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Provisions
 6 Months Ended
Jun. 30, 2023
Disclosure Of Other Provisions [Line Items]  
Disclosure Of Provisions Explanatory
Note 15
 
Provisions and contingent liabilities
a) Provisions and contingent liabilities
The table below presents an overview of total provisions
 
and contingent liabilities.
 
 
 
 
 
 
 
 
USD m
30.6.23
31.3.23
31.12.22
Provisions related to expected credit losses (IFRS 9,
Financial instruments
)
1
367
214
201
Provisions related to Credit Suisse loan commitments (IFRS
 
3,
Business Combinations
)
2
4,400
Provisions related to litigation, regulatory and similar matters
 
(IAS 37 Provisions, Contingent Liabilities and Contingent Assets)
6,126
3,306
2,586
Acquisition-related contingent liabilities (IFRS 3,
Business Combinations
)
2
2,992
Other provisions
1,044
416
456
Total provisions and contingent liabilities
14,929
3,937
3,243
of which: Credit Suisse
2
11,071
1 Refer to Note 8c for more information.
 
2 Refer to Note 2 for more information about the acquisition of the Credit Suisse Group.
The following
 
table presents
 
additional information
 
for Provisions
 
related to
 
litigation, regulatory
 
and similar
 
matters
and other provisions.
 
 
 
 
 
 
 
 
 
 
USD m
Litigation,
regulatory and
similar matters
1
Other
2
Total
Balance as of 31 December 2022
2,586
456
3,042
Balance as of 31 March 2023
3,306
416
3,723
Provisions recognized upon acquisition of Credit Suisse
2,838
707
3,545
Increase in provisions recognized in the income statement
70
41
111
Release of provisions recognized in the income statement
(1)
(8)
(9)
Provisions used in conformity with designated purpose
(90)
(126)
(216)
Foreign currency translation and other movements
3
2
14
16
Balance as of 30 June 2023
6,126
1,044
7,170
of which: Credit Suisse
4
2,837
649
3,487
1 Consists of provisions
 
for losses resulting
 
from legal, liability
 
and compliance risks.
 
2 Mainly includes
 
provisions related to
 
onerous contracts,
 
real estate and
 
employee benefits.
 
3 Other movements include
capitalized reinstatement costs and unwinding of discount.
 
4 Refer to Note 2 for more information about the acquisition of the Credit Suisse Group.
Information about provisions and
 
contingent liabilities in respect of
 
litigation, regulatory and similar matters,
 
as a
class,
 
is
 
included
 
in
 
Note
 
15b.
 
There
 
are
 
no
 
material
 
contingent
 
liabilities
 
associated
 
with
 
the
 
other
 
classes
 
of
provisions.