15 Non-current assets held for sale

One property, which is fully owned by a Group company and currently accommodates a branch of the bank and rental apartments, is to be sold. The transfer of ownership is to take place in the third quarter of 2016. The bank shall continue to use the bank branch on a rental basis. It is assumed the sale of the property, which is recognized per 30 June 2016 at a book value of CHF 2.1 million, will result in a profit of around CHF 3 million.