General and administrative expenses

12 Months Ended

Dec. 31, 2024

General And Administrative Expenses [Line Items]

Disclosure Of General And Administrative Expense Explanatory

Note 8 General and administrative expenses

For the year ended

USD m

31.12.24

31.12.23

31.12.22

Outsourcing costs

1,816

1,492

896

Technology costs

2,356

1,851

1,146

Consulting, legal and audit fees

1,616

1,619

592

Real estate and logistics costs

1,200

1,342

605

Market data services

749

684

419

Marketing and communication

575

408

265

Travel and entertainment

337

278

172

Litigation, regulatory and similar matters

1

(128)

809

348

Other

1,604

1,673

2

746

Total general and administrative expenses

10,124

10,156

5,189

1 Reflects the net increase / (decrease) in provisions for litigation, regulatory and similar matters recognized in the income statement, including a release of IFRS 3 acquisition-related contingent liabilities. Refer to

Note 18 for more information. 2 Includes USD

296

m attributable to setting up a provision related to onerous contracts.

General and administrative expenses decreased by USD

32

m to USD

10,124

m and included expenses arising due to the

integration of the legacy operations of Credit Suisse into the UBS Group.