Founded in 1998, UBS is a Swiss-based financial company. UBS is one of the largest universal banks in Switzerland offering comprehensive advice and a broad range of retail, private, corporate banking products and services to individuals, corporate and institutional clients. On the international markets UBS is focused on providing financial solutions to wealthy, institutional and corporate clients.
UBS AG is the 2nd largest bank in Switzerland in terms of total assets. In 2016 its total assets were 439,48 bln CHF, providing the bank with the market share of 14.20%. UBS AG is the 2nd largest big bank in Switzerland (out of 4 big banks) having market share of 30.21% amongst the banks of this category. In 2017 the bank's net income was 909,00 mln CHF.
UBS AG is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is AA- (very high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade).
UBS AG participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.
UBS AG is headquartered in Zürich, Basel.
|Total Assets (2016)|
|439.48 bln CHF (-7.88%)|
In 2016 total assets of UBS AG were 439.48 bln CHF. Decline compared to the previous period (2015) was -7.88%. The evolution of the total assets of UBS AG is shown at Chart 1 below.
Chart 1. Total Assets of UBS AG.
|Net Income (2017)|
|909.00 mln CHF (-71.98%)|
In 2017 net income of UBS AG was 909.00 mln CHF. Decline compared to the previous period (2016) was -71.98%. The evolution of the net income of UBS AG is shown at Chart 2 below.
Chart 2. Net Income of UBS AG.
|AA- (very high credit quality)||Aa3 (high grade)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. UBS AG is rated by Fitch and Moody's.
Credit ratings assigned to UBS AG as of May 2018 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for UBS AG it is set to AA- (very high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for UBS AG is set to F1+ (highest short-term credit quality).
|Long-Term Issuer Default Rating||AA-|
|Short-Term Issuer Default Rating||F1+|
|Support Rating Floor||NF|
Viability rating for UBS AG is set to a+ (high fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).
Long-term rating for UBS AG it is set to Aa3 (high grade). Long-term bank deposit rating is Aa3 (high grade). Baseline credit assessment is baa1. Short-term rating is not assigned.
|Long-Term Bank Deposit Rating||Aa3|
|Baseline Credit Assessment||baa1|
|Outlook||ratings under review|
Outlook for the ratings of UBS AG is set to ratings under review (an issuer has one or more ratings under review, and thus overrides the outlook designation).
|Yes (up to 100 000 CHF per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Switzerland are obliged to participate in Swiss deposit guarantee scheme.
In the case of UBS AG failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||private individuals, commercial enterprises and public-sector offices|
|Covered Accounts||credit balances (e.g. personal accounts, savings accounts, investment accounts, salary accounts, numbered accounts, deposit accounts and current accounts)|
|Maximum Protected Amount||100 000 CHF|
|Paid In Currency||CHF|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of UBS AG and its components are shown in the table below.
|Bank BIC Code||UBSW|
|Country Code||CH (Switzerland)|
Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.
The following banks operating under UBS brand name has been recently closed down: