Income statement

(XLS:) Download

in CHF thousands

 

Note

 

2017

 

2016

 

+/– %

*

The return on capital (annual profit in relation to balance sheet total) amounted to 0.68 percent as at 31 December 2017 and to 0.35 percent as at 31 December 2016 (pursuant to the Banking Ordinance, Art. 24e, Para. 1, Point 6).

Interest income

 

 

 

99'472

 

110'793

 

−10.2

of which from fixed-interest securities

 

 

 

11'309

 

11'494

 

−1.6

of which from trading transactions

 

 

 

12

 

29

 

−57.1

Interest expenses

 

 

 

−22'345

 

−22'537

 

−0.9

Net interest income

 

 

 

77'128

 

88'256

 

−12.6

Shares and other non-fixed-interest securities

 

 

 

372

 

1

 

 

of which from trading transactions

 

 

 

372

 

1

 

 

Participations and associated companies

 

 

 

0

 

0

 

 

Income from securities

 

 

 

372

 

1

 

 

Credit-related commissions and fees

 

 

 

312

 

357

 

−12.7

Commissions from securities and investment business

 

 

 

114'294

 

106'240

 

7.6

Other commission and fee income

 

 

 

20'112

 

21'384

 

−5.9

Commission and fee expenses

 

 

 

−47'641

 

−44'011

 

8.2

Net commission and fee income

 

 

 

87'076

 

83'970

 

3.7

Income from financial transactions

 

 

 

70'944

 

38'459

 

84.5

of which from trading business

 

21

 

53'011

 

33'809

 

56.8

Income from real estate holdings

 

 

 

1'145

 

1'212

 

−5.5

Sundry ordinary income

 

 

 

34'359

 

22'137

 

55.2

Other ordinary income

 

 

 

35'504

 

23'349

 

52.1

Total operating income

 

 

 

271'024

 

234'036

 

15.8

 

 

 

 

 

 

 

 

 

Personnel expenses

 

22

 

−94'653

 

−93'901

 

0.8

Administrative expenses

 

23

 

−41'991

 

−38'668

 

8.6

Total operating expenses

 

 

 

−136'644

 

−132'569

 

3.1

 

 

 

 

 

 

 

 

 

Gross operating profit

 

 

 

134'379

 

101'467

 

32.4

 

 

 

 

 

 

 

 

 

Depreciation on intangible assets and fixed assets

 

 

 

−19'815

 

−19'706

 

0.6

Sundry ordinary expenses

 

24

 

−15'844

 

−29'715

 

−46.7

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

 

9

 

−6'597

 

−8'648

 

−23.7

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

 

9

 

11'277

 

7'374

 

52.9

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

 

 

 

−14

 

0

 

 

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

 

 

 

0

 

4'279

 

−100.0

 

 

 

 

 

 

 

 

 

Result from normal business operations

 

 

 

103'386

 

55'051

 

87.8

 

 

 

 

 

 

 

 

 

Income taxes

 

 

 

−9'867

 

−5'323

 

85.4

Other taxes

 

 

 

−227

 

301

 

 

Releases / (Additions) to provisions for general banking risks

 

 

 

0

 

0

 

 

 

 

 

 

 

 

 

 

 

Profit for the year *

 

 

 

93'292

 

50'028

 

86.5