12 Provisions
|
in CHF thousands |
Provisions for legal and litigation risks |
Provisions for other business risks and restructuring |
Total 2022 |
Total 2021 |
|
As at 1 January |
3'658 |
8'558 |
12'217 |
11'199 |
|
Provisions applied |
– 1'393 |
– 847 |
– 2'240 |
– 3'911 |
|
Increase in provisions recognised in the income statement |
521 |
162 |
682 |
5'425 |
|
Decrease in provisions recognised in the income statement |
0 |
– 429 |
– 429 |
– 467 |
|
Changes due to foreign exchange differences |
– 11 |
– 16 |
– 27 |
– 29 |
|
As at 30 June 2022 / 31 December 2021 |
2'775 |
7'427 |
10'202 |
12'217 |
Within the scope of its ordinary banking activity, the LLB Group is involved in various legal disputes and allocates provisions for them if the criteria for provisions are present. Estimates and assumptions are made to assess the amount of provisions required. However, such assumptions can mean that substantial uncertainties could exist in relation to the occurrence of the events for which provisions were allocated.
Provisions for other business risks and restructuring
In the first half of 2022, provisions for restructuring measures amounting to CHF 0.5 million were used for the intended purpose. As at 30 June 2022, provisions for restructuring measures amounting to CHF 4.3 million remained available.
Of the provisions for other business risks totalling CHF 3.1 million, an amount of CHF 2.2 million is allocated for expected credit losses which refer to off-balance-sheet credit commitments and guarantees.