Income statement
audited information

Art. 24c Banking Ord.

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in CHF thousands

2009

2008

+/– %

Interest income

263'026

502'985

–47.7

of which from fixed-interest securities

6'929

7'500

 

of which from trading transactions

133

69

 

Interest expenses

–121'387

–302'631

–59.9

Net interest income

141'639

200'354

–29.3

Shares and other non-fixed-interest securities

5

14

–64.3

of which from trading transactions

0

14

 

Participations

16

6'980

–99.8

Income from securities

21

6'994

–99.7

Credit-related commissions and fees

861

1'024

–15.9

Commissions from securities
and investment business

129'697

164'570

–21.2

Other commission and fee income

17'383

17'063

1.9

Commission and fee expenses

–38'860

–48'055

–19.1

Net commission and fee income

109'081

134'602

–19.0

Income from financial transactions

66'923

–80'177

–183.5

of which from trading business

27'298

24'754

10.3

Income from financial transactions

66'923

–80'177

–183.5

Income from real estate holdings

467

591

–21.0

Sundry ordinary income

5'267

5'336

–1.3

Other ordinary income

5'734

5'927

–3.3

 

 

 

 

Gross income

323'398

267'700

20.8

 

 

 

 

Personnel expenses

–77'605

–72'888

6.5

Administrative expenses

–32'929

–38'712

–14.9

Total operating expenses

–110'534

–111'600

–1.0

 

 

 

 

Gross operating profit

212'864

156'100

36.4

 

 

 

 

Depreciation on intangible assets and fixed assets

–11'004

–8'221

33.9

Other ordinary expenses

–2'066

–5'075

–59.3

Value adjustments on claims and allocations to provisions for contingent liabilities and lending risks

–40'367

–31'893

26.6

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

6'516

2'988

118.1

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

–696

–75'047

–99.1

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

36'536

0

 

 

 

 

 

Result from normal business operations

201'783

38'852

419.4

 

 

 

 

Income taxes

–18'633

–488

3'718.2

Other taxes

–2'879

–2'496

15.3

Income from the release of provisions
for general banking risks

107'625

110'000

–2.2

 

 

 

 

Profit for the year

287'896

145'868

97.4