UBS Group AG (UBS Group AG) Credit Losses Provision : $1,220 Mil (As of Dec. 2023)

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What is UBS Group AG Credit Losses Provision?

UBS Group AG's credit losses provision for the three months ended in Dec. 2023 was $136 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $1,220 Mil.

UBS Group AG's quarterly credit losses provision declined from Jun. 2023 ($740 Mil) to Sep. 2023 ($306 Mil) and declined from Sep. 2023 ($306 Mil) to Dec. 2023 ($136 Mil).

UBS Group AG's annual credit losses provision increased from Dec. 2021 ($-148 Mil) to Dec. 2022 ($29 Mil) and increased from Dec. 2022 ($29 Mil) to Dec. 2023 ($1,037 Mil).

UBS Group AG Credit Losses Provision Historical Data

The historical data trend for UBS Group AG's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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UBS Group AG Credit Losses Provision Chart

UBS Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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78.00

694.00

-148.00

29.00

1,037.00

UBS Group AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															7.00	38.00	740.00	306.00	136.00

UBS Group AG Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,220 Mil.

UBS Group AG (UBS Group AG) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

UBS N:Mexico UBSGz:UK 0R3T:UK UBSG:Switzerland UBSG34:Brazil

Address

Bahnhofstrasse 45, Zurich, CHE, CH-8001

Website

https://www.ubs.com

The core of UBS is its global wealth management business focusing on high and ultra-high-net-worth individuals. UBS is also a conventional retail and commercial bank in its Swiss home market. Its investment bank and asset management businesses support its wealth management operations, but also leverage its strength in wealth management to serve third-party clients.