Swiss Bank UBS posted 2Q12 pre tax profit at Swiss Franc (CHF) 951 m vs CHF 1654 m a year ago. The co. also saw its net interest income decline 12 percent y/y to CHF 1393 m.
What is to be seen is that its Net profits declined by more than half to CHF 698 m vs CHF 1278 m a year ago.
It wealth management business saw inflows rise to CHF 13.2 b. Its Tier I capital ratio came at 19.2 percent from 18.7 percent a year ago. Customers deposits rose CHF 19 b to CHF 362 m on higher inflows into the wealth management and retail and corporate banking divisions. The co. also recorded a loss of CHF 349 m in equities linked to Facebook’s IPO. (IR, UBS AG)