(Il Sole 24 Ore Radiocor) - Milano, 29 apr - UBS said it expects second quarter net interest income in the Global Wealth Management and Personal & Corporate Banking divisions to remain broadly steady compared with the first quarter.

It said that it was "confident in delivering on our 2026 financial targets while continuing to invest in sustainable growth and long-term value creation." Regarding Swiss capital requirements, UBS said it would "continue to engage constructively with Swss authorities and contribute to fact-based deliberations. We remain committed to our diversified business model and our global and regional footprint." "We are fully committed to protecting our shareholders while mitigating the impact of these increased requirements, if possible, on our clients, employees and the communities where we live and work.' It noted that for UBS AG standalone, the amendments at the ordinance level related to capitalized software and prudential valuation adjustments, once fully implemented, are expected to have a net CET1 capital impact of approximately 2 billion dollars. The proposed full deduction of investments in foreign subsidiaries would require UBS AG standalone to hold additional CET1 capital of around 20 billion dollars.

These would would come on top of the 15 billion dollars of capital required as a result of the Credit Suisse.

acquisition.

(RADIOCOR) 29-04-26 08:11:27 (0108) 5 NNNN