ubs to sell 19 branches in major consolidation effort across switzerland

UBS is undergoing a major branch consolidation in Switzerland, with 19 properties being put up for sale as part of its integration strategy following the acquisition of Credit Suisse.

Horizon Initiative

UBS's branch consolidation initiative, known as "Horizon," aims to streamline its operations by closing duplicate branches while retaining strategically valuable locations.

The consolidation effort involves integrating Credit Suisse branches into UBS's existing network.

Property Sale

As part of the Horizon initiative, UBS is offering 19 properties for sale.

  • Potential buyers have the option to purchase individual buildings, groups of buildings, or the entire portfolio.
  • The deadline for finalizing these transactions is set for spring 2025.

Operational Efficiency

The integration process is supported by state guarantees and is expected to enhance operational efficiency and reduce costs for UBS.

The successful execution of this integration is crucial for UBS to maintain its competitive edge and ensure long-term sustainability in the Swiss market.

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