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UBS Group net profit for full year increased 79%

Staff writer |
UBS Group net profit for 2015 increased 79% year on year to CHF 6.2 billion. Adjusted Group profit before tax for the year was CHF 5.6 billion (reported CHF 5.5 billion).

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Wealth Management’s adjusted 1 profit before tax increased 13% to CHF 2.8 billion (reported CHF 2.7 billion), its best annual pre-tax profit since 2008. Wealth Management Americas’ adjusted profit before tax was $874 million (reported $754 million), with record operating income and solid net new money of $21.4 billion.

Personal & Corporate Banking posted its best adjusted profit before tax since 2010 with CHF 1.7 billion (reported CHF 1.6 billion) and attracted a record number of new clients. Asset Management’s adjusted profit before tax of CHF 610 million (reported CHF 584 million) was up 20% year on year, making progress towards its medium-term profit target.

The Investment Bank delivered a strong performance, with an adjusted profit before tax of CHF 2.3 billion (reported CHF 1.9 billion), and achieved an adjusted return on attributed equity of 31% for the full year.

In 2015, UBS continued to improve its Swiss SRB leverage ratio and strengthen its fully applied Swiss SRB Basel III CET1 ratio. These achievements, along with the 79% rise in net profit, allow UBS to deliver on its shareholder return commitment and to offer attractive capital returns.

UBS board intends to propose a total dividend of CHF 0.85 to shareholders at the AGM 2016. It consists of an ordinary dividend of CHF 0.60 per share, reflecting profit for the financial year 2015, and a special dividend of CHF 0.25 per share, reflecting a significant net upward revaluation of deferred tax assets in 2015.

The total dividend will be paid out of capital contribution reserves and, subject to shareholder approval, will be payable on 17 May 2016 to shareholders of record on 13 May 2016.

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