UBS publishes 2024 Annual Report
March 17 2025 - 1:45AM
Business Wire
Regulatory News:
Ad hoc announcement pursuant to Article 53 of the SIX Exchange
Regulation Listing Rules
UBS (NYSE:UBS) (SWX:UBSN) has published its Annual Report,
presenting fully audited results for the year ending 31 December
2024. The report covers Credit Suisse's integration into UBS,
outlining strategy, business performance, governance, compensation,
financial status, risk management, treasury, capital management,
and the regulatory environment in 2024. Separately, UBS has
published its annual Sustainability Report, providing details on
the bank’s sustainability and impact strategy.
As per the audited results, UBS’s net profit attributable to
shareholders for 2024 was USD 5,085 million, the diluted earnings
per share were USD 1.52, while the CET1 capital ratio was 14.3%.
All figures are unchanged compared to the unaudited results
published on 4 February 2025.
Colm Kelleher, Chairman of the Board of Directors, said: “I am
very proud of the progress we made in 2024, as our teams
substantially advanced the business integration, strengthened UBS’s
position as the world’s truly global wealth manager and affirmed
the bank’s role as an engine for prosperity in our Swiss home
market. Management compensation for 2024 continues to reflect our
disciplined pay-for-performance approach over business cycles. The
vast majority of the variable compensation for Senior Management is
deferred for several years. This ensures that reward reflects
performance, appropriate risk-taking and aligns employees’
interests with those of our stakeholders. Having laid strong
foundations for future growth, UBS can be confident about
continuing to build a stronger, safer bank for clients and for
Switzerland.”
The Sustainability Report provides details on UBS’s
sustainability and impact strategy, including how the firm meets
clients’ sustainable finance and investing needs and supports them
in the transition to a low-carbon world. It provides details on the
further progress in aligning our sustainability approach and
frameworks since the acquisition of Credit Suisse and how we embed
considerations of climate risks and opportunities across our
business. It also sets out our revised targets for achieving
net-zero greenhouse gas emissions across our own operations by
2035, and how we are addressing financed emissions by aligning
specified sectors to decarbonization pathways.
The reports, along with associated disclosures, are available at
www.ubs.com/annualreporting. They are filed with the US Securities
and Exchange Commission (Form 20-F for the Annual Report and Form
6-K for the Sustainability Report).
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UBS Group AG and UBS AG
Investor contact Switzerland: +41-44-234 41 00 Americas: +1 212
882 57 34
Media contact Switzerland: +41-44-234 85 00 UK: +44-207-567 47
14 Americas: +1-212-882 58 58 APAC: +852-297-1 82 00
www.ubs.com/media
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