Listening: UBS to keep 190 bank branches in Switzerland
The head of UBS Switzerland, Sabine Keller-Busse, says around 190 bank branches will remain across the country when Credit Suisse is fully integrated in 2026.
This content was published on
2 minutes
Keystone-SDA
Français
fr
Selon la patronne d’UBS Suisse, il restera 190 succursales en 2026
Original
From the first quarter of 2025, 85 branches of UBS and Credit Suisse will be merged, Keller-Busse, president of the executive board of UBS Switzerland, told the bank’s annual investor conference on Wednesday.
She said the ideal location will be selected each time and by 2026 there will be around 190 bank branches left in Switzerland. This will be roughly the same number that UBS had before it took over Credit Suisse. According to the latest information, Credit Suisse still has around 95 branches in Switzerland.
In order to return to the usual level of profitability after the Credit Suisse takeover, Keller-Busse intends to focus on the “right” level of costs, as well as on growth in strategic business areas and balance sheet optimisation, she added. In the medium term, the aim is to achieve an adjusted return on equity in the Swiss business division of around 19%.
In the first half of 2024, this figure was 14.7%. Before taking over Credit Suisse in 2022, it stood at 19.5%.
With the integration of Credit Suisse, costs have soared. UBS Switzerland’s expenses rose by almost half to CHF1.27 billion in the second quarter. The ratio of costs to revenues, which shows the efficiency of a bank’s operations, rose massively from 51.6% in the same quarter last year to 61.4%. In the second quarter of 2023, Credit Suisse is only included in the accounts for one month, as the bank was taken over in June.
Adapted from German by DeepL/sb
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
Popular Stories
More
Culture
Documentary portrays Swiss teenagers forced to return to parents’ homeland
Should raw milk sales be banned or should consumers decide?
Swiss food regulations do not allow raw milk to be sold for direct consumption. However, a loophole allows 400 raw milk vending machines to do just that.
AI can reduce the number of animals needed for research
This content was published on
Swiss researchers have developed a new, AI-supported method that analyses the behaviour of mice in the laboratory more efficiently.
Geneva Conventions conference on Middle East scheduled for March 2025
This content was published on
The conference on the Middle East of the 196 States party to the Geneva Conventions, organised by Switzerland, will take place in Geneva in March.
Swiss university graduates are popular hires worldwide
This content was published on
Graduates of Swiss universities are popular with international employers, according to the Global Employability University Rankings.
French cross-border workers in Switzerland fear ‘discriminatory’ unemployment reform
This content was published on
In the French region around Geneva, cross-border workers are protesting proposals to cut unemployment benefits for those working in Switzerland.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.