Property, equipment and software (Tables)	12 Months Ended
Dec. 31, 2024
Notes Property Equipment And Software Tables [Line Items]
Property, equipment and software	At historical cost less accumulated depreciation USD m Owned properties and equipment 1 Leased properties and equipment 2 Software Projects in progress 2024 2023 Historical cost Balance at the beginning of the year 16,710 6,613 11,726 863 35,913 27,127 Balance recognized upon the acquisition of the Credit Suisse Group 3 6,055 Additions 229 230 48 1,691 2,199 1,796 Disposals / write-offs 4 (532) (139) (437) 0 (1,108) (1,791) Reclassifications 5 238 (13) 1,406 (1,725) (94) 1,203 Foreign currency translation (925) (224) (322) (54) (1,525) 1,523 Balance at the end of the year 15,721 6,467 12,421 776 35,385 35,913 Accumulated depreciation Balance at the beginning of the year 9,207 2,545 6,312 18,064 14,839 Depreciation 923 893 1,788 3,605 3,022 Impairment 6 3 4 45 52 593 Disposals / write-offs 4 (529) (139) (438) (1,105) (1,783) Reclassifications 5 29 (4) (5) 20 686 Foreign currency translation (494) (87) (167) (749) 708 Balance at the end of the year 9,139 3,212 7,536 19,887 18,064 Net book value Net book value at the beginning of the year 7,503 4,068 5,413 863 17,849 12,288 Net book value at the end of the year 6,582 3,255 4,884 776 7 15,498 17,849 1 Includes leasehold improvements and IT hardware. 2 Represents right-of-use assets recognized by UBS as lessee. UBS predominantly enters into lease contracts, or contracts that include lease components, in relation to real estate, including offices, retail branches and sales offices. The total cash outflow for leases during 2024 was USD 1,138 m (2023: USD 878 m). Interest expense on lease liabilities is included within Interest expense from financial instruments measured at amortized cost and Lease liabilities is included within Other financial liabilities measured at amortized cost. Refer to Notes 4 and 19a, respectively. There were no material gains or losses arising from sale-and-leaseback transactions in 2024 and in 2023. 3 Refer to Note 2 for more information about the acquisition of the Credit Suisse Group. 4 Includes write-offs of fully depreciated assets. 5 The total reclassification amount for the respective periods represents net reclassifications from / to Other non-financial assets. 6 Impairment charges recorded in 2024 generally relate to assets that are no longer used, of which USD 51 m for Group Items and USD 1 m for Global Wealth Management. The recoverable amount based on a value-in-use approach was determined to be zero. 7 Consists of USD 460 m related to software and USD 317 m related to Owned properties and equipment.

At historical cost less accumulated depreciation

USD m

Owned

properties and

equipment

Leased

properties and

equipment

Software

Projects in

progress

2024

2023

Historical cost

Balance at the beginning of the year

16,710

6,613

11,726

863

35,913

27,127

Balance recognized upon the acquisition of the Credit Suisse

Group

6,055

Additions

229

230

1,691

2,199

1,796

Disposals / write-offs

(532)

(139)

(437)

(1,108)

(1,791)

Reclassifications

238

(13)

1,406

(1,725)

(94)

1,203

Foreign currency translation

(925)

(224)

(322)

(54)

(1,525)

1,523

Balance at the end of the year

15,721

6,467

12,421

776

35,385

35,913

Accumulated depreciation

Balance at the beginning of the year

9,207

2,545

6,312

18,064

14,839

Depreciation

923

893

1,788

3,605

3,022

Impairment

593

Disposals / write-offs

(529)

(139)

(438)

(1,105)

(1,783)

Reclassifications

(4)

(5)

686

Foreign currency translation

(494)

(87)

(167)

(749)

708

Balance at the end of the year

9,139

3,212

7,536

19,887

18,064

Net book value

Net book value at the beginning of the year

7,503

4,068

5,413

863

17,849

12,288

Net book value at the end of the year

6,582

3,255

4,884

776

15,498

17,849

1 Includes leasehold

improvements and IT

hardware.

2 Represents right-of-use

assets recognized by UBS

as lessee. UBS

predominantly enters into

lease contracts, or

contracts that include

lease components,

relation to real

estate, including offices,

retail branches and

sales offices. The

total cash outflow

for leases during 2024

was USD

1,138

m (2023: USD

878

m). Interest expense

on lease liabilities

is included within

Interest expense from financial instruments measured at amortized cost and Lease liabilities is included within Other financial liabilities measured at amortized

cost. Refer to Notes 4 and 19a, respectively. There were

no material gains or losses arising from sale-and-leaseback transactions in 2024 and in 2023.

3 Refer to Note 2 for more information about the acquisition of the Credit Suisse Group.

4 Includes write-offs of fully

depreciated assets.

5 The total

reclassification amount for the

respective periods represents net

reclassifications from /

to Other non-financial assets.

6 Impairment charges recorded

in 2024 generally

relate to

assets that are no longer used, of which

USD

m for Group Items and USD

m for Global Wealth Management. The

recoverable amount based on a value-in-use

approach was determined to be zero.

7 Consists

of USD

460

m related to software and USD

317

m related to Owned properties and equipment.