36 Non-current assets and liabilities held for sale

Properties, which are wholly owned by individual Group companies and are available for immediate sale, encompass bank branches in use and rental apartments, as well as unused real estate. In the 2020 business year, several properties were sold at a profit of CHF 1.9 million; the carrying value amounted to CHF 12.2 million. For other properties offers have been received, or sales discussions have taken place.

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

The net balance sheet value amounts to CHF 4.6 million.