Business segment result
Interest differential business, which comprises the largest part of earnings in private and corporate banking, again developed positively, rising by 3.1 per cent in comparison with the previous year. In the reporting period fewer expected allowances for credit loss expenses were released than in 2018; this is reflected in the slightly lower segment profit before tax. Operating expenses increased only marginally in spite of the investments made in the branch and distribution network. The business volume expanded by 4.0 per cent to CHF 19.9 billion. Client assets under management climbed by 9.8 per cent to CHF 9.3 billion. The segment posted new money inflows in the home markets of Switzerland and Liechtenstein.
Business segment result: Retail & Corporate Banking
| Download |
in CHF thousands |
2019 |
2018 |
+/− % |
|||
|---|---|---|---|---|---|---|
Net interest income |
93'151 |
90'317 |
3.1 |
|||
Expected credit losses |
731 |
6'931 |
–89.4 |
|||
Net interest income after expected credit losses |
93'882 |
97'248 |
–3.5 |
|||
Net fee and commission income |
31'806 |
29'729 |
7.0 |
|||
Net trading income |
10'921 |
11'383 |
–4.1 |
|||
Other income |
2'208 |
1'783 |
23.8 |
|||
Total operating income |
138'817 |
140'143 |
–0.9 |
|||
Personnel expenses |
–28'698 |
–30'458 |
–5.8 |
|||
General and administrative expenses |
–1'924 |
–1'607 |
19.7 |
|||
Depreciation and amortisation |
0 |
0 |
|
|||
Services (from) / to segments |
–52'575 |
–50'127 |
4.9 |
|||
Total operating expenses |
–83'197 |
–82'192 |
1.2 |
|||
Segment profit before tax |
55'620 |
57'951 |
–4.0 |
| Download |
|
2019 |
2018 |
||||||
|---|---|---|---|---|---|---|---|---|
|
||||||||
Gross margin (in basis points) * |
69.6 |
70.0 |
||||||
Cost-Income-Ratio (in per cent) ** |
60.3 |
61.7 |
||||||
Net new money (in CHF millions) |
240 |
407 |
||||||
Growth of net new money (in per cent) |
2.8 |
4.8 |
||||||
| Download |
|
31.12.2019 |
31.12.2018 |
+/− % |
|||
|---|---|---|---|---|---|---|
Business volume (in CHF millions) |
19'915 |
19'142 |
4.0 |
|||
Assets under management (in CHF millions) |
9'280 |
8'449 |
9.8 |
|||
Loans (in CHF millions) |
10'635 |
10'693 |
–0.5 |
|||
Employees (full-time equivalents, in positions) |
182 |
197 |
–7.6 |