Today in Switzerland – Swi Swissinfo.ch
UBS presented its figures for the past year on Tuesday-these go beyond market expectations.
UBS published its first annual result after the acquisition of Credit Suisse. Result: in 2024, The number one Swiss banking has made a profit of $ 5.1 billion (approximately 4’6 billion francs). Admittedly, the benefit of the previous year, 2023, amounted to $ 27 billion (around 24 billion francs), but this was linked to the acquisition of Credit Suisse.
Sergio Ermotti is satisfied with these results. “We have reached all important milestones for 2024 and considerably reduces the risk of integration, while retaining a solid position in terms of capital,” said the great boss of UBS. Shareholders can rejoice. Sergio Ermotti makes them shive A significantly higher dividend: distributions should increase by 29% to reach $ 0.90 per share.
For the current year, the UBS lets glimpse new share buybacks on a large scale: they should amount to around a billion in the first half, then two billion in the second half. The integration of Credit Suisse is on track and should be completed in 2026wrote the bank in its press release.
