Income statement

(XLS:) Download

in CHF thousands

 

Note

 

2018

 

2017

 

+/− %

*

The return on capital (annual profit in relation to balance sheet total) amounted to 0.53 per cent as at 31 December 2018 and to 0.68 per cent as at 31 December 2017 (pursuant to the Banking Ordinance, Art. 24e, Para. 1, Point 6).

Interest income

 

 

 

114'926

 

99'472

 

15.5

of which from fixed-interest securities

 

 

 

15'471

 

11'309

 

36.8

of which from trading transactions

 

 

 

0

 

12

 

–99.0

Interest expenses

 

 

 

–28'064

 

–22'345

 

25.6

Net interest income

 

 

 

86'862

 

77'128

 

12.6

Shares and other non-fixed-interest securities

 

 

 

162

 

372

 

–56.6

of which from trading transactions

 

 

 

162

 

372

 

–56.6

Participations and associated companies

 

 

 

10'004

 

0

 

 

Income from securities

 

 

 

10'166

 

372

 

 

Credit-related commissions and fees

 

 

 

353

 

312

 

13.0

Commissions from securities and investment business

 

 

 

104'076

 

114'294

 

–8.9

Other commission and fee income

 

 

 

19'194

 

20'112

 

–4.6

Commission and fee expenses

 

 

 

–44'868

 

–47'641

 

–5.8

Net commission and fee income

 

 

 

78'754

 

87'076

 

–9.6

Income from financial transactions

 

 

 

55'378

 

70'944

 

–21.9

of which from trading business

 

21

 

50'089

 

53'011

 

–5.5

Income from real estate holdings

 

 

 

1'158

 

1'145

 

1.1

Sundry ordinary income

 

 

 

21'440

 

34'359

 

–37.6

Other ordinary income

 

 

 

22'598

 

35'504

 

–36.4

Total operating income

 

 

 

253'758

 

271'024

 

–6.4

 

 

 

 

 

 

 

 

 

Personnel expenses

 

22

 

–104'900

 

–94'653

 

10.8

Administrative expenses

 

23

 

–48'022

 

–41'991

 

14.4

Total operating expenses

 

 

 

–152'922

 

–136'644

 

11.9

 

 

 

 

 

 

 

 

 

Gross operating profit

 

 

 

100'836

 

134'379

 

–25.0

 

 

 

 

 

 

 

 

 

Depreciation on intangible assets and fixed assets

 

 

 

–20'649

 

–19'815

 

4.2

Sundry ordinary expenses

 

24

 

–445

 

–15'844

 

–97.2

Allowances on claims and allocations to provisions for contingent liabilities and lending risks

 

9

 

–696

 

–6'597

 

–89.4

Earnings from the release of allowances on claims and of provisions for contingent liabilities and lending risks

 

9

 

1'021

 

11'277

 

–90.9

Write-downs to participations, shares in associated companies and securities treated as long-term investments

 

 

 

–3

 

–14

 

–82.4

Earnings from write-ups to participations, shares in associated companies and securities treated as long-term investments

 

 

 

0

 

0

 

 

 

 

 

 

 

 

 

 

 

Result from normal business operations

 

 

 

80'065

 

103'386

 

–22.6

 

 

 

 

 

 

 

 

 

Income taxes

 

 

 

–5'864

 

–9'867

 

–40.6

Other taxes

 

 

 

95

 

–227

 

 

Releases / (Additions) to provisions for general banking risks

 

 

 

0

 

0

 

 

 

 

 

 

 

 

 

 

 

Profit for the year *

 

 

 

74'295

 

93'292

 

–20.4