ubs reports third quarter net profit of 1.4 billion dollars

UBS Group AG has announced a net profit of $1.4 billion for the third quarter, which belongs to the shareholders.

The company operates in four main business areas, with Wealth Management contributing the largest portion of total income at 54.3%. This is followed by Investment Bank at 24.9%, Client Bank and Commercial Bank at 12.3%, and Asset Management at 8.5%.

As of the end of 2020, UBS managed CHF 525.1 billion in deposits and CHF 387.2 billion in loans. In terms of geographical distribution, North and South America account for 39.9% of the operating income, while Switzerland contributes 22.3%, Europe, the Middle East, and Africa 20.2%, and the Asia-Pacific region 16.2%. The remaining 1.4% is categorized as Other.

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