Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules
4Q23 and FY23 highlights
4Q23 and FY23 highlights
- 4Q23 PBT of USD聽(751m),including losses of USD聽508m related to the investment in SIX Group, in addition to integration-related expenses and pull-to-par and other PPA-related benefits; underlying1 PBT of USD聽592m
- FY23 PBT of USD聽29,916m, including USD聽28,925m negative goodwill
- Completed first phase of strategic integration,stabilized the franchise, achieved underlying profitability and initiated restructuring
- USD聽77bn of net new assets2 in GWM and USD聽77bn of net new deposits across GWM and P&C since the closing of the acquisition in 2023; USD 22bn of NNA and USD 16bn of NND in GWM, and CHF 7bn of NND in P&C in 4Q23, driven by strong momentum with our clients
- Achieved USD聽~4bn in exit rate gross cost savings in FY23 vs FY22 combined
- Strong progress in NCL wind-down with RWA down USD聽5.5bn of which three quarters from active unwinds, LRD down USD聽19bn and underlying operating expenses down 9% QoQ
- Maintained capital strength with CET1 ratio of 14.5% and CET1 leverage ratio of 4.7% comfortably above guidance
- Increase of 27% YoY in FY23 ordinary dividend, to USD聽0.70 per share, subject to shareholder approval at the Annual General Meeting
