Financial Report

Income statement

(CHF in millions)	2022	2021	in %
Interest income	385.6	382.7	1
Interest expense	–29.4	–26.0	13
Net interest income	356.2	356.7	–0
Commission and fee income	152.7	130.3	17
Net revenues	508.9	487.0	4
Provision for losses	–40.9	–40.3	2
Compensation and benefits	–135.5	–132.2	2
General and administrative expenses	–122.0	–114.0	7
Total operating expenses	–257.5	–246.3	5
Income before income taxes	210.5	200.5	5
Income tax expense	–41.2	–39.0	6
Net income	169.3	161.5	5

Basic earnings per share (in CHF)	5.77	5.50	5

(At 31 December, CHF in millions)	2022	2021	in %
Assets
Cash and cash equivalents	633	545	16
Net financing receivables	6,520	6,207	5
Other assets	501	344	46
Total assets	7,653	7,095	8
Liabilities and equity
Deposits	3,513	3,199	10
Short-term & long-term debt	2,613	2,492	5
Other liabilities	253	204	24
Total liabilities	6,379	5,895	8
Common shares	30	30	0
Additional paid-in capital (APIC)	258	258	0
Treasury shares	–37	–35	7
Retained earnings	1,010	954	6
Accumulated other comprehensive income loss (AOCI)	13	–7	n/a
Total shareholders’ equity	1,274	1,200	6
Total liabilities and shareholders’ equity	7,653	7,095	8