Net interest income and other income from fair value changes on financial instruments (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure Of Net Interest Income And Other Net Income From Financial Instruments Measured At Fair Value Through Profit Or Loss Tables [Line Items]

Disclosure Of Net Interest Income And Other Net Income From Financial Instruments Measured At Fair Value Through Profit Or Loss Tables Explanatory

For the year ended

USD m

31.12.24

31.12.23

31.12.22

Net interest income from financial instruments measured at fair value through profit or loss and other

7,061

3,770

1,403

Other net income from financial instruments measured at fair value through profit or loss

1

14,690

11,583

7,517

Total net income from financial instruments measured at fair value through profit or loss and other

21,752

15,353

8,920

Net interest income

Interest income from loans and deposits

2

32,494

28,569

9,612

Interest income from securities financing transactions measured at amortized cost

3

4,074

3,948

1,378

Interest income from other financial instruments measured at amortized cost

1,371

1,187

545

Interest income from debt instruments measured at fair value through other comprehensive income

104

103

74

Interest resulting from derivative instruments designated as cash flow hedges 

(2,049)

(2,064)

173

Total interest income from financial instruments measured at amortized cost and fair value through other comprehensive income

35,994

31,743

11,782

Interest expense on loans and deposits

4

19,653

15,011

2,579

Interest expense on securities financing transactions measured at amortized cost

5

2,051

1,968

1,089

Interest expense on debt issued

14,053

11,072

2,803

Interest expense on lease liabilities

191

166

92

Total interest expense from financial instruments measured at amortized cost

35,947

28,216

6,564

Total net interest income from financial instruments measured at amortized cost and fair value through other comprehensive income

47

3,527

5,218

Total net interest income from financial instruments measured at fair value through profit or loss and other

7,061

3,770

1,403

Total net interest income

7,108

7,297

6,621

1 Includes net losses from financial liabilities designated at fair value of USD

1,836

m (net losses of USD

4,843

m in 2023 and net gains of USD

17,037

m in 2022). This complementary “of which” information for

financial liabilities designated at fair value excludes fair value changes on hedges related to financial liabilities designated at fair value, and foreign currency translation effects arising from translating foreign currency

transactions into the respective functional currency, both of which are reported within Other net income from financial instruments measured at fair value through profit or loss. Net gains / (losses) from financial

liabilities designated at fair value included net losses of USD

1,844

m (net losses of USD

2,045

m and net gains of USD

4,112

m in 2023 and 2022, respectively) from financial liabilities related to unit-linked investment

notes issued by UBS’s Asset Management business division. These gains / (losses) are fully offset within Other net income from financial instruments measured at fair value through profit or loss by the fair value

change on the financial assets hedging the unit-linked investment contracts, which are not disclosed as part of Net gains / (losses) from financial liabilities designated at fair value. 2 Consists of interest income from

cash and balances at central banks, amounts due from banks and customers, and cash collateral receivables on derivative instruments, as well as negative interest on amounts due to banks, customer deposits, and

cash collateral payables on derivative instruments. 3 Includes negative interest, including fees, on payables from securities financing transactions measured at amortized cost. 4 Consists of interest expense on

amounts due to banks, cash collateral payables on derivative instruments, and customer deposits, as well as negative interest on cash and balances at central banks, amounts due from banks, and cash collateral

receivables on derivative instruments. 5 Includes interest expense on payables from securities financing transactions and negative interest, including fees, on receivables from securities financing transactions

measured at amortized cost.