UBS, the largest bank in Switzerland, announced this Wednesday, the 30th, that it obtained a net profit of 6,568 million dollars (5,643 million euros) in the first nine months of the year, 52% more than in the same period in 2024.
The bank’s revenue, consolidated as one of the sector’s giants in Europe after the acquisition of Credit Suisse in 2023, totaled 37,429 million dollars (32,134 million euros) from January to September, an increase of 1.2% compared to the previous year.
The entity also released numbers for the third quarter, in which net profits totaled 2,481 million dollars, 74% more than in the same period in 2024, while revenue grew 3.4% compared to the previous year, totaling 12,760 million dollars.
“We achieved excellent financial performance in the third quarter of 2025, driven by strong dynamism in our core businesses and a disciplined execution of our strategic priorities”, assessed executive president (CEO) Sergio Ermotti in the results report.
Ermotti also highlighted the “solid and resilient balance sheet in all types of environments” and the intense activity of private and institutional clients that allowed them to approach seven billion dollars in assets under management, 4% more than in the middle of the year.
Specifically, in the third quarter the new net assets of the global wealth management division reached 38,000 million dollars, and the total accumulated for the year rose to 92,000 million, which almost meets the objective of 100,000 million dollars, set for the entire year 2025.
UBS also highlighted that the integration process of Credit Suisse – acquired at the request of the Swiss Government to avoid its bankruptcy – continues, with more than 700,000 customer accounts already transferred from one entity to another.
This represents more than two-thirds of the client accounts that UBS anticipated transferring, the report highlighted, adding that the integration of the asset management division has largely been completed and that in the process, $10 billion in costs was saved a quarter ahead of schedule.
In the report, UBS confirmed that it requested a license to operate in the United States, with the aim of serving its clients in the wealth management division, and highlighted the increasing implementation of artificial intelligence in its activities.
This option led UBS to even appoint an advisor responsible for this new technology (Daniele Magazzeni), which is already used by 85,000 of its employees.
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