Goes on file 2015 of ubs, which closed with a Net income of 6,2 billion Swiss francs (5,5 billion euros), up 79% year on year. The Swiss banking group's wealth management reported an operating profit before tax of 2,6 billion euros.
In the last quarter, however, UBS's operating profit stopped at 344 million Swiss francs, down 47% on an annual basis. Profits, however, increased by 11% to 949 million francs, thanks almost exclusively to a maxi tax benefit. In addition, the Swiss bank reported a strong net outflow (CHF 3,4 billion) in the asset management division in the fourth quarter.
A factor, the latter, which added to a very low activity and the geopolitical difficulties in progress, is distancing investors from Ubs, which loses more than 7% on the Stock Exchange in the late morning, despite the decision of the Swiss group to distribute to shareholders an ordinary dividend of 0,60 Swiss francs per share and an extraordinary dividend of 0,25 Swiss francs.
