- UBS (UBS, Financial) reports a net profit of USD 1.7 billion for Q1 2025, with invested assets totaling USD 6.2 trillion.
- The bank achieved a PBT of USD 2.1 billion, with a CET1 capital ratio of 14.3%, demonstrating strong capital position.
- Significant progress in integration with USD 0.9 billion in cost saves, contributing to an overall reduction goal of USD 13 billion.
UBS has announced a robust financial performance for the first quarter of 2025, with a net profit of USD 1.7 billion and total invested assets amounting to USD 6.2 trillion. The firm's profit before tax (PBT) reached USD 2.1 billion, bolstered by a solid underlying PBT of USD 2.6 billion, reflecting the strength of its diversified global franchise.
The bank reported a CET1 capital ratio of 14.3%, indicating a strong capital position that provides a substantial buffer amidst market volatility. The return on CET1 capital stood at 9.6%, or 11.3% on an underlying basis, demonstrating efficiency in capital utilization.
UBS showcased considerable client momentum with USD 32 billion in net new assets in Global Wealth Management and USD 7 billion in net new money in Asset Management. Moreover, the institution granted or renewed CHF 40 billion in loans in Switzerland during the quarter, including CHF 30 billion in Personal & Corporate Banking.
As part of its ongoing integration efforts, UBS delivered an additional USD 0.9 billion in gross cost savings, increasing the cumulative cost reductions to USD 8.4 billion, which accounts for 65% of its USD 13 billion cost-saving target. The Swiss branch consolidation was completed ahead of planned client account migrations set to commence in the second quarter.
The bank also maintained its commitment to capital returns, having completed USD 0.5 billion in share buybacks and reserving USD 2.5 billion for further repurchases in 2025. Additionally, UBS is advancing its technological investments, including the rollout of 50,000 Microsoft Copilot licenses and increasing cloud adoption to approximately 75%.
Looking ahead, UBS anticipates continued market uncertainty, which could affect interest income and the timing of global banking transactions. Despite these conditions, the bank remains confident in its ability to achieve financial targets while supporting clients and facilitating economic growth.
