35 Non-current assets and liabilities held for sale

Properties, which encompass bank branches, rental apartments and unused real estate and which are wholly owned by individual group companies, are available for immediate sale. Two properties will be sold in the second quarter of 2019. For other properties offers have been received, or discussions are being held. The carrying value of the properties to be sold in the second quarter amounts to CHF 2.1 million. A profit on the sale of around CHF 1.3 million is expected.

Furthermore, a company, which manages rental apartments, that is not wholly owned is also designated for immediate sale.

The net balance sheet value of all assets totals CHF 18.8 million.