Ubs, the Swiss credit institution, based in Zurich and Basel, closed the third quarter of 2021 with pre-tax profit which stood at 2.865 billion (up 11% on an annual basis), including net value adjustments on receivables amounting to 14 million. Net profit of the second largest bank in Europe and one of the first in the world attributable to shareholders was of 2.279 billion, equal to one 9% increase on an annual basis, with diluted earnings per share of $ 0.63. The CET1 return on capital was 20.8%. At the end of the quarter the CET1 capital ratio stood at 14.9%. The reference target was around 13% and the CET1 leverage ratio at 4.31%, both up on a quarterly basis.
In the first nine months of 2021, the statement reads, “we have repurchased shares for 2 billion and we intend to buy back shares for up to 0.6 billion in the fourth quarter of 2021”. “Our operational dynamics and the our focus on developing growth, on disciplined execution and offering our entire ecosystem to clients produced another quarter of solid results across all of our divisions and regions, with a pre-tax profit of 2.9 billion“commented Ralph Hamers, CEO of the group.