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Expected credit loss measurement (Tables)
 6 Months Ended
Jun. 30, 2024
Disclosure Of Financial Assets [Line Item]  
Credit loss expense recovery
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Credit loss expense / (release)
Performing positions
Credit-impaired positions
USD m
Stages 1 and 2
Stage 3
Purchased
 
Total
For the quarter ended 30.6.24
Global Wealth Management
(13)
12
0
(1)
Personal & Corporate Banking
(15)
132
(14)
103
Asset Management
0
0
0
0
Investment Bank
7
(14)
1
(6)
Non-core and Legacy
(1)
3
(2)
(1)
Group Items
0
0
0
0
Total
(22)
132
(15)
95
For the quarter ended 31.3.24
Global Wealth Management
(12)
7
2
(3)
Personal & Corporate Banking
(13)
64
(7)
44
Asset Management
0
0
0
0
Investment Bank
7
26
(1)
32
Non-core and Legacy
(26)
37
25
36
Group Items
(2)
0
0
(2)
Total
(45)
133
18
106
For the quarter ended 30.6.23
1
Global Wealth Management
134
9
7
149
Personal & Corporate Banking
193
28
0
221
Asset Management
1
0
0
1
Investment Bank
134
(4)
1
132
Non-core and Legacy
74
44
0
119
Group Items
2
0
0
2
Total
537
77
8
623
1 Comparative-period information
 
has been restated
 
for changes in business
 
division perimeters. Refer
 
to “Changes to segment
 
reporting in 2024”
 
in the “UBS business
 
divisions and Group
 
Items” section of
 
the
UBS Group first quarter 2024 report, available under “Quarterly reporting” at ubs.com/investors,
 
and Note 3 for more information.
Key macro economic variables
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Comparison of shock factors
Baseline
Key parameters
2023
2024
2025
Real GDP growth (annual percentage change)
US
 
2.5
2.3
1.4
Eurozone
0.6
0.6
1.2
Switzerland
0.7
1.3
1.5
Unemployment rate (%, annual average)
US
 
3.6
4.0
4.2
Eurozone
6.6
6.6
6.8
Switzerland
2.0
2.4
2.6
Fixed income: 10-year government bonds (%, Q4)
USD
3.9
4.3
4.2
EUR
2.0
2.5
2.4
CHF
0.7
0.6
0.6
Real estate (annual percentage change, Q4)
US
 
5.2
3.7
2.3
Eurozone
(1.0)
1.0
3.4
Switzerland
0.1
1.0
2.5
Economic scenarios and weights applied
Assigned weights in %
ECL scenario
30.6.24
31.3.24
30.6.23
Baseline
60.0
60.0
60.0
Mild debt crisis
 
15.0
15.0
15.0
Stagflationary geopolitical crisis
25.0
25.0
25.0
Credit risk exposure
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
USD m
30.6.24
Carrying amount
1
ECL allowances
2
Financial instruments measured at amortized cost
Total
Stage 1
Stage 2
Stage 3
PCI
Total
Stage 1
Stage 2
Stage 3
PCI
Cash and balances at central banks
248,336
248,244
16
0
76
(60)
(1)
(27)
0
(32)
Amounts due from banks
21,959
21,627
319
0
13
(28)
(6)
0
0
(22)
Receivables from securities financing transactions measured at
amortized cost
82,028
82,028
0
0
0
(2)
(2)
0
0
0
Cash collateral receivables on derivative instruments
43,637
43,637
0
0
0
0
0
0
0
0
Loans and advances to customers
599,105
569,476
25,249
3,287
1,093
(1,743)
(355)
(298)
(937)
(153)
of which: Private clients with mortgages
252,724
241,499
10,077
1,062
86
(167)
(57)
(77)
(30)
(3)
of which: Real estate financing
86,854
82,018
4,507
243
86
(53)
(28)
(31)
(2)
8
of which: Large corporate clients
28,773
23,888
3,829
700
357
(526)
(93)
(94)
(272)
(67)
of which: SME clients
23,406
19,585
2,531
1,049
241
(515)
(60)
(38)
(414)
(3)
of which: Lombard
148,268
147,272
875
54
66
(41)
(6)
(2)
(16)
(16)
of which: Credit cards
1,927
1,479
408
40
0
(41)
(6)
(11)
(25)
0
of which: Commodity trade finance
5,792
5,556
222
11
2
(125)
(19)
(2)
(104)
0
of which: Ship / aircraft financing
8,284
7,846
421
3
15
(44)
(38)
(4)
0
(2)
of which: Consumer financing
2,902
2,703
119
39
41
(68)
(20)
(21)
(27)
0
Other financial assets measured at amortized cost
60,431
59,710
533
171
16
(131)
(34)
(8)
(84)
(5)
of which: Loans to financial advisors
2,601
2,408
83
110
0
(47)
(4)
(1)
(41)
0
Total financial assets measured at amortized cost
1,055,494
1,024,721
26,117
3,458
1,198
(1,964)
(397)
(333)
(1,021)
(212)
Financial assets measured at fair value through other comprehensive
income
2,167
2,167
0
0
0
0
0
0
0
0
Total on-balance sheet financial assets in scope of ECL requirements
1,057,661
1,026,888
26,117
3,458
1,198
(1,964)
(397)
(333)
(1,021)
(212)
Total exposure
ECL provisions
2
Off-balance sheet (in scope of ECL)
Total
Stage 1
Stage 2
Stage 3
PCI
Total
Stage 1
Stage 2
Stage 3
PCI
Guarantees
40,759
39,176
1,382
159
44
(63)
(25)
(14)
(26)
2
of which: Large corporate clients
8,290
7,390
820
67
15
(24)
(10)
(8)
(7)
0
of which: SME clients
2,540
2,153
287
77
22
(10)
(5)
(3)
(4)
2
of which: Financial intermediaries and hedge funds
 
21,270
21,080
189
0
0
(11)
(8)
(3)
0
0
of which: Lombard
3,895
3,872
10
13
0
(4)
0
0
(4)
0
of which: Commodity trade finance
1,642
1,628
13
0
0
(1)
(1)
0
0
0
Irrevocable loan commitments
81,867
77,447
4,236
145
39
(147)
(104)
(43)
(6)
6
of which: Large corporate clients
46,697
42,890
3,699
73
34
(126)
(84)
(36)
(6)
0
Forward starting reverse repurchase and securities borrowing
agreements
9,724
9,724
0
0
0
0
0
0
0
0
Unconditionally revocable loan commitments
148,932
146,532
2,154
245
0
(81)
(69)
(12)
0
0
of which: Real estate financing
11,705
11,154
552
0
0
(7)
(7)
0
0
0
of which: Large corporate clients
16,000
15,677
314
9
0
(23)
(16)
(4)
(2)
0
of which: SME clients
11,002
10,575
346
80
0
(34)
(29)
(5)
0
0
of which: Lombard
60,962
60,934
26
1
0
0
0
0
0
0
of which: Credit cards
10,056
9,576
477
4
0
(8)
(6)
(2)
0
0
Irrevocable committed prolongation of existing loans
3,329
3,319
7
2
0
(2)
(2)
0
0
0
Total off-balance sheet financial instruments and other credit lines
284,611
276,199
7,779
551
83
(294)
(200)
(70)
(31)
8
Total allowances and provisions
(2,258)
(597)
(404)
(1,053)
(204)
1 The carrying amount of financial assets measured at amortized cost represents the total gross exposure net of the respective
 
ECL allowances.
 
2 Negative balances are representative of a net improvement in
credit quality since the acquisition of the respective financial instrument, which is reflected as a negative ECL allowance.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
USD m
31.3.24
Carrying amount
1,2
ECL allowances
3
Financial instruments measured at amortized cost
Total
Stage 1
Stage 2
Stage 3
PCI
Total
Stage 1
Stage 2
Stage 3
PCI
Cash and balances at central banks
271,439
271,378
17
0
43
(55)
0
(25)
0
(30)
Amounts due from banks
22,128
22,027
65
0
36
(24)
(6)
0
0
(18)
Receivables from securities financing transactions measured at
amortized cost
101,650
101,650
0
0
0
(2)
(2)
0
0
0
Cash collateral receivables on derivative instruments
46,714
46,714
0
0
0
0
0
0
0
0
Loans and advances to customers
605,108
571,400
28,773
3,742
1,194
(1,700)
(362)
(284)
(920)
(134)
of which: Private clients with mortgages
251,891
239,416
11,319
923
233
(196)
(55)
(92)
(39)
(10)
of which: Real estate financing
90,220
84,485
5,444
179
111
(64)
(27)
(28)
(9)
0
of which: Large corporate clients
29,008
23,954
3,917
689
447
(580)
(91)
(83)
(318)
(87)
of which: SME clients
24,276
20,506
2,745
951
74
(442)
(64)
(32)
(335)
(11)
of which: Lombard
150,759
149,153
931
549
126
(61)
(7)
(1)
(41)
(12)
of which: Credit cards
1,840
1,402
399
38
0
(40)
(6)
(10)
(23)
0
of which: Commodity trade finance
5,358
5,169
165
11
12
(123)
(17)
(2)
(104)
0
of which: Ship / aircraft financing
8,777
7,998
776
3
0
(47)
(40)
(7)
0
0
of which: Consumer financing
2,912
2,629
199
35
49
(64)
(20)
(19)
(24)
0
Other financial assets measured at amortized cost
62,707
61,945
574
166
22
(134)
(35)
(9)
(83)
(6)
of which: Loans to financial advisors
2,615
2,430
70
115
0
(49)
(6)
(1)
(43)
0
Total financial assets measured at amortized cost
1,109,745
1,075,113
29,428
3,908
1,296
(1,915)
(405)
(318)
(1,003)
(189)
Financial assets measured at fair value through other comprehensive
income
2,078
2,078
0
0
0
0
0
0
0
0
Total on-balance sheet financial assets in scope of ECL requirements
1,111,823
1,077,191
29,428
3,908
1,296
(1,915)
(405)
(318)
(1,003)
(189)
Total exposure
ECL provisions
3
Off-balance sheet (in scope of ECL)
Total
Stage 1
Stage 2
Stage 3
PCI
Total
Stage 1
Stage 2
Stage 3
PCI
Guarantees
41,744
40,211
1,314
173
45
(64)
(27)
(18)
(19)
1
of which: Large corporate clients
8,643
7,710
841
78
14
(25)
(10)
(11)
(4)
0
of which: SME clients
2,670
2,274
286
86
23
(9)
(4)
(3)
(2)
1
of which: Financial intermediaries and hedge funds
 
20,920
20,865
55
0
0
(11)
(8)
(3)
0
0
of which: Lombard
3,959
3,947
6
5
0
(7)
0
0
(7)
0
of which: Commodity trade finance
2,088
2,077
11
0
0
(1)
(1)
0
0
0
Irrevocable loan commitments
87,292
82,700
4,335
230
27
(173)
(112)
(54)
(13)
6
of which: Large corporate clients
48,060
44,281
3,682
77
21
(152)
(93)
(47)
(13)
0
Forward starting reverse repurchase and securities borrowing
agreements
17,649
17,649
0
0
0
0
0
0
0
0
Unconditionally revocable loan commitments
150,918
148,116
2,616
186
0
(89)
(73)
(15)
0
0
of which: Real estate financing
12,318
11,616
703
0
0
(10)
(10)
0
0
0
of which: Large corporate clients
16,793
16,422
358
12
0
(25)
(18)
(7)
0
0
of which: SME clients
10,548
10,205
313
30
0
(36)
(31)
(5)
0
0
of which: Lombard
61,036
60,901
133
1
0
0
0
0
0
0
of which: Credit cards
10,049
9,560
485
4
0
(9)
(8)
(2)
0
0
Irrevocable committed prolongation of existing loans
3,719
3,709
7
3
0
(3)
(3)
0
0
0
Total off-balance sheet financial instruments and other credit lines
301,322
292,385
8,271
593
72
(328)
(215)
(88)
(32)
7
Total allowances and provisions
(2,243)
(620)
(406)
(1,035)
(182)
1 The carrying amount of financial assets measured at amortized cost represents the total gross exposure net of the respective ECL allowances.
 
2 Information has been revised. Refer to Note 2 for more information.
 
3 Negative balances are representative of a net improvement in credit quality since the acquisition of the respective financial instrument, which is reflected
 
as a negative ECL allowance.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
USD m
31.12.23
Carrying amount
1
ECL allowances
2
Financial instruments measured at amortized cost
Total
Stage 1
Stage 2
Stage 3
PCI
Total
Stage 1
Stage 2
Stage 3
PCI
Cash and balances at central banks
314,060
314,025
18
0
18
(48)
0
(26)
0
(22)
Amounts due from banks
21,146
21,092
17
0
38
(12)
(6)
(1)
0
(5)
Receivables from securities financing transactions measured at
amortized cost
99,039
99,039
0
0
0
(2)
(2)
0
0
0
Cash collateral receivables on derivative instruments
50,082
50,082
0
0
0
0
0
0
0
0
Loans and advances to customers
639,669
610,922
24,408
2,869
1,470
(1,698)
(423)
(289)
(862)
(123)
of which: Private clients with mortgages
268,616
256,614
10,695
929
378
(209)
(62)
(97)
(39)
(11)
of which: Real estate financing
97,817
92,084
5,367
270
97
(103)
(41)
(31)
(21)
(11)
of which: Large corporate clients
30,084
25,671
3,182
700
532
(575)
(105)
(70)
(312)
(89)
of which: SME clients
25,957
22,155
2,919
754
129
(402)
(71)
(42)
(277)
(13)
of which: Lombard
156,353
156,299
3
50
0
(41)
(13)
(11)
(17)
0
of which: Credit cards
2,041
1,564
438
39
0
(42)
(6)
(11)
(24)
0
of which: Commodity trade finance
5,727
5,662
25
22
18
(130)
(18)
(1)
(111)
0
of which: Ship / aircraft financing
9,214
8,920
273
4
17
(51)
(48)
(3)
0
(1)
of which: Consumer financing
2,982
2,795
92
38
57
(59)
(22)
(17)
(20)
0
Other financial assets measured at amortized cost
65,455
64,268
968
158
61
(151)
(41)
(10)
(94)
(5)
of which: Loans to financial advisors
2,615
2,422
79
114
0
(49)
(4)
(1)
(44)
0
Total financial assets measured at amortized cost
1,189,451
1,159,428
25,410
3,027
1,587
(1,911)
(473)
(326)
(956)
(156)
Financial assets measured at fair value through other comprehensive
income
2,233
2,233
0
0
0
0
0
0
0
0
Total on-balance sheet financial assets in scope of ECL requirements
1,191,684
1,161,661
25,410
3,027
1,587
(1,911)
(473)
(326)
(956)
(156)
Total exposure
ECL provisions
2
Off-balance sheet (in scope of ECL)
Total
Stage 1
Stage 2
Stage 3
PCI
Total
Stage 1
Stage 2
Stage 3
PCI
Guarantees
46,191
44,487
1,495
151
58
(73)
(28)
(22)
(23)
0
of which: Large corporate clients
9,267
8,138
1,023
89
17
(31)
(11)
(13)
(7)
0
of which: SME clients
2,839
2,469
337
31
2
(14)
(4)
(5)
(5)
0
of which: Financial intermediaries and hedge funds
 
22,922
22,876
46
0
0
(12)
(8)
(3)
0
0
of which: Lombard
5,045
5,045
0
0
0
(1)
0
0
(1)
0
of which: Commodity trade finance
2,037
2,027
9
0
0
(1)
(1)
0
0
0
Irrevocable loan commitments
91,643
87,080
4,297
218
48
(178)
(117)
(51)
(14)
4
of which: Large corporate clients
50,696
46,708
3,881
59
48
(149)
(94)
(41)
(12)
(2)
Forward starting reverse repurchase and securities borrowing
agreements
18,444
18,444
0
0
0
0
0
0
0
0
Unconditionally revocable loan commitments
163,256
160,456
2,654
146
0
(95)
(78)
(17)
0
0
of which: Real estate financing
15,846
15,033
813
0
0
(14)
(11)
(3)
0
0
of which: Large corporate clients
17,139
16,678
454
8
0
(23)
(17)
(6)
0
0
of which: SME clients
11,658
11,253
375
29
0
(38)
(33)
(5)
0
0
of which: Lombard
77,618
77,618
0
1
0
0
0
0
0
0
of which: Credit cards
10,458
9,932
522
4
0
(10)
(8)
(2)
0
0
Irrevocable committed prolongation of existing loans
4,608
4,593
11
4
0
(4)
(4)
0
0
0
Total off-balance sheet financial instruments and other credit lines
324,141
315,060
8,456
519
106
(350)
(226)
(90)
(37)
3
Total allowances and provisions
(2,261)
(700)
(416)
(993)
(153)
1 The carrying amount of financial assets measured at amortized cost represents the total gross exposure net of the respective ECL allowances.
 
2 Negative balances are representative of a net improvement in credit
quality since the acquisition of the respective financial instrument, which is reflected as a negative ECL allowance.
Coverage ratios
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Coverage ratios for core loan portfolio
30.6.24
Gross carrying amount (USD m)
ECL coverage (bps)
On-balance sheet
Total
Stage 1
Stage 2
Stage 3
PCI
Total
Stage 1
Stage 2
Stage 1&2
Stage 3
PCI
Private clients with mortgages
252,892
241,557
10,154
1,092
89
7
2
76
5
272
337
Real estate financing
86,907
82,045
4,538
245
78
6
3
69
7
72
0
Total real estate lending
339,798
323,602
14,692
1,337
167
6
3
74
6
235
0
Large corporate clients
29,299
23,981
3,923
972
424
180
39
240
67
2,798
1,580
SME clients
23,922
19,646
2,569
1,463
244
215
31
146
44
2,831
123
Total corporate lending
53,221
43,627
6,491
2,435
668
196
35
203
57
2,818
1,048
Lombard
148,308
147,278
877
71
82
3
0
23
1
2,328
1,951
Credit cards
1,968
1,485
419
64
0
208
39
252
86
3,826
0
Commodity trade finance
5,917
5,575
224
115
2
211
33
92
36
9,037
0
Ship / aircraft financing
8,329
7,883
426
3
17
53
48
103
51
0
1,176
Consumer financing
2,970
2,723
140
66
41
229
73
1,500
143
4,091
0
Other loans and advances to customers
40,339
37,661
2,277
131
270
41
8
80
12
3,532
2,630
Loans to financial advisors
2,647
2,412
84
151
0
176
18
146
22
2,736
0
Total other lending
210,478
205,018
4,447
601
412
25
6
134
9
4,323
2,160
Total
1
603,497
572,247
25,631
4,372
1,247
30
6
117
11
2,235
1,236
Gross exposure (USD m)
ECL coverage (bps)
Off-balance sheet
Total
Stage 1
Stage 2
Stage 3
PCI
Total
Stage 1
Stage 2
Stage 1&2
Stage 3
PCI
Private clients with mortgages
8,091
7,834
226
31
0
4
4
23
4
11
0
Real estate financing
12,715
12,143
572
0
0
5
6
0
5
0
0
Total real estate lending
20,805
19,977
798
31
0
5
5
0
5
11
0
Large corporate clients
71,060
66,029
4,833
149
49
24
17
100
22
987
0
SME clients
15,352
14,421
720
189
22
33
27
207
36
197
0
Total corporate lending
86,412
80,450
5,553
338
71
26
19
114
25
546
0
Lombard
68,071
68,017
40
14
0
1
0
0
0
2,887
0
Credit cards
10,056
9,576
477
4
0
8
7
35
8
0
0
Commodity trade finance
3,732
3,712
20
0
0
7
7
13
7
0
0
Ship / aircraft financing
1,836
1,817
19
0
0
11
11
0
11
0
0
Consumer financing
152
152
0
0
0
0
0
0
0
0
0
Financial intermediaries and hedge funds
46,338
45,878
461
0
0
3
2
74
3
0
0
Other off-balance sheet commitments
37,485
36,897
411
163
13
7
4
55
4
538
0
Total other lending
167,670
166,049
1,427
181
13
3
2
52
3
710
0
Total
2
274,888
266,475
7,778
550
84
11
7
90
10
570
0
Total on- and off-balance sheet
3
878,385
838,722
33,409
4,923
1,331
24
7
111
11
2,049
1,202
1 Includes Loans and advances
 
to customers and Loans
 
to financial advisors,
 
which are presented on
 
the balance sheet line Other
 
financial 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 (bps).
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Coverage ratios for core loan portfolio
31.3.24
Gross carrying amount (USD m)
ECL coverage (bps)
On-balance sheet
Total
Stage 1
Stage 2
Stage 3
PCI
Total
Stage 1
Stage 2
Stage 1&2
Stage 3
PCI
Private clients with mortgages
252,087
239,471
11,412
962
243
8
2
81
6
406
395
Real estate financing
90,284
84,512
5,472
188
111
7
3
50
6
493
0
Total real estate lending
342,372
323,984
16,884
1,150
354
8
3
71
6
420
270
Large corporate clients
29,587
24,045
4,001
1,008
534
196
38
208
62
3,160
1,632
SME clients
24,718
20,570
2,777
1,286
85
179
31
114
41
2,602
1,305
Total corporate lending
54,305
44,615
6,777
2,293
619
188
35
169
53
2,847
1,587
Lombard
150,820
149,160
932
590
138
4
0
10
1
699
840
Credit cards
1,879
1,408
410
61
0
211
41
256
89
3,802
0
Commodity trade finance
5,481
5,186
168
115
12
224
32
144
35
9,044
0
Ship / aircraft financing
8,823
8,038
782
3
0
53
50
84
53
0
0
Consumer financing
2,976
2,649
218
59
49
215
77
884
138
4,093
31
Other loans and advances to customers
40,152
36,721
2,886
389
156
21
9
31
11
657
939
Loans to financial advisors
2,664
2,435
71
157
0
186
23
160
27
2,716
0
Total other lending
212,796
205,598
5,466
1,375
356
22
6
91
9
1,900
739
Total
1
609,472
574,198
29,127
4,819
1,328
29
6
98
11
1,998
1,009
Gross exposure (USD m)
ECL coverage (bps)
Off-balance sheet
Total
Stage 1
Stage 2
Stage 3
PCI
Total
Stage 1
Stage 2
Stage 1&2
Stage 3
PCI
Private clients with mortgages
7,907
7,590
289
29
0
7
6
34
7
24
0
Real estate financing
13,652
12,919
732
0
0
7
8
0
7
0
0
Total real estate lending
21,559
20,509
1,021
29
0
7
7
4
7
23
0
Large corporate clients
73,534
68,451
4,881
168
35
28
18
133
25
995
0
SME clients
15,269
14,438
678
130
23
34
29
216
38
181
0
Total corporate lending
88,803
82,889
5,559
297
58
29
20
143
27
640
0
Lombard
68,645
68,477
161
7
0
1
0
1
0
9,921
0
Credit cards
10,049
9,560
485
4
0
9
8
34
9
0
0
Commodity trade finance
4,446
4,429
18
0
0
6
6
127
6
0
0
Ship / aircraft financing
1,643
1,643
0
0
0
13
12
0
13
0
0
Consumer financing
167
167
0
0
0
0
0
0
0
0
0
Financial intermediaries and hedge funds
48,923
48,619
304
0
0
3
2
114
3
0
0
Other off-balance sheet commitments
39,437
38,444
723
256
14
6
4
40
4
257
0
Total other lending
173,310
171,338
1,691
267
14
3
2
49
3
493
0
Total
2
283,672
274,736
8,271
593
72
12
8
106
11
543
0
Total on- and off-balance sheet
3,4
893,144
848,933
37,399
5,412
1,401
23
7
100
11
1,838
908
1 Includes Loans and advances to
 
customers and Loans to financial
 
advisors, which are presented
 
on the balance sheet line
 
Other financial 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 (bps).
 
4
 
Information has been revised.
Refer to Note 2 for more information.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Coverage ratios for core loan portfolio
31.12.23
Gross carrying amount (USD m)
ECL coverage (bps)
On-balance sheet
Total
Stage 1
Stage 2
Stage 3
PCI
Total
Stage 1
Stage 2
Stage 1&2
Stage 3
PCI
Private clients with mortgages
268,825
256,675
10,792
968
389
8
2
90
6
399
283
Real estate financing
97,920
92,124
5,398
290
108
11
4
57
7
713
980
Total real estate lending
366,745
348,800
16,190
1,258
497
9
3
79
6
472
434
Large corporate clients
30,660
25,775
3,252
1,012
620
188
41
215
60
3,083
1,429
SME clients
26,359
22,226
2,961
1,031
142
153
32
141
45
2,689
893
Total corporate lending
57,019
48,001
6,213
2,042
762
172
37
180
53
2,884
1,329
Lombard
156,394
156,312
15
67
0
3
1
7,616
2
2,487
0
Credit cards
2,083
1,571
449
63
0
200
40
253
87
3,801
0
Commodity trade finance
5,858
5,681
26
133
18
223
32
365
34
8,333
6
Ship / aircraft financing
9,265
8,968
276
4
17
56
54
99
55
0
315
Consumer financing
3,041
2,817
110
58
57
195
79
1,559
135
3,422
7
Other loans and advances to customers
40,961
39,196
1,419
105
242
21
10
39
11
3,981
0
Loans to financial advisors
2,665
2,426
80
159
0
185
17
122
20
2,793
0
Total other lending
220,267
216,971
2,373
589
334
21
7
210
9
4,376
9
Total
1
644,031
613,772
24,777
3,889
1,593
27
7
117
11
2,329
773
Gross exposure (USD m)
ECL coverage (bps)
Off-balance sheet
Total
Stage 1
Stage 2
Stage 3
PCI
Total
Stage 1
Stage 2
Stage 1&2
Stage 3
PCI
Private clients with mortgages
9,782
9,505
261
15
0
6
5
27
6
40
0
Real estate financing
17,107
16,281
826
0
0
9
8
44
9
0
0
Total real estate lending
26,889
25,786
1,088
15
0
8
7
40
8
40
0
Large corporate clients
77,103
71,524
5,357
157
65
26
17
111
24
1,217
242
SME clients
16,762
15,868
812
80
2
40
29
196
37
640
0
Total corporate lending
93,865
87,392
6,170
236
67
29
19
122
26
1,022
221
Lombard
86,173
86,173
0
1
0
0
0
0
0
0
0
Credit cards
10,458
9,932
522
4
0
10
8
35
10
0
0
Commodity trade finance
4,640
4,628
13
0
0
6
5
151
6
0
0
Ship / aircraft financing
1,053
1,053
0
0
0
26
26
0
26
0
0
Consumer financing
153
153
0
0
0
0
0
0
0
0
0
Financial intermediaries and hedge funds
42,578
42,325
253
0
0
3
3
142
3
0
0
Other off-balance sheet commitments
39,887
39,174
411
263
39
7
4
111
5
453
0
Total other lending
184,944
183,438
1,199
268
39
3
2
85
3
486
0
Total
2
305,697
296,616
8,456
519
106
11
8
107
10
717
0
Total on- and off-balance sheet
3
949,729
910,388
33,233
4,408
1,699
22
7
114
11
2,140
706
1 Includes Loans and advances to
 
customers and Loans to financial
 
advisors, which are presented on
 
the balance sheet line Other
 
financial 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 (bps).