UBS Second Quarter Net Profit Up 53 Percent – Major Asian Input

UBS has delivered a robust second-quarter adjusted profit before tax of CHF 1,635 million despite continued market and economic uncertainty.

Net profit attributable to UBS Group AG shareholders was CHF 1,209 million, up 53% compared with the second quarter of 2014, with diluted earnings per share of CHF 0.32.

In Asia net new money for the quarter ended 30th June 2015 was reported as CHF 3.4 billion, invested assets in Asia were quoted as CHF274 billion.

Wealth Management delivered its best second-quarter result since 2009 with an adjusted profit before tax of CHF 769 million. The business continued to generate high-quality earnings, with an increase in recurring income reflecting continued success in its strategic initiatives to grow loans and increase mandate penetration, as well as further pricing measures.

Adjusted net new money was robust at CHF 8.4 billion, driven by inflows from all regions and segments, most notably its market-leading Asia Pacific franchise, as well as from Ultra High Net Worth clients.

Sergio P. Ermotti, Group Chief Executive Officer said, “I am pleased with the quarter. We maintained our momentum despite ongoing market challenges, and establishing UBS Switzerland AG was another major milestone in enhancing resolvability. We remain focused on building on our early mover advantage with a clear strategy, while increasing effectiveness and efficiency, and further investing for profitable growth.”

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