Financial Report

Income statement

(CHF in millions)	2020	2019	in %
Interest income	401.8	359.8	12
Interest expense	–26.9	–27.8	–3
Net interest income	375.0	332.0	13
Commission and fee income	122.3	147.7	–17
Net revenues	497.2	479.7	4
Provision for losses	–56.4	–45.1	25
Compensation and benefits	–129.5	–120.5	8
General and administrative expenses	–117.9	–111.3	6
Total operating expenses	–247.4	–231.8	7
Income before income taxes	193.4	202.9	–5
Income tax expense	–40.5	–43.7	–7
Net income	152.9	159.2	–4

Basic earnings per share (in CHF)	5.21	5.53	–6

(At 31 December, CHF in millions)	2020	2019	in %
Assets
Cash and cash equivalents	599	543	10
Net financing receivables	6,293	6,586	–4
Other assets	353	357	–1
Total assets	7,244	7,485	–3
Liabilities and equity
Deposits	3,275	3,495	-6
Short-term & long-term debt	2,565	2,639	–3
Other liabilities	278	260	6
Total liabilities	6,177	6,395	–4
Common shares	30	30	0
Additional paid-in capital (APIC)	259	259	0
Treasury shares	–36	–35	5
Retained earnings	902	860	2
Accumulated other comprehensive loss (AOCI)	–29	–23	22
Total shareholders, equity	1,127	1,091	3
Total liabilities and shareholders’ equity	7,244	7,485	–3