UBS’s net profit in January-September has doubled

UBS’s net profit in January-September has doubled


Diluted earnings per share amounted to 1.40 Swiss franc compared to 0.68 franc in January-September 2014. Operating profit for the last quarter reached 7,17 billion francs.

MOSCOW, 3 Nov. Net profit of the largest Swiss Bank UBS AG on the results of the first nine months of 2015 increased 1.99 times compared with the same period of the previous year and amounted to RUB 5,437 billion Swiss francs (5.5 billion dollars), according to the financial report of the Bank.

Diluted earnings per share amounted to 1.40 Swiss francs (1.41 USD) compared with the figure for January-September 2014 of 0.68 francs (0,68 dollar) per share. Operating profit amounted to UBS 23,839 billion Swiss francs (24,148 billion), which is 11.9% higher than in 2014.

Net profit for the third quarter of 2015 amounted to 2,083 billion francs (2,11 billion), which is 2.7 times higher than the figure for the same period in 2014. Diluted earnings per share for the July-September 2015 $ 0.54 franc (0.54 per dollar) versus the franc 0,20 (0,20 USD) a year earlier.

Operating profit for the last quarter reached 7,17 billion francs (UAH 7,262 billion), an increase of 4.2% compared to a year ago.

“I am pleased with the quarter. We stayed close to our clients in very difficult conditions. Disciplined work and a diversified business model allowed us to obtain high returns for our shareholders, ensuring continued investment in our future” — presented in the release words of the head of UBS Sergio Ermotti (Sergio Ermotti).

UBS Bank exists for over 150 years and has operations in more than 50 countries. The number of employees is about 65 thousand people. The Bank’s headquarters are located in Basel and Zurich.