UBS Posts Web Revenue of US$7.6 Billion in 2022

by Jeremy

UBS, a Swiss world funding financial institution, posted a web revenue of US$7.6
billion in 2022 regardless of “tough macroeconomic and geopolitical atmosphere.”
The Swiss monetary providers firm additionally reported a revenue earlier than process (PBT) of
US$9.6 billion and a diluted earnings per share (EPS) of US$2.25 throughout the
previous 12 months.

UBS disclosed these figures on Tuesday in its full-year and fourth
quarter 2022 outcomes. Over the past quarter of 2022, the worldwide financial institution stated it
generated US$1.9 billion in revenue earlier than tax with an EPS of US$0.50.

These income earlier than tax additionally replicate throughout UBS’ world wealth
administration
, private and company banking, asset administration and funding
banking companies. As an illustration, PBT for the worldwide wealth administration enterprise reached US$1 billion in This fall 2022 and $US5 billion throughout the 2022 monetary
12 months, each representing development charges of 88% and 4% year-over-year (YoY),
respectively.

Nonetheless, these “strong” outcomes are regardless of YoY decreases in UBS’
revenues from the varied models of its enterprise. Whereas the corporate’s income from its world wealth administration enterprise dropped by 5%, that from the asset administration division went down by 31%.
Moreover, whole income from UBS’ funding banking actions declined by 24%. Quite the opposite, income from the financial institution’s private and company banking actions rose by 10%
YoY in 2022.

Watch the current FMLS22 session on creating partnerships between fintech and banks.

In accordance with UBS, its world wealth administration enterprise generated a web
new fee-generating belongings of US$17 billion previously 12 months. The asset
administration unit was additionally capable of generate US$21 billion of web new cash from the
area, the monetary providers firm stated.

In Switzerland, the place the worldwide funding financial institution is headquartered, UBS stated it posted document mortgage and deposit volumes because the agency maintained its
place as the highest financial institution within the nation. That is whilst UBS generated US$7
billion web new loans and US$9 billion web new deposits from a mixture of
its world wealth administration and private and company banking
companies.

Moreover, in Europe, Center East and Africa, UBS stated its web new
fee-generating belongings reached US$20 billion. The worldwide financial institution additionally famous that it
bought its home wealth administration enterprise in Spain throughout the previous 12 months.

As well as, the Swiss firm reported significance efficiency from its enterprise
actions within the Asia Pacific (APAC) area, producing US$14 billion in web
new fee-generating belongings throughout the interval.

Talking on its efficiency, UBS famous that its “unwavering dedication”
to its purchasers made it potential to “keep constructive momentum throughout the agency” in
the previous 12 months.

“Towards this backdrop, we attracted USD 60bn in web new fee-generating
belongings in world wealth administration for the complete 12 months, USD 25bn of web new cash in asset administration (of which USD
26bn in Cash Market), and CHF 2bn of web new funding merchandise for
Private Banking, an 8% development fee,” UBS defined.

UBS, a Swiss world funding financial institution, posted a web revenue of US$7.6
billion in 2022 regardless of “tough macroeconomic and geopolitical atmosphere.”
The Swiss monetary providers firm additionally reported a revenue earlier than process (PBT) of
US$9.6 billion and a diluted earnings per share (EPS) of US$2.25 throughout the
previous 12 months.

UBS disclosed these figures on Tuesday in its full-year and fourth
quarter 2022 outcomes. Over the past quarter of 2022, the worldwide financial institution stated it
generated US$1.9 billion in revenue earlier than tax with an EPS of US$0.50.

These income earlier than tax additionally replicate throughout UBS’ world wealth
administration
, private and company banking, asset administration and funding
banking companies. As an illustration, PBT for the worldwide wealth administration enterprise reached US$1 billion in This fall 2022 and $US5 billion throughout the 2022 monetary
12 months, each representing development charges of 88% and 4% year-over-year (YoY),
respectively.

Nonetheless, these “strong” outcomes are regardless of YoY decreases in UBS’
revenues from the varied models of its enterprise. Whereas the corporate’s income from its world wealth administration enterprise dropped by 5%, that from the asset administration division went down by 31%.
Moreover, whole income from UBS’ funding banking actions declined by 24%. Quite the opposite, income from the financial institution’s private and company banking actions rose by 10%
YoY in 2022.

Watch the current FMLS22 session on creating partnerships between fintech and banks.

In accordance with UBS, its world wealth administration enterprise generated a web
new fee-generating belongings of US$17 billion previously 12 months. The asset
administration unit was additionally capable of generate US$21 billion of web new cash from the
area, the monetary providers firm stated.

In Switzerland, the place the worldwide funding financial institution is headquartered, UBS stated it posted document mortgage and deposit volumes because the agency maintained its
place as the highest financial institution within the nation. That is whilst UBS generated US$7
billion web new loans and US$9 billion web new deposits from a mixture of
its world wealth administration and private and company banking
companies.

Moreover, in Europe, Center East and Africa, UBS stated its web new
fee-generating belongings reached US$20 billion. The worldwide financial institution additionally famous that it
bought its home wealth administration enterprise in Spain throughout the previous 12 months.

As well as, the Swiss firm reported significance efficiency from its enterprise
actions within the Asia Pacific (APAC) area, producing US$14 billion in web
new fee-generating belongings throughout the interval.

Talking on its efficiency, UBS famous that its “unwavering dedication”
to its purchasers made it potential to “keep constructive momentum throughout the agency” in
the previous 12 months.

“Towards this backdrop, we attracted USD 60bn in web new fee-generating
belongings in world wealth administration for the complete 12 months, USD 25bn of web new cash in asset administration (of which USD
26bn in Cash Market), and CHF 2bn of web new funding merchandise for
Private Banking, an 8% development fee,” UBS defined.

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