15 Non-current assets and liabilities held for sale

(unaudited)

Properties, which are wholly owned by individual Group companies and are available for immediate disposal, encompass utilised bank branches and rental apartments, as well as unused properties. In the first half of 2020 a property was sold at a loss of CHF thousands 4; the carrying value amounted to CHF thousands 172. In some cases offers have been received for other properties, or sales discussions are being held. The sale of another property is expected in the third quarter. Its carrying value amounts to CHF 10.9 million. A profit on the sale of around CHF 1.9 million is expected.

Furthermore, a company that manages rental apartments, which is not wholly owned, is also designated for immediate sale.

The net balance sheet value of all assets totals CHF 16.5 million.