Customer deposits

12 Months Ended

Dec. 31, 2024

Disclosure Due To Banks And Customers [Line Items]

Disclosure of due to banks and customers [text block]

Note 15 Amounts due to banks and customer deposits

USD m

31.12.24

31.12.23

Amounts due to banks 

23,347

70,962

Customer deposits

745,777

792,029

of which: demand deposits

221,797

240,942

of which: retail savings / deposits

182,274

186,087

of which: sweep deposits

41,935

41,045

of which: time deposits

1

299,771

323,955

Total amounts due to banks and customer deposits

769,124

862,990

1 Includes customer deposits in UBS AG Jersey Branch and UBS AG Guernsey Branch placed by UBS Switzerland AG and UBS AG Swiss Branch on behalf of their clients.

Amounts due to banks decreased mainly due to the repayment of funding regarding the Emergency Liquidity Assistance

facility from the Swiss National bank. Customer deposits decreased mainly reflecting foreign currency effects and net

new deposit outflows mainly in time deposits due to maturities, partly offset by shifts into retail savings / deposits as a

result of the aforementioned maturities.