For the quarter period ended on 31 March, its private banking & wealth management unit posted a pre-tax income of CHF881m ($932m), slightly down compared to CHF951m ($1bn) during the same period earlier year.
Net revenues were CHF3.3bn ($3.4bn), with a decrease of 5% from the same quarter of 2012, primarily driven by the partial sale of an investment in Aberdeen Asset Management (Aberdeen) in 1Q12, and lower net interest income.
Investment banking registered a pre-tax income of CHF1.3bn ($1.37bn), against CHF907m ($959m), during the corresponding period, which reflects stable revenue levels, sustained market share, a reduced cost base and lower capital usage.
Net revenues were CHF3.94bn ($4.16bn), which remained stable compared to 1Q12, reflecting higher revenues in fixed income sales and trading and underwriting and advisory, offset by lower equity sales and trading results.
The bank reported a Basel III common equity tier 1 (CET 1) ratio of 14.6%, while Look-through Swiss Core Capital ratio on a pro forma basis stood at 9.8%.
Headquartered in Zurich and operating in over 50 countries globally, the group employs nearly 46,900 people and caters private banking, investment banking and asset management services.
