(4)
(8)
(7)
(5)
  
UBS AG    
Entity [Table]    
Disclosure Of Credit Loss Expense Recovery Explanatory
Credit loss expense
 
/ (release)
USD m
Global
 
Wealth
 
Management
Personal &
 
Corporate
 
Banking
Asset
Management
Investment
 
Bank
Group
 
Functions
Total
For the year ended
 
31.12.22
Stages 1 and 2
(5)
27
0
6
1
29
Stage 3
5
12
0
(18)
2
0
Total credit loss expense /
 
(release)
0
39
0
(12)
3
29
For the year ended
 
31.12.21
Stages 1 and 2
(28)
(62)
0
(34)
0
(123)
Stage 3
(1)
(24)
1
0
0
(25)
Total credit loss expense /
 
(release)
(29)
(86)
1
(34)
0
(148)
For the year ended
 
31.12.20
Stages 1 and 2
48
129
0
88
0
266
Stage 3
40
128
2
217
42
429
Total credit loss expense /
 
(release)
88
257
2
305
42
695
  
Disclosure Of Key Macro Economic Scenario Weights Explanatory
Economic scenarios and weights applied
Assigned weights in %
ECL scenario
31.12.22
31.12.21
Asset price inflation
0.0
5.0
Baseline
60.0
55.0
Mild global interest rate steepening
 
0.0
10.0
Stagflationary geopolitical crisis
25.0
0.0
Global crisis
 
15.0
30.0
  
Disclosure Of Key Macro Economic Variables Explanatory
Scenario assumptions
One year
 
Three years cumulative
 
31.12.22
Asset price
inflation
Baseline
Stagflationary
geopolitical
crisis
 
Global
crisis
 
Asset price
inflation
Baseline
Stagflationary
geopolitical
crisis
 
Global
crisis
 
Real GDP growth (% change)
United States
4.0
(0.3)
(4.8)
(6.4)
9.1
3.2
(4.4)
(1.8)
Eurozone
3.0
0.6
(5.6)
(8.5)
6.2
2.5
(5.7)
(8.3)
Switzerland
3.0
0.7
(4.8)
(6.7)
6.6
3.5
(4.9)
(3.7)
Consumer price index (% change)
 
United States
2.5
2.6
10.0
(0.5)
8.1
6.5
15.8
1.2
Eurozone
2.3
5.0
9.6
(0.7)
7.4
9.6
14.8
(0.7)
Switzerland
2.1
1.6
5.8
(1.8)
6.2
3.9
10.7
(1.6)
Unemployment rate (end-of
 
-period level, %)
United States
3.0
3.9
9.2
10.0
3.0
5.3
11.8
9.4
Eurozone
6.0
7.0
10.9
11.9
6.0
7.1
12.2
13.0
Switzerland
1.7
2.3
4.3
4.4
1.5
2.6
5.1
4.9
Fixed income: 10-year government
 
bonds (change in yields, basis points)
USD
25.0
(5.6)
235.0
(326.0)
70.0
(13.2)
205.0
(291.1)
EUR
20.0
47.8
250.0
(270.6)
57.5
44.7
220.0
(246.5)
CHF
25.0
45.7
220.0
(209.7)
62.5
57.0
205.0
(159.6)
Equity indices (% change)
S&P 500
20.0
7.4
(51.5)
(50.0)
51.7
22.8
(45.6)
(27.9)
EuroStoxx 50
17.0
17.2
(51.6)
(50.0)
42.9
29.2
(47.2)
(39.3)
SPI
14.0
5.6
(51.6)
(46.0)
37.9
19.3
(47.2)
(32.9)
Swiss real estate (% change)
Single-Family Homes
 
6.6
1.1
(16.7)
(19.9)
14.0
2.3
(32.9)
(23.9)
Other real estate (% change)
United States (S&P / Case–Shiller)
7.8
(4.5)
(12.8)
(19.3)
19.1
(0.6)
(35.8)
(32.7)
Eurozone (House Price Index)
7.0
(2.7)
(8.4)
(8.9)
15.4
2.0
(14.7)
(17.5)
Scenario assumptions
One year
 
Three years cumulative
 
31.12.21
Asset price
inflation
Baseline
Mild global
interest rate
steepening
 
Global crisis
 
Asset price
inflation
Baseline
Mild global
interest rate
steepening
 
Global crisis
 
Real GDP growth (% change)
United States
9.1
4.4
(0.1)
(5.9)
17.8
10.1
1.8
(3.8)
Eurozone
9.4
3.9
(0.1)
(8.7)
17.3
7.5
0.9
(10.3)
Switzerland
5.5
2.4
(0.9)
(6.6)
13.1
5.8
(0.1)
(5.7)
Consumer price index (% change)
United States
3.1
2.2
5.7
(1.2)
9.5
6.3
13.0
0.4
Eurozone
2.3
1.4
4.2
(1.3)
8.0
4.8
10.4
(1.7)
Switzerland
1.8
0.3
3.5
(1.8)
6.1
1.7
9.0
(1.6)
Unemployment rate (end-of
 
-period level, %)
United States
3.0
3.9
6.1
10.9
3.0
3.5
7.2
10.8
Eurozone
6.2
7.4
8.7
12.9
6.0
7.2
9.1
15.1
Switzerland
2.3
2.5
3.4
5.2
1.6
2.3
4.2
5.9
Fixed income: 10-year government
 
bonds (change in yields, basis points)
USD
50.0
16.5
259.2
(50.0)
170.0
41.2
329.2
(15.0)
EUR
40.0
11.1
283.8
(35.0)
140.0
34.9
349.3
(25.0)
CHF
50.0
12.1
245.5
(70.0)
150.0
34.4
307.3
(35.0)
Equity indices (% change)
S&P 500
12.0
14.1
(27.0)
(50.2)
35.5
24.7
(21.8)
(40.1)
EuroStoxx 50
16.0
12.3
(23.4)
(57.6)
41.6
20.7
(19.9)
(50.4)
SPI
14.0
12.1
(22.9)
(53.6)
37.9
19.1
(19.6)
(44.2)
Swiss real estate (% change)
Single-Family Homes
 
5.1
4.4
(4.3)
(17.0)
15.5
7.4
(8.8)
(30.0)
Other real estate (% change)
United States (S&P / Case–Shiller)
10.0
3.5
(2.3)
(9.5)
21.7
7.1
(8.7)
(26.3)
Eurozone (House Price Index)
8.4
5.1
(4.0)
(5.4)
17.8
9.6
(7.6)
(10.8)
Disclosure Of Credit Risk Exposure Movement Explanatory
Development of ECL allowances
 
and provisions
USD m
Total
Stage 1
Stage 2
Stage 3
Balance as of 31 December 2021
(1,165)
(282)
(220)
(662)
Net movement from new and derecognized
 
transactions
1
(7)
(21)
16
(2)
of which: Private clients with mortgages
(6)
(6)
0
0
of which: Real estate financing
(3)
(5)
2
0
of which: Large corporate clients
8
(1)
11
(2)
of which: SME clients
(1)
(1)
0
0
of which: Other
(6)
(8)
3
0
 
of which: Financial intermediaries and hedge
 
funds
0
(2)
2
0
 
of which: Loans to financial advisors
0
0
0
0
Remeasurements with stage transfers
2
(65)
20
(39)
(46)
of which: Private clients with mortgages
(10)
3
(12)
0
of which: Real estate financing
7
(1)
8
0
of which: Large corporate clients
(33)
16
(28)
(21)
of which: SME clients
(23)
2
(2)
(22)
of which: Other
(6)
1
(4)
(3)
 
of which: Financial intermediaries and hedge
 
funds
0
0
0
0
 
of which: Loans to financial advisors
1
2
(1)
0
Remeasurements without
 
stage transfers
3
13
(8)
(27)
48
of which: Private clients with mortgages
(12)
5
(18)
1
of which: Real estate financing
13
3
10
0
of which: Large corporate clients
32
(11)
2
41
of which: SME clients
(6)
(10)
(9)
14
of which: Other
(15)
5
(12)
(8)
 
of which: Sovereigns
(8)
0
(8)
0
 
of which: Loans to financial advisors
(3)
3
(1)
(6)
Model changes
4
30
29
1
0
Movements with profit or loss impact
5
(29)
20
(49)
0
Movements without profit or loss impact
 
(write-off,
 
FX and other)
6
104
3
1
99
Balance as of 31 December 2022
(1,091)
(260)
(267)
(564)
1 Represents
 
the increase
 
and decrease
 
in allowances
 
and provisions
 
resulting from
 
financial instruments
 
(including guarantee
 
s
 
and facilities)
 
that were
 
newly originated,
 
purchased or
 
renewed and
 
from the
 
final
derecognition of loans or facilities on their maturity date or earlier.
 
2 Represents the remeasurement between 12
 
-month and lifetime ECL due to stage transfers.
 
3 Represents the change in allowances and provisions
related to
 
changes
 
in model
 
inputs
 
or assumptions,
 
including
 
changes
 
in forward
 
-looking
 
macroeconomic
 
conditions,
 
changes
 
in the
 
exposure
 
profile,
 
PD and
 
LGD
 
changes,
 
and
 
unwinding
 
of the
 
time
 
value.
 
4 Represents the change in the allowances
 
and provisions related to changes
 
in models and methodologies.
 
5 Includes ECL movements
 
from new and derecognized transactions,
 
remeasurement changes,
 
model and
methodology changes.
 
6 Represents
 
the decrease
 
in allowances
 
and provisions
 
resulting from
 
write-offs of
 
the ECL
 
allowance
 
against the
 
gross carrying
 
amount when
 
all or
 
part of
 
a financial
 
asset is
 
deemed
uncollectible or forgiven and
 
movements in foreign exchange
 
rates.
Development of ECL allowances
 
and provisions
USD m
Total
Stage 1
Stage 2
Stage 3
Balance as of 31 December 2020
(1,468)
(306)
(333)
(829)
Net movement from new and derecognized
 
transactions
1
(59)
(72)
13
0
of which: Private clients with mortgages
(7)
(10)
3
0
of which: Real estate financing
(7)
(11)
4
0
of which: Large corporate clients
(13)
(21)
7
0
of which: SME clients
(8)
(8)
0
0
of which: Other
(24)
(23)
(2)
0
 
of which: Financial intermediaries and hedge
 
funds
(21)
(18)
(4)
0
 
of which: Loans to financial advisors
0
(1)
1
0
Remeasurements with stage transfers
2
(40)
8
0
(49)
of which: Private clients with mortgages
(9)
4
(13)
0
of which: Real estate financing
(3)
1
(4)
0
of which: Large corporate clients
2
(2)
12
(8)
of which: SME clients
(27)
5
4
(36)
of which: Other
(3)
0
2
(4)
 
of which: Financial intermediaries and hedge
 
funds
2
(1)
3
0
 
of which: Loans to financial advisors
0
1
(1)
0
Remeasurements without
 
stage transfers
3
203
55
74
74
of which: Private clients with mortgages
33
8
26
(1)
of which: Real estate financing
30
13
13
3
of which: Large corporate clients
44
5
21
17
of which: SME clients
53
(1)
1
53
of which: Other
44
29
14
2
 
of which: Financial intermediaries and hedge
 
funds
27
15
12
0
 
of which: Loans to financial advisors
6
8
1
(3)
Model changes
4
45
29
16
0
Movements with profit or loss impact
5
148
19
104
25
Movements without profit or loss impact
 
(write-off, FX
 
and other)
6
154
5
9
141
Balance as of 31 December 2021
(1,165)
(282)
(220)
(662)
1 Represents
 
the increase
 
and decrease
 
in allowances
 
and provisions
 
resulting from
 
financial instruments
 
(including guarantee
 
s
 
and facilities)
 
that were
 
newly originated,
 
purchased or
 
renewed and
 
from the
 
final
derecognition of loans or facilities on their maturity date or earlier.
 
2 Represents the remeasurement between 12
 
-month and lifetime ECL due to stage transfers.
 
3 Represents the change in allowances and provisions
related to
 
changes
 
in model
 
inputs
 
or assumptions,
 
including
 
changes
 
in forward
 
-looking
 
macroeconomic
 
conditions,
 
changes
 
in the
 
exposure
 
profile,
 
PD and
 
LGD
 
changes,
 
and
 
unwinding
 
of the
 
time
 
value.
 
4 Represents the change in the allowances
 
and provisions related to changes
 
in models and methodologies.
 
5 Includes ECL movements
 
from new and derecognized
 
transactions, remeasurement
 
changes, model and
methodology changes.
 
6 Represents
 
the decrease
 
in allowa
 
nces and
 
provisions resulting
 
from write
 
-offs of
 
the ECL
 
allowance
 
against the
 
gross carrying
 
amount when
 
all or
 
part of
 
a financial
 
asset is
 
deemed
uncollectible or forgiven and
 
movements in foreign exchange
 
rates.
Disclosure Of Credit Risk Exposure Categories Explanatory
ECL stage 2 (“significant deterioration
 
in credit risk”) allowances / provisions
 
as of 31 December 2022 – classification by trigger
USD m
Stage 2
of which:
PD layer
of which:
watch list
of which:
≥30 days
 
past due
On-
 
and off-balance sheet
 
(267)
(196)
(21)
(50)
of which: Private clients with mortgages
(107)
(83)
0
(25)
of which: Real estate financing
(23)
(18)
0
(5)
of which: Large corporate clients
(65)
(51)
(13)
0
of which: SME clients
(37)
(22)
(7)
(7)
of which: Financial intermediaries and hedge
 
funds
(17)
(17)
0
0
of which: Loans to financial advisors
(2)
0
0
(2)
of which: Credit cards
(12)
0
0
(12)
of which: Other
(5)
(5)
0
0
  
Disclosure Of Maximum Exposure To Credit Risk Explanatory
Maximum exposure to credit
 
risk
 
31.12.22
Collateral
1,2
Credit enhancements
1
Exposure to
credit risk
after collateral
and credit
enhancements
USD bn
Maximum
exposure to
credit risk
Cash
collateral
received
Collateralized
by equity and
debt
instruments
Secured by
real estate
Other
collateral
3
Netting
Credit
derivative
contracts
Guarantees
 
Financial assets measured at
 
amortized cost on the balance sheet
Cash and balances at central banks
169.4
169.4
Loans and advances to banks
4
14.7
0.0
0.1
14.6
Receivables from securities financing transactions
measured at amortized cost
67.8
0.0
64.5
2.4
0.9
Cash collateral receivables on derivative
 
instruments
5,6
35.0
22.9
12.1
Loans and advances to customers
390.0
36.1
115.9
197.8
19.6
3.0
17.6
Other financial assets measured at amortized cost
53.4
0.1
0.5
0.0
1.3
51.4
Total financial assets
 
measured at amortized cost
730.4
36.2
181.0
197.9
23.4
22.9
0.0
3.0
266.1
Financial assets measured at
 
fair value
 
through other comprehensive income – debt
2.2
2.2
Total maximum exposure to
 
credit risk
 
reflected on the balance sheet within
 
the scope of ECL
732.6
36.2
181.0
197.9
23.4
22.9
0.0
3.0
268.3
Guarantees
7
22.1
1.2
9.3
0.1
2.0
1.8
7.7
Loan commitments
7
39.9
0.2
3.1
1.3
6.5
0.1
1.0
27.8
Forward starting transactions,
 
reverse repurchase
and securities borrowing agreements
3.8
3.8
0.0
Committed unconditionally revocable credit lines
43.6
0.2
8.2
6.0
6.2
0.5
22.5
Total maximum exposure to
 
credit risk not
 
reflected on the balance sheet within
 
the scope of ECL
109.4
1.6
24.4
7.5
14.7
0.0
0.1
3.3
58.0
31.12.21
Collateral
1,2
Credit enhancements
1
Exposure to
credit risk
after collateral
and credit
enhancements
USD bn
Maximum
exposure to
credit risk
Cash
collateral
received
Collateralized
by equity and
debt
instruments
Secured by
real estate
Other
collateral
3
Netting
Credit
derivative
contracts
Guarantees
 
Financial assets measured at
 
amortized cost on the balance sheet
Cash and balances at central banks
192.8
192.8
Loans and advances to banks
4
15.4
0.1
0.1
15.1
Receivables from securities financing transactions
measured at amortized cost
75.0
0.0
68.0
6.9
0.0
Cash collateral receivables on derivative
 
instruments
5,6
30.5
18.4
12.1
Loans and advances to customers
398.7
38.2
128.7
191.3
20.2
4.0
16.4
Other financial assets measured at amortized cost
26.2
0.2
0.1
0.0
1.3
24.7
Total financial assets
 
measured at amortized cost
738.6
38.4
196.9
191.3
28.4
18.4
0.0
4.0
261.1
Financial assets measured at
 
fair value
 
through other comprehensive income – debt
8.8
8.8
Total maximum exposure to
 
credit risk
 
reflected on the balance sheet within
 
the scope of ECL
747.5
38.4
196.9
191.3
28.4
18.4
0.0
4.0
270.0
Guarantees
7
20.9
1.3
6.5
0.2
2.5
2.3
8.1
Loan commitments
7
39.4
0.5
4.0
2.4
7.3
0.3
1.7
23.1
Forward starting transactions,
 
reverse repurchase
and securities borrowing agreements
1.4
1.4
0.0
Committed unconditionally revocable credit lines
42.3
0.3
9.0
6.2
3.9
0.5
22.5
Total maximum exposure to
 
credit risk not
 
reflected on the balance sheet within
 
the scope of ECL
104.1
2.2
20.9
8.7
13.7
0.0
0.3
4.5
53.7
1 Of which: USD
1,372
m for 31 December 2022 (31 December
 
2021: USD
1,443
m) relates to total credit-impaired financial
 
assets measured at amortized cost and USD
113
m for 31 December 2022 (31 December
 
2021:
USD
130
m) to total off-balance sheet financial instruments and credit
 
lines for credit-impaired positions.
 
2 Collateral arrangements
 
generally incorporate a range of collateral, including
 
cash, equity and debt instruments,
real estate and
 
other collateral.
 
UBS AG applies
 
a risk-based
 
approach that
 
generally
 
prioritizes collateral
 
according to its
 
liquidity profile.
 
3 Includes but is
 
not limited to life
 
insurance contracts,
 
inventory,
 
mortgage
loans, gold
 
and other
 
commodities.
 
4 Loans
 
and advances
 
to banks
 
include amounts
 
held with third
 
-party banks
 
on behalf
 
of clients.
 
The credit
 
risk associated
 
with these
 
balances may
 
be borne
 
by those clients.
 
5 Included within Cash
 
collateral receivables
 
on derivative
 
instruments are
 
margin balances
 
due from exchanges
 
or clearing houses.
 
Some of these
 
margin balances
 
reflect amounts
 
transferred on
 
behalf of clients
 
who
retain the associated
 
credit risk.
 
6 The amount
 
shown in the
 
“Netting” column represents
 
the netting
 
potential not recognized
 
on the balance sheet.
 
Refer to Note 21
 
for more information.
 
7 The amount
 
shown in
the “Guarantees” column includes
 
sub-participations.
  
Disclosure Of Internal Credit Exposures Explanatory
Financial assets subject to credit risk by
 
rating category
USD m
31.12.22
Rating category
1
0–1
2–3
4–5
6–8
9–13
Credit-
impaired
(defaulted)
Total gross
carrying
amount
ECL
allowances
Net carrying
amount
(maximum
exposure to
credit risk)
Financial assets measured at amortized
 
cost
Cash and balances at central banks
168,525
877
0
0
56
0
169,457
(12)
169,445
of which: stage 1
168,525
877
0
0
0
0
169,402
0
169,402
of which: stage 2
0
0
0
0
56
0
56
(12)
44
Loans and advances to banks
862
11,150
832
996
837
0
14,676
(6)
14,671
of which: stage 1
862
11,150
832
996
836
0
14,675
(5)
14,670
of which: stage 2
0
0
0
0
1
0
1
(1)
1
of which: stage 3
0
0
0
0
0
0
0
0
0
Receivables from securities
 
financing transactions measured at
amortized cost
27,158
15,860
8,870
15,207
721
0
67,816
(2)
67,814
of which: stage 1
27,158
15,860
8,870
15,207
721
0
67,816
(2)
67,814
Cash collateral receivables on
 
derivative instruments
10,613
12,978
7,138
4,157
147
0
35,034
0
35,033
of which: stage 1
10,613
12,978
7,138
4,157
147
0
35,034
0
35,033
Loans and advances to customers
6,491
216,824
68,444
76,147
20,891
2,012
390,810
(783)
390,027
of which: stage 1
6,491
215,332
66,202
69,450
15,557
0
373,032
(129)
372,903
of which: stage 2
0
1,493
2,242
6,698
5,334
0
15,767
(180)
15,587
of which: stage 3
0
0
0
0
0
2,012
2,012
(474)
1,538
Other financial assets measured at
 
amortized cost
29,011
16,649
447
6,708
450
210
53,475
(86)
53,389
of which: stage 1
29,011
16,646
427
6,426
336
0
52,846
(17)
52,829
of which: stage 2
0
2
20
283
114
0
419
(6)
413
of which: stage 3
0
0
0
0
0
210
210
(63)
147
Total financial assets
 
measured at amortized cost
242,660
274,337
85,731
103,216
23,102
2,222
731,269
(890)
730,379
On-balance sheet financial instruments
Financial assets measured at FVOCI
 
– debt instruments
1,307
840
0
92
0
0
2,239
0
2,239
Total on-balance
 
sheet financial instruments
243,966
275,178
85,731
103,308
23,102
2,222
733,508
(890)
732,618
Financial assets subject to credit risk by
 
rating category
USD m
31.12.21
Rating category
1
0–1
2–3
4–5
6–8
9–13
Credit-
impaired
(defaulted)
Total gross
carrying
amount
ECL
allowances
Net carrying
amount
(maximum
exposure to
credit risk)
Financial assets measured at amortized
 
cost
Cash and balances at central banks
191,015
1,802
0
0
0
0
192,817
0
192,817
of which: stage 1
191,015
1,802
0
0
0
0
192,817
0
192,817
Loans and advances to banks
407
12,552
1,123
795
490
1
15,368
(8)
15,360
of which: stage 1
407
12,552
1,098
795
488
0
15,340
(7)
15,333
of which: stage 2
0
0
24
0
2
0
27
(1)
26
of which: stage 3
0
0
0
0
0
1
1
0
1
Receivables from securities
 
financing transactions
measured at amortized cost
34,386
11,267
10,483
17,440
1,439
0
75,014
(2)
75,012
of which: stage 1
34,386
11,267
10,483
17,440
1,439
0
75,014
(2)
75,012
Cash collateral receivables on
 
derivative instruments
7,466
13,476
5,878
3,647
47
0
30,514
0
30,514
of which: stage 1
7,466
13,476
5,878
3,647
47
0
30,514
0
30,514
Loans and advances to customers
5,295
232,663
67,620
70,394
21,423
2,148
399,543
(850)
398,693
of which: stage 1
5,295
231,583
65,083
63,298
16,362
0
381,622
(126)
381,496
of which: stage 2
0
1,080
2,536
7,096
5,061
0
15,773
(152)
15,620
of which: stage 3
0
0
0
0
0
2,148
2,148
(572)
1,577
Other financial assets measured at
 
amortized cost
12,564
6,705
321
6,097
394
264
26,346
(109)
26,236
of which: stage 1
12,564
6,696
307
5,887
317
0
25,772
(27)
25,746
of which: stage 2
0
10
13
209
77
0
309
(7)
302
of which: stage 3
0
0
0
0
0
264
264
(76)
189
Total financial assets
 
measured at amortized cost
251,133
278,465
85,424
98,372
23,793
2,414
739,601
(969)
738,632
On-balance sheet financial instruments
Financial assets measured at FVOCI
 
– debt instruments
3,996
4,771
0
77
0
0
8,844
0
8,844
Total on-balance
 
sheet financial instruments
255,130
283,236
85,424
98,449
23,793
2,414
748,445
(969)
747,477
Disclosure Of Off Balance Sheet Positions By Rating Category Explanatory
Off-balance sheet positions subject to expected
 
credit loss by rating category
USD m
31.12.22
Rating category
1
0–1
2–3
4–5
6–8
9–13
Credit-
impaired
(defaulted)
Total off-
balance sheet
exposure
(maximum
exposure to
credit risk)
ECL provisions
Off-balance sheet financial instruments
Guarantees
 
7,252
5,961
4,772
3,049
1,025
108
22,167
(48)
of which: stage 1
7,252
5,917
3,812
2,229
596
0
19,805
(13)
of which: stage 2
0
44
960
821
429
0
2,254
(9)
of which: stage 3
0
0
0
0
0
108
108
(26)
Irrevocable loan commitments
1,770
14,912
6,986
10,097
6,107
124
39,996
(111)
of which: stage 1
1,770
14,789
6,818
9,625
4,529
0
37,531
(59)
of which: stage 2
0
123
168
472
1,578
0
2,341
(52)
of which: stage 3
0
0
0
0
0
124
124
0
Forward starting reverse repurchase
 
and securities borrowing agreements
2,781
2
11
1,007
0
0
3,801
0
Total off-balance sheet
 
financial instruments
11,803
20,874
11,769
14,153
7,132
233
65,964
(159)
Credit lines
Committed unconditionally revocable
 
credit lines
2,288
16,483
9,247
11,885
3,739
36
43,677
(40)
of which: stage 1
2,288
15,777
8,960
11,355
3,429
0
41,809
(32)
of which: stage 2
0
705
287
531
310
0
1,833
(8)
of which: stage 3
0
0
0
0
0
36
36
0
Irrevocable committed prolongation
 
of existing loans
7
1,939
1,489
868
392
2
4,696
(2)
of which: stage 1
7
1,938
1,411
864
380
0
4,600
(2)
of which: stage 2
0
1
78
4
11
0
94
0
of which: stage 3
0
0
0
0
0
2
2
0
Total credit lines
2,295
18,421
10,736
12,753
4,131
37
48,373
(42)
1 Refer to the “Internal UBS rating
 
scale and mapping of external
 
ratings” table in the “Risk
 
management and control”
 
section of this report for more
 
information on rating categories.
Off-balance sheet positions subject to expected
 
credit loss by rating category
USD m
31.12.21
Rating category
1
0–1
2–3
4–5
6–8
9–13
Credit-
impaired
(defaulted)
Total off-
balance sheet
exposure
(maximum
exposure to
credit risk)
ECL provisions
Off-balance sheet financial instruments
Guarantees
 
4,457
7,064
4,535
3,757
1,009
150
20,972
(41)
of which: stage 1
4,457
7,037
4,375
3,075
752
0
19,695
(18)
of which: stage 2
0
27
160
682
258
0
1,127
(8)
of which: stage 3
0
0
0
0
0
150
150
(15)
Irrevocable loan commitments
2,797
14,183
7,651
8,298
6,502
46
39,478
(114)
of which: stage 1
2,797
13,917
7,416
7,127
5,840
0
37,097
(72)
of which: stage 2
0
266
235
1,171
663
0
2,335
(42)
of which: stage 3
0
0
0
0
0
46
46
0
Forward starting reverse repurchase
 
and securities borrowing agreements
0
0
55
1,389
0
0
1,444
0
Total off balance
 
sheet financial instruments
7,254
21,247
12,241
13,444
7,512
196
61,894
(155)
Credit lines
Committed unconditionally revocable
 
credit lines
2,636
16,811
8,627
10,130
4,107
63
42,373
(38)
of which: stage 1
2,636
16,467
8,304
8,724
3,671
0
39,802
(28)
of which: stage 2
0
344
323
1,406
436
0
2,508
(10)
of which: stage 3
0
0
0
0
0
63
63
0
Irrevocable committed prolongation
 
of existing loans
17
2,438
1,422
1,084
602
48
5,611
(3)
of which: stage 1
17
2,438
1,422
1,082
568
0
5,527
(3)
of which: stage 2
0
0
0
1
34
0
36
0
of which: stage 3
0
0
0
0
0
48
48
0
Total credit lines
2,653
19,249
10,049
11,214
4,709
111
47,984
(41)
1 Refer to the “Internal UBS rating
 
scale and mapping of external
 
ratings” table in the “Risk
 
management and control”
 
section of this report for more
 
information on rating
 
categories.
Scenario Sensitivity Analysis Explanatory
Actual ECL
allowances and
provisions,
including staging
(as per Note 9)
 
Pro forma ECL allowances and provisions,
 
including staging
 
and assuming application of 100% scenario weighting
 
Pro forma ECL
allowances and
provisions,
assuming all
positions being
subject to lifetime
ECL
 
Scenarios
Weighted average
100% Baseline
100% Asset price
inflation
100%
Stagflationary
geopolitical crisis
 
100% Global crisis
 
Weighted average
USD m, except where indicated
Segmentation
Private clients with mortgages
(136)
(25)
(13)
(523)
(184)
(473)
Real estate financing
(43)
(26)
(22)
(176)
(30)
(126)
Large corporate clients
(136)
(97)
(84)
(199)
(174)
(235)
SME clients
(86)
(67)
(66)
(162)
(97)
(153)
Other segments
(125)
(114)
(111)
(145)
(153)
(281)
Total
(526)
(329)
(295)
(1,204)
(638)
(1,267)
  
Scenario Sensitivity Analysis Calculation Change Explanatory
USD m
100% Baseline
100%
Stagflationary
geopolitical crisis
 
100% Global crisis
 
Weighted average
 
Change in key parameters
Fixed income: Government bonds
 
(absolute change)
–0.50%
(3)
(106)
(2)
(14)
+0.50%
4
124
2
17
+1.00%
8
264
10
37
Unemployment rate (absolute change)
–1.00%
(4)
(138)
(24)
(23)
–0.50%
(2)
(78)
(13)
(12)
+0.50%
3
84
16
15
+1.00%
5
179
32
31
Real GDP growth (relative change)
–2.00%
7
13
18
11
–1.00%
3
7
9
5
+1.00%
(3)
(7)
(9)
(5)
+2.00%
(5)
(13)
(18)
(10)
House Price Index (relative change)
–5.00%
15
196
88
56
–2.50%
7
92
40
25
+2.50%
(4)
(83)
(35)
(19)
+5.00%
(7)
(157)
(65)
(36)
Equity (S&P500, EuroStoxx, SMI)
 
(relative change)
–10.00%
4
7
6
5
–5.00%
2
3
3
2
+5.00%
(2)
(4)
(3)
(2)
+10.00%
(4)
(8)
(7)
(5)