ubs archives the first quarter of 2018 with a Net income of 1,5 billion Swiss francs (1,2 billion euros), up 19% year on year. L'pre-tax profit stood at 1,973 billion francs (+17%), while the figure pre-tax adjusted it stopped at 1,876 billion, down 3% on the year. The turnover, on the other hand, rose to 7,6 billion francs (+2%), driven by the result of asset management and investment banking activities.
“2018 has started in an excellent way – he said Sergio Ermotti, Group Chief Executive Officer – Our results once again demonstrate the strength of our diversified business. The current dynamics of our bank are good and we continue to invest in growth and efficiency”.
Also in the first quarter, net collection of the Swiss banking giant stood at 50 billion francs in its asset management and asset management businesses, while the capital ratio Cet1 was equal to 13,1% and theleverage ratio Cet1 al 3,76%.
Le asset management business they increased revenue by 5% to 4,1 billion francs, thanks to higher interest margins and lower fees. THE net new capital flows they amounted to 19 billion Swiss francs.
In the sector of merchant banking, revenues increased by 10% to 2,3 billion francs, thanks in particular to its activity on the equity markets.
As for forecasts for the future, UBS believes that “global growth prospects will continue to support markets, and this in spite of geopolitical tensions e the rise of protectionism still represent a threat to investor confidence.
