Financial Report

Income statement

(CHF in millions)	2021	2020	in %
Interest income	382.7	401.8	–5
Interest expense	–26.0	–26.9	–3
Net interest income	356.7	375.0	–5
Commission and fee income	130.3	122.3	7
Net revenues	487.0	497.2	–2
Provision for losses	–40.3	–56.4	–29
Compensation and benefits	–132.2	–129.5	2
General and administrative expenses	–114.0	–117.9	–3
Total operating expenses	–246.3	–247.4	0
Income before income taxes	200.5	193.4	4
Income tax expense	–39.0	–40.5	–4
Net income	161.5	152.9	6

Basic earnings per share (in CHF)	5.50	5.21	6

(At 31 December, CHF in millions)	2021	2020	in %
Assets
Cash and cash equivalents	545	599	–9
Net financing receivables	6’207	6’293	–1
Other assets	344	353	–3
Total assets	7’095	7’244	–2
Liabilities and equity
Deposits	3’199	3’275	–2
Short-term & long-term debt	2’492	2’565	–3
Other liabilities	204	278	–27
Total liabilities	5’895	6’177	–4
Common shares	30	30	0
Additional paid-in capital (APIC)	258	259	–1
Treasury shares	–35	–36	–4
Retained earnings	954	902	6
Accumulated other comprehensive loss (AOCI)	–7	–29	–77
Total shareholders, equity	1’200	1’127	6
Total liabilities and shareholders’ equity	7’095	7’244	–2