Income statement

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in CHF thousands

Note

2015

2014

+ / – %

*

The return on capital (annual profit in relation to balance sheet total) as per 31.12.2015 amounted to 0.55 percent (pursuant to the banking ordinance, art. 24e, para. 1, point 6)

Interest income

 

114'127

125'177

−8.8

of which from fixed-interest securities

 

12'388

10'491

18.1

of which from trading transactions

 

44

24

82.1

Interest expenses

 

−25'350

−31'851

−20.4

Net interest income

 

88'776

93'326

−4.9

Shares and other non-fixed-interest securities

 

3

16

−81.0

of which from trading transactions

 

3

16

−81.0

Participations and associated companies

 

15'987

27'561

−42.0

Income from securities

 

15'990

27'577

−42.0

Credit-related commissions and fees

 

392

421

−6.8

Commissions from securities and investment business

 

109'735

116'328

−5.7

Other commission and fee income

 

23'640

23'911

−1.1

Commission and fee expenses

 

−40'725

−45'749

−11.0

Net commission and fee income

 

93'043

94'912

−2.0

Income from financial transactions

 

15'328

35'446

−56.8

of which from trading business

21

35'603

35'197

1.2

Income from real estate holdings

 

1'270

1'288

−1.4

Sundry ordinary income

 

16'329

18'373

−11.1

Other ordinary income

 

17'600

19'661

−10.5

Total operating income

 

230'736

270'922

−14.8

 

 

 

 

 

Personnel expenses

22

−80'257

−83'769

−4.2

Administrative expenses

23

−37'965

−40'829

−7.0

Total operating expenses

 

−118'222

−124'598

−5.1

 

 

 

 

 

Gross operating profit

 

112'515

146'324

−23.1

 

 

 

 

 

Depreciation on intangible assets and fixed assets

 

−24'332

−20'771

17.1

Sundry ordinary expenses

24

−34'668

−17'059

103.2

Allowances on claims and allocations to provisions for contingent liabilities and lending risks

9

−9'634

−12'294

−21.6

Earnings from the release of allowances on claims and of provisions for contingent liabilities and lending risks

9

3'384

9'110

−62.9

Write-downs on participations, shares in associated companies and securities treated as long-term investments

 

−3'493

−52

 

Earnings from write-ups on participations, shares in associated companies and securities treated as long-term investments

 

0

9'151

−100.0

 

 

 

 

 

Result from normal business operations

 

43'771

114'410

−61.7

 

 

 

 

 

Income taxes

 

1'277

−5'003

 

Other taxes

 

2'525

−3'000

 

releases / (additions) to provisions for general banking risks

 

30'000

−30'000

 

 

 

 

 

 

Profit for the year *

 

77'573

76'407

1.5