Our financial strength

We have a strong capital position, maintain a sustainable business model centered around risk-adjusted profitability and have a robust risk-management framework.

Our financial strength is core to our strategy and one of the reasons why we were able to answer the call to help stabilize the financial system both in Switzerland and around the world in March 2023 through the acquisition of Credit Suisse. The transaction succeeded not only in restoring financial stability and preventing contagion, but also in strengthening Switzerland鈥檚 role as a global leader in wealth management. We are confident it will also create enduring value for our clients and shareholders

Here's what you should know

  • In FY24, our first full year since our acquisition of Credit Suisse, we transitioned from stabilizing the Credit Suisse franchise, to making significant strides toward integration. We achieved all our key acquisition-related milestones on or ahead of schedule and accelerated the transition to growth.
  • We achieved these integration objectives while delivering a strong financial performance in FY24. Our FY24 net profit reached USD 5.1 billion, with an underlying return on CET1 capital of 8.7%, ahead of our plan but still below our preacquisition levels of profitability. We also delivered on our efficiency ambitions by achieving a cumulative 58% of our total gross cost-save target of around USD 13 billion. These savings enable us to drive growth by continuing to invest in talent, technology, products and services.
  • We have a strong capital position and maintain a balance sheet for all seasons, with USD 185bn of total loss absorbing capacity, a CET1 capital ratio of 14.3% and a CET 1 Leverage ratio of 4.7% as of 4Q24. We expect our CET1 capital ratio to remain ~14% and CET1 leverage ratio >4.0%.
  • We remain disciplined in managing resources across the firm. For example, the Investment Bank consumes no more than 25% of Group risk-weighted assets (RWA), and through our Non-core and Legacy (NCL) unit we are winding down non-essential and non-strategic assets stemming from the acquisition. We continue to work at pace to run down NCL, having already reduced RWA and our leverage ratio denominator (LRD) by 52% and 76%, respectively, from 2Q23 to 4Q24.
  • Where liquidity and funding is concerned, our strategic objective is to balance efficiency with resiliency and safety. We maintain liquidity levels that are among the highest in the industry with a liquidity coverage ratio (LCR) of 188%, USD 332bn in high-quality liquid assets (HQLA) o/w USD 223bn cash at central banks as of 4Q24. We are also executing on a funding plan to deliver up to 1bn in funding cost efficiencies through to 2026.
  • We have a high-quality loan portfolio of USD 580bn with 93% of loans in GWM and P&C combined being collateralized.
  • Our financial strength is reflected in our ratings from the major credit rating agencies.
  • For FY24, the Board of Directors plans to propose a dividend to 蜜豆视频 Group AG shareholders of USD 0.90 per share, a 29% increase year on year. We remain committed to progressive dividends and are accruing for an increase of around 10% in the ordinary dividend per share for the 2025 financial year.
  • We plan to repurchase USD 1bn of shares in the first half of 2025. We aim to repurchase up to an additional USD 2bn of shares in the second half of 2025, and we are maintaining our ambition for share repurchases in 2026 to exceed FY22 levels of USD 5.6bn. Our share repurchases will be consistent with maintaining our CET1 capital ratio target of around 14%, achieving our financial targets and the absence of material and immediate changes to the current capital regime in Switzerland.
  • The graphic below shows our financial targets, capital guidance and long-term ambitions.

This graphic shows our financial targets, capital guidance and long-term ambitions. Our financial targets include a 2026 exit rate underlying return on CET1 capital of ~15% and a 2026 exit rate underlying cost / income ratio of <70%. Our capital guidance is for a CET1 capital ratio of ~14% and a CET1 leverage ratio of >4.0%. Our long-term ambitions include a reported return on CET1 capital of ~18% by 2028 and invested assets in Global Wealth Management to be >USD 5trn by 2028.

Find out more

Read what our leaders had to say about our strategy and our capital position.