“Not necessary”: UBS puts 19 branches across Switzerland up for sale

As part of the consolidation of its branch network, the UBS banking group is putting 19 premises of its former subsidiaries across Switzerland up for sale. These are apparently branches that will no longer be needed following the full integration of Credit Suisse.

The UBS Real Estate Advisory team has been tasked with its sales, a spokeswoman for the bank said on Friday, confirming the corresponding information from the news portal “Inside Paradeplatz”. “As we have already communicated, we will close the duplicate branches and keep the best ones.”

As indicated in the excerpts from the sales prospectus published by the German-speaking platform, real estate and condominiums will be put up for sale in Swiss locations such as Locarno, Glarus, Einsiedeln or Martigny. They can be acquired individually or as a “package” (partial or entire portfolio).

As part of the integration of Credit Suisse (CS), UBS plans to close a total of 85 branches at locations with duplicate locations. By 2026, the branch network is expected to have a further 190 branches throughout Switzerland. This is roughly the same number as UBS operated before the acquisition of CS.

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