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Related parties (Tables)
12 Months Ended
Dec. 31, 2023
Remuneration  
Disclosure Of Transactions Between Related Parties [Line Items]  
Disclosure Of Transactions Between Related Parties Explanatory
 
 
 
 
 
 
 
 
 
 
Remuneration of key management
 
personnel
USD m, except where indicated
31.12.23
31.12.22
31.12.21
Base salaries and other cash payments
1
35
27
31
Incentive awards – cash
2
24
17
17
Annual incentive award under DCCP
36
25
26
Employer’s contributions to retirement benefit plans
3
2
3
Benefits in kind, fringe benefits (at market value)
1
1
1
Share-based compensation
3
63
45
45
Total
162
118
124
Total (CHF m)
4
147
114
113
1 May include role-based allowances in line
 
with market practice and regulatory requirements.
 
2 The cash portion may also include
 
blocked shares in line with regulatory
 
requirements.
 
3 Compensation expense
is based on the
 
share price on grant
 
date taking into account
 
performance conditions. Refer
 
to Note 28 for
 
more information. For
 
GEB members, share-based
 
compensation for 2023, 2022
 
and 2021 was
 
entirely
composed of LTIP awards. For
 
the Chairman of the BoD the share-based compensation for 2023, 2022 and 2021 was entirely composed of UBS shares.
 
4 Swiss franc amounts disclosed represent the respective US
dollar amounts translated at the applicable performance award currency exchange rates (2023: USD /
 
CHF
0.91
; 2022: USD / CHF
0.96
; 2021: USD / CHF
0.92
).
Equity holdings  
Disclosure Of Transactions Between Related Parties [Line Items]  
Disclosure Of Transactions Between Related Parties Explanatory
 
 
 
Equity holdings of key management personnel
1
31.12.23
31.12.22
Number of UBS Group AG shares held by members of the
 
BoD, GEB and parties closely linked to them
2
5,121,564
3,009,686
1 No options were held in 2023 and 2022 by non-independent members
 
of the BoD and any GEB member or any of its related
 
parties.
 
2 Excludes shares granted under variable
 
compensation plans with forfeiture
provisions.
Key management personnel | Loans, advances and mortgages  
Disclosure Of Transactions Between Related Parties [Line Items]  
Disclosure Of Transactions Between Related Parties Explanatory
 
 
 
 
 
Loans, advances and mortgages to key management
 
personnel
1
USD m, except where indicated
2023
2022
Balance at the beginning of the year
33
34
Balance at the end of the year
2
61
33
Balance at the end of the year (CHF m)
2,3
52
31
1 All loans are secured loans.
 
2 There were USD
14
m (CHF
12
m) unused uncommitted credit facilities as of 31 December 2023 and no unused uncommitted credit facilities as of 31 December 2022.
 
3 Swiss franc
amounts disclosed represent the respective US dollar amounts translated at the relevant year-end
 
closing exchange rate.
Associates and joint ventures | Loans, advances and mortgages  
Disclosure Of Transactions Between Related Parties [Line Items]  
Disclosure Of Transactions Between Related Parties Explanatory
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans to and outstanding receivables from associates
 
and joint ventures
USD m
2023
2022
Carrying amount at the beginning of the year
217
251
Additions
824
402
Reductions
(796)
(438)
Foreign currency translation
26
1
Carrying amount at the end of the year
271
217
of which: unsecured loans and receivables
263
209
Other transactions with associates and
 
joint ventures
As of or for the year ended
USD m
31.12.23
31.12.22
Payments to associates and joint ventures for goods and services
 
received
190
138
Fees received for services provided to associates and joint ventures
24
4
Liabilities to associates and joint ventures
106
90
Commitments and contingent liabilities to associates
 
and joint ventures
11
7