XML 42 R32.htm IDEA: XBRL DOCUMENT
v3.21.2

Expected credit loss measurement (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Disclosure Of Financial Assets [Line Item] |
Disclosure Of Credit Loss Expense Recovery Explanatory | Credit loss (expense) / release USD million Global Wealth Management Personal & Corporate Banking Asset Management Investment Bank Group Functions Total For the quarter ended 30.6.21 Stages 1 and 2 13 51 0 24 (1) 88 Stage 3 0 (5) 0 (3) 0 (8) Total credit loss (expense) / release 14 46 0 21 (1) 80
Disclosure Of Key Macro Economic Variables Explanatory | Baseline Key parameters 2020 2021 2022 Real GDP growth (annual percentage change) United States (3.6) 6.9 5.9 Eurozone (7.4) 4.3 5.3 Switzerland (4.5) 3.3 3.0 Unemployment rate (%, annual average) United States 8.1 5.4 4.4 Eurozone 8.5 8.6 8.1 Switzerland 3.2 3.3 3.1 Real estate (annual percentage change, Q4) United States 3.4 6.5 2.9 Eurozone (0.3) 2.9 1.0 Switzerland 4.0 5.0 1.0
Disclosure Of Credit Risk Exposure Explanatory | USD million 30.6.21 Carrying amount¹ / Total exposure ECL allowances / provisions Financial instruments measured at amortized cost Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Cash and balances at central banks 160,672 160,672 0 0 0 0 0 0 Loans and advances to banks 16,500 16,457 42 0 (8) (6) (1) (1) Receivables from securities financing transactions 83,494 83,494 0 0 (3) (3) 0 0 Cash collateral receivables on derivative instruments 29,785 29,785 0 0 0 0 0 0 Loans and advances to customers 390,126 369,810 18,403 1,913 (950) (124) (156) (670) of which: Private clients with mortgages 147,827 137,851 9,140 836 (139) (26) (76) (37) of which: Real estate financing 42,627 37,950 4,663 14 (49) (17) (32) 0 of which: Large corporate clients 14,294 12,671 1,229 395 (246) (20) (19) (207) of which: SME clients 14,116 11,753 1,814 549 (291) (20) (19) (253) of which: Lombard 146,167 146,135 0 32 (35) (6) 0 (29) of which: Credit cards 1,611 1,255 327 28 (34) (9) (9) (16) of which: Commodity trade finance 3,399 3,345 38 16 (103) (5) 0 (98) Other financial assets measured at amortized cost 27,143 26,398 436 309 (124) (30) (9) (86) of which: Loans to financial advisors 2,415 1,924 197 295 (103) (23) (6) (74) Total financial assets measured at amortized cost 707,720 686,616 18,882 2,222 (1,085) (163) (166) (757) Financial assets measured at fair value through other comprehensive income 7,775 7,775 0 0 0 0 0 0 Total on-balance sheet financial assets in scope of ECL requirements 715,496 694,392 18,882 2,222 (1,085) (163) (166) (757) Off-balance sheet (in scope of ECL) Guarantees 17,457 15,719 1,580 158 (52) (15) (9) (27) of which: Large corporate clients 3,142 1,995 1,035 112 (13) (3) (3) (7) of which: SME clients 1,269 1,002 222 46 (13) (1) (1) (12) of which: Financial intermediaries and hedge funds 7,465 7,257 208 0 (16) (10) (5) 0 of which: Lombard 2,166 2,166 0 0 (1) 0 0 (1) of which: Commodity trade finance 2,372 2,342 30 0 (2) (1) 0 (1) Irrevocable loan commitments 37,751 34,505 3,064 181 (118) (69) (49) 0 of which: Large corporate clients 22,464 19,621 2,718 125 (103) (61) (42) 0 Forward starting reverse repurchase and securities borrowing agreements 8,253 8,253 0 0 0 0 0 0 Committed unconditionally revocable credit lines 38,796 35,201 3,526 68 (36) (28) (8) 0 of which: Real estate financing 6,542 6,135 407 0 (5) (4) (1) 0 of which: Large corporate clients 4,383 2,924 1,434 25 (7) (4) (3) 0 of which: SME clients 5,173 4,498 643 32 (14) (12) (2) 0 of which: Lombard 8,632 8,632 0 0 0 0 0 0 of which: Credit cards 9,298 8,825 464 9 (6) (5) (2) 0 of which: Commodity trade finance 251 251 0 0 0 0 0 0 Irrevocable committed prolongation of existing loans 5,281 5,260 20 1 (3) (2) (1) 0 Total off-balance sheet financial instruments and other credit lines 107,537 98,938 8,191 408 (209) (114) (67) (27) Total allowances and provisions (1,294) (277) (233) (784) 1 The carrying amount of financial assets measured at amortized cost represents the total gross exposure net of the respective ECL allowances. USD million 31.3.21 Carrying amount¹ / Total exposure ECL allowances / provisions Financial instruments measured at amortized cost Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Cash and balances at central banks 158,914 158,914 0 0 0 0 0 0 Loans and advances to banks 18,448 18,387 61 0 (12) (8) (3) (1) Receivables from securities financing transactions 82,384 82,385 0 0 (3) (3) 0 0 Cash collateral receivables on derivative instruments 35,046 35,046 0 0 0 0 0 0 Loans and advances to customers 376,798 355,787 18,995 2,016 (993) (138) (184) (671) of which: Private clients with mortgages 142,611 132,636 9,118 857 (158) (37) (86) (35) of which: Real estate financing 41,092 36,099 4,979 15 (56) (15) (41) 0 of which: Large corporate clients 13,305 11,155 1,673 477 (271) (28) (28) (216) of which: SME clients 14,034 11,620 1,886 527 (283) (19) (19) (246) of which: Lombard 141,139 141,112 0 27 (34) (5) 0 (30) of which: Credit cards 1,392 1,063 301 28 (33) (9) (8) (16) of which: Commodity trade finance 3,695 3,663 16 15 (101) (5) 0 (96) Other financial assets measured at amortized cost 26,770 26,036 314 420 (125) (32) (7) (86) of which: Loans to financial advisors 2,473 1,961 107 405 (104) (26) (4) (75) Total financial assets measured at amortized cost 698,361 676,554 19,371 2,436 (1,133) (180) (195) (758) Financial assets measured at fair value through other comprehensive income 8,100 8,100 0 0 0 0 0 0 Total on-balance sheet financial assets in scope of ECL requirements 706,460 684,654 19,371 2,436 (1,133) (180) (195) (758) Off-balance sheet (in scope of ECL) Guarantees 17,493 15,377 1,952 164 (59) (15) (15) (29) of which: Large corporate clients 3,425 2,025 1,281 119 (17) (3) (5) (9) of which: SME clients 1,243 936 262 45 (12) 0 (1) (11) of which: Financial intermediaries and hedge funds 7,579 7,304 275 0 (18) (9) (9) 0 of which: Lombard 2,136 2,136 0 0 (2) 0 0 (1) of which: Commodity trade finance 2,057 2,031 26 0 (4) (1) 0 (3) Irrevocable loan commitments 38,137 34,312 3,730 95 (138) (75) (63) 0 of which: Large corporate clients 22,943 19,600 3,278 65 (121) (68) (54) 0 Forward starting reverse repurchase and securities borrowing agreements 5,988 5,988 0 0 0 0 0 0 Committed unconditionally revocable credit lines 39,424 35,311 4,023 89 (45) (27) (18) 0 of which: Real estate financing 7,227 6,786 432 9 (11) (5) (6) 0 of which: Large corporate clients 4,429 2,713 1,690 25 (9) (3) (6) 0 of which: SME clients 5,036 4,120 878 39 (14) (11) (3) 0 of which: Lombard 8,566 8,566 0 0 (1) (1) 0 0 of which: Credit cards 9,175 8,695 469 11 (6) (5) (1) 0 of which: Commodity trade finance 322 322 0 0 0 0 0 0 Irrevocable committed prolongation of existing loans 5,824 5,785 34 5 (3) (3) 0 0 Total off-balance sheet financial instruments and other credit lines 106,865 96,773 9,738 354 (245) (121) (95) (29) Total allowances and provisions (1,378) (301) (290) (787) 1 The carrying amount of financial assets measured at amortized cost represents the total gross exposure net of the respective ECL allowances. USD million 31.12.20 Carrying amount¹ / Total exposure ECL allowances / provisions Financial instruments measured at amortized cost Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Cash and balances at central banks 158,231 158,231 0 0 0 0 0 0 Loans and advances to banks 15,444 15,260 184 0 (16) (9) (5) (1) Receivables from securities financing transactions 74,210 74,210 0 0 (2) (2) 0 0 Cash collateral receivables on derivative instruments 32,737 32,737 0 0 0 0 0 0 Loans and advances to customers 379,528 356,948 20,341 2,240 (1,060) (142) (215) (703) of which: Private clients with mortgages 148,175 138,769 8,448 959 (166) (35) (93) (39) of which: Real estate financing 43,429 37,568 5,838 23 (63) (15) (44) (4) of which: Large corporate clients 15,161 12,658 2,029 474 (279) (27) (40) (212) of which: SME clients 14,872 11,990 2,254 628 (310) (19) (23) (268) of which: Lombard 133,850 133,795 0 55 (36) (5) 0 (31) of which: Credit cards 1,558 1,198 330 30 (38) (11) (11) (16) of which: Commodity trade finance 3,269 3,214 43 12 (106) (5) 0 (101) Other financial assets measured at amortized cost 27,194 26,377 348 469 (133) (34) (9) (90) of which: Loans to financial advisors 2,569 1,982 137 450 (108) (27) (5) (76) Total financial assets measured at amortized cost 687,345 663,763 20,873 2,709 (1,211) (187) (229) (795) Financial assets measured at fair value through other comprehensive income 8,258 8,258 0 0 0 0 0 0 Total on-balance sheet financial assets in scope of ECL requirements 695,603 672,021 20,873 2,709 (1,211) (187) (229) (795) Off-balance sheet (in scope of ECL) Guarantees 17,081 14,687 2,225 170 (63) (14) (15) (34) of which: Large corporate clients 3,710 2,048 1,549 113 (20) (4) (5) (12) of which: SME clients 1,310 936 326 48 (13) (1) (1) (11) of which: Financial intermediaries and hedge funds 7,637 7,413 224 0 (17) (7) (9) 0 of which: Lombard 641 633 0 8 (2) 0 0 (2) of which: Commodity trade finance 1,441 1,416 25 0 (2) (1) 0 0 Irrevocable loan commitments 41,372 36,894 4,374 104 (142) (74) (68) 0 of which: Large corporate clients 24,209 20,195 3,950 64 (121) (63) (58) 0 Forward starting reverse repurchase and securities borrowing agreements 3,247 3,247 0 0 0 0 0 0 Committed unconditionally revocable credit lines 40,134 35,233 4,792 108 (50) (29) (21) 0 of which: Real estate financing 6,328 5,811 517 0 (12) (5) (7) 0 of which: Large corporate clients 4,909 2,783 2,099 27 (9) (2) (7) 0 of which: SME clients 5,827 4,596 1,169 63 (16) (12) (4) 0 of which: Lombard 9,671 9,671 0 0 0 (1) 0 0 of which: Credit cards 8,661 8,220 430 11 (8) (6) (2) 0 of which: Commodity trade finance 242 242 0 0 0 0 0 0 Irrevocable committed prolongation of existing loans 3,282 3,277 5 0 (2) (2) 0 0 Total off-balance sheet financial instruments and other credit lines 105,116 93,337 11,396 382 (257) (119) (104) (34) Total allowances and provisions (1,468) (306) (333) (829) 1 The carrying amount of financial assets measured at amortized cost represents the total gross exposure net of the respective ECL allowances. Coverage ratios for core loan portfolio 30.6.21 Gross carrying amount (USD million) ECL coverage (bps) On-balance sheet Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Private clients with mortgages 147,966 137,877 9,216 874 9 2 82 427 Real estate financing 42,677 37,967 4,696 14 12 4 69 101 Large corporate clients 14,540 12,691 1,247 602 169 16 151 3,446 SME clients 14,407 11,772 1,833 802 202 17 102 3,152 Lombard 146,202 146,141 0 61 2 0 0 4,698 Credit cards 1,644 1,264 336 44 205 72 261 3,608 Commodity trade finance 3,503 3,350 38 114 295 15 2 8,605 Other loans and advances to customers 20,137 18,871 1,193 73 26 11 13 4,051 Loans to financial advisors 2,518 1,946 202 369 408 116 290 2,016 Total 1 393,594 371,880 18,762 2,952 27 4 86 2,521 Gross exposure (USD million) ECL coverage (bps) Off-balance sheet Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Private clients with mortgages 8,063 7,809 251 3 4 4 7 349 Real estate financing 8,048 7,596 452 0 9 7 49 0 Large corporate clients 29,990 24,540 5,187 262 41 27 91 278 SME clients 8,273 7,099 1,040 134 43 20 91 878 Lombard 14,736 14,735 0 0 1 0 0 0 Credit cards 9,298 8,825 464 9 7 5 33 0 Commodity trade finance 2,623 2,593 30 0 8 5 50 0 Financial intermediaries and hedge funds 10,576 10,110 466 0 17 12 120 0 Other off-balance sheet commitments 7,678 7,377 301 0 17 8 21 0 Total 2 99,284 90,685 8,191 408 21 13 82 671 1 Includes Loans and advances to customers of USD 391,076 million and Loans to financial advisors of USD 2,518 million, which are presented on the balance sheet line Other assets measured at amortized cost. 2 Excludes Forward starting reverse repurchase and securities borrowing agreements. Coverage ratios for core loan portfolio 31.3.21 Gross carrying amount (USD million) ECL coverage (bps) On-balance sheet Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Private clients with mortgages 142,770 132,673 9,204 893 11 3 93 396 Real estate financing 41,148 36,113 5,020 15 14 4 81 78 Large corporate clients 13,577 11,184 1,701 692 200 25 162 3,114 SME clients 14,317 11,639 1,905 773 198 16 98 3,179 Lombard 141,173 141,117 0 56 2 0 0 5,260 Credit cards 1,425 1,073 309 44 233 88 266 3,555 Commodity trade finance 3,796 3,668 16 111 267 14 2 8,620 Other loans and advances to customers 19,585 18,458 1,024 103 28 11 26 3,211 Loans to financial advisors 2,578 1,987 111 480 405 131 337 1,558 Total 1 380,369 357,911 19,290 3,167 29 5 97 2,355 Gross exposure (USD million) ECL coverage (bps) Off-balance sheet Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Private clients with mortgages 7,455 7,226 217 13 6 5 16 111 Real estate financing 8,513 8,049 455 9 17 7 192 53 Large corporate clients 30,796 24,339 6,249 209 48 31 102 422 SME clients 8,101 6,626 1,367 108 41 20 70 973 Lombard 14,603 14,603 0 0 2 1 0 0 Credit cards 9,175 8,695 469 11 7 6 30 0 Commodity trade finance 2,379 2,352 26 0 18 5 28 0 Financial intermediaries and hedge funds 11,090 10,468 622 0 19 10 169 0 Other off-balance sheet commitments 8,764 8,428 332 4 14 7 23 0 Total 2 100,877 90,785 9,738 354 24 13 98 831 1 Includes Loans and advances to customers of USD 377,791 million and Loans to financial advisors of USD 2,578 million, which are presented on the balance sheet line Other assets measured at amortized cost. 2 Excludes Forward starting reverse repurchase and securities borrowing agreements. Coverage ratios for core loan portfolio 31.12.20 Gross carrying amount (USD million) ECL coverage (bps) On-balance sheet Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Private clients with mortgages 148,341 138,803 8,540 998 11 2 108 390 Real estate financing 43,492 37,583 5,883 27 15 4 75 1,414 Large corporate clients 15,440 12,684 2,069 686 181 21 192 3,089 SME clients 15,183 12,010 2,277 896 204 16 101 2,991 Lombard 133,886 133,800 0 86 3 0 0 3,592 Credit cards 1,596 1,209 342 46 240 91 333 3,488 Commodity trade finance 3,375 3,219 43 113 315 16 2 8,939 Other loans and advances to customers 19,274 17,781 1,402 91 31 14 25 3,563 Loans to financial advisors 2,677 2,009 142 526 404 135 351 1,446 Total 1 383,266 359,099 20,697 3,470 30 5 106 2,247 Gross exposure (USD million) ECL coverage (bps) Off-balance sheet Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Private clients with mortgages 6,285 6,083 198 3 7 6 16 197 Real estate financing 7,056 6,576 481 0 21 9 185 0 Large corporate clients 32,828 25,026 7,598 205 46 27 92 565 SME clients 9,121 7,239 1,734 148 40 19 63 779 Lombard 14,178 14,170 0 8 2 1 0 1,941 Credit cards 8,661 8,220 430 11 9 8 44 0 Commodity trade finance 1,683 1,658 25 0 10 8 15 0 Financial intermediaries and hedge funds 7,690 7,242 448 0 26 13 248 166 Other off-balance sheet commitments 14,366 13,876 482 8 13 7 11 0 Total 2 101,869 90,090 11,396 382 25 13 91 894 1 Includes Loans and advances to customers of USD 380,589 million and Loans to financial advisors of USD 2,677 million, which are presented on the balance sheet line Other assets measured at amortized cost. 2 Excludes Forward starting reverse repurchase and securities borrowing agreements.
Disclosure Of Provision Matrix Explanatory | Note 7 Expected credit loss measurement a) Credit loss expense Total net credit loss releases were USD 80 million in the second quarter of 2021, reflecting an USD 88 million net release of credit losses related to stage 1 and 2 positions and USD 8 million of net credit loss expenses related to credit-impaired (stage 3) positions. The USD 88 million stage 1 and 2 net release included the partial release of a post-model adjustment of USD 91 million (representing one-third of the USD 273 million scenario-driven model output effects from the third quarter of 2020 to the second quarter of 2021), due to the continued positive trend in macroeconomic scenario input data. Stage 3 net credit loss expenses were USD 8 million, including USD 3 million net expenses in the Investment Bank and USD 5 million net expenses in Personal & Corporate Banking, across various corporate lending positions. Credit loss (expense) / release USD million Global Wealth Management Personal & Corporate Banking Asset Management Investment Bank Group Functions Total For the quarter ended 30.6.21 Stages 1 and 2 13 51 0 24 (1) 88 Stage 3 0 (5) 0 (3) 0 (8) Total credit loss (expense) / release 14 46 0 21 (1) 80 b) Changes to ECL models, scenarios, scenario weights and key inputs Scenarios The expected credit loss (ECL) scenarios, along with the related macroeconomic factors, were updated and reviewed in light of the economic and political conditions prevailing for the second quarter of 2021 through a series of governance meetings, with input and feedback from UBS risk and finance experts across the business divisions and regions. Effective from the second quarter of 2021, management has included an upside scenario and a mild downside scenario in the ECL calculation similar to the approach applied before the COVID-19 pandemic, as uncertainty regarding future economic developments and the related effects on models further d ecline and post - model adjustment levels decrease. The upside scenario assumes that positive developments regarding COVID-19 enable economic activity to rebound more quickly than expected, supported by significant improvements in business and consumer activity. Structural changes from the lockdown period and accelerated technology uptake increase productivity and help to keep growth buoyant beyond the initial rebound in activity. Underlying macroeconomic conditions improve, and asset values increase substantially. The mild downside scenario assumes a shift in sentiment caused by higher-than-expected inflation and the Federal Reserve’s intention to begin tapering its quantitative easing program. Long - term interest rates rise sharply and equities decline as market volatility ensues. Economic activity slows across the globe, causing a mild recession. The baseline and severe downside scenarios included slightly more optimistic assumptions compared with those applied in the first quarter of 2021, reflecting improvements in economic activity, greater optimism regarding the availability and effective distribution of COVID-19 vaccines, and continued government support. The baseline scenario assumptions on a calendar-year basis are included in the table below. Scenario weights and post-model adjustments Management applied the following scenario weightings effective from the second quarter of 2021: upside at 5 %, baseline at 55 %, mild downside at 10 % and severe downside at 30 %. This compared with a baseline scenario weighting of 60 % and a severe downside scenario weighting of 40 % applied in the first quarter of 2021. The incorporation of the two new scenarios and the applied weightings did not have a material effect on allowances and provisions. In addition, more than one year after the exceptional circumstances of the COVID-19 pandemic began, management has released one-third (USD 91 million) of the USD 273 million post-model adjustment for scenario-driven model output effects into profit or loss in the second quarter of 2021, following a portfolio level review, which supported partial overlay releases, particularly in real estate and large corporate segments. This decision was made following a continued positive trend in macroeconomic scenario input data (from the third quarter of 2020 to the second quarter of 2021), as well as positive vaccination developments and gradual lifting of lockdowns in many economies. Two-thirds of the post-model adjustment for scenario - driven model output effects ( USD 183 m illion ) w as retained, given the heightened level of uncertainty that remains with regard to the ultimate effects of the crisis. This recognizes that new challenges are frequently arising in the context of the pandemic, for example, the spread of new variants of COVID-19, inflationary pressure from supply chain disruption and surging demand, and the risk of potential tail effects as government and central bank support winds down. Baseline Key parameters 2020 2021 2022 Real GDP growth (annual percentage change) United States (3.6) 6.9 5.9 Eurozone (7.4) 4.3 5.3 Switzerland (4.5) 3.3 3.0 Unemployment rate (%, annual average) United States 8.1 5.4 4.4 Eurozone 8.5 8.6 8.1 Switzerland 3.2 3.3 3.1 Real estate (annual percentage change, Q4) United States 3.4 6.5 2.9 Eurozone (0.3) 2.9 1.0 Switzerland 4.0 5.0 1.0 Economic scenarios and weights applied ECL scenario Assigned weights in % 30.6.21 31.3.21 31.3.20 Upside 5.0 0.0 0.0 Baseline 55.0 60.0 70.0 Mild downside 10.0 0.0 0.0 Severe downside 30.0 40.0 30.0 c) ECL-relevant balance sheet and off-balance sheet positions including ECL allowances and provisions The tables below and on the following pages provide information about financial instruments and certain non- financial instruments that are subject to ECL requirements. For amortized-cost instruments, the carrying amount represents the maximum exposure to credit risk, taking into account the allowance for credit losses. Financial assets measured at fair value through other comprehensive income (FVOCI) are also subject to ECL; however, unlike amortized-cost instruments, the allowance for credit losses for FVOCI instruments does not reduce the carrying amount of these financial assets. Instead, the carrying amount of financial assets measured at FVOCI represents the maximum exposure to credit risk. In addition to on-balance sheet financial assets, certain off- balance sheet and other credit lines are also subject to ECL. The maximum exposure to credit risk for off-balance sheet financial instruments is calculated based on the maximum contractual amounts. USD million 30.6.21 Carrying amount¹ / Total exposure ECL allowances / provisions Financial instruments measured at amortized cost Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Cash and balances at central banks 160,672 160,672 0 0 0 0 0 0 Loans and advances to banks 16,500 16,457 42 0 (8) (6) (1) (1) Receivables from securities financing transactions 83,494 83,494 0 0 (3) (3) 0 0 Cash collateral receivables on derivative instruments 29,785 29,785 0 0 0 0 0 0 Loans and advances to customers 390,126 369,810 18,403 1,913 (950) (124) (156) (670) of which: Private clients with mortgages 147,827 137,851 9,140 836 (139) (26) (76) (37) of which: Real estate financing 42,627 37,950 4,663 14 (49) (17) (32) 0 of which: Large corporate clients 14,294 12,671 1,229 395 (246) (20) (19) (207) of which: SME clients 14,116 11,753 1,814 549 (291) (20) (19) (253) of which: Lombard 146,167 146,135 0 32 (35) (6) 0 (29) of which: Credit cards 1,611 1,255 327 28 (34) (9) (9) (16) of which: Commodity trade finance 3,399 3,345 38 16 (103) (5) 0 (98) Other financial assets measured at amortized cost 27,143 26,398 436 309 (124) (30) (9) (86) of which: Loans to financial advisors 2,415 1,924 197 295 (103) (23) (6) (74) Total financial assets measured at amortized cost 707,720 686,616 18,882 2,222 (1,085) (163) (166) (757) Financial assets measured at fair value through other comprehensive income 7,775 7,775 0 0 0 0 0 0 Total on-balance sheet financial assets in scope of ECL requirements 715,496 694,392 18,882 2,222 (1,085) (163) (166) (757) Off-balance sheet (in scope of ECL) Guarantees 17,457 15,719 1,580 158 (52) (15) (9) (27) of which: Large corporate clients 3,142 1,995 1,035 112 (13) (3) (3) (7) of which: SME clients 1,269 1,002 222 46 (13) (1) (1) (12) of which: Financial intermediaries and hedge funds 7,465 7,257 208 0 (16) (10) (5) 0 of which: Lombard 2,166 2,166 0 0 (1) 0 0 (1) of which: Commodity trade finance 2,372 2,342 30 0 (2) (1) 0 (1) Irrevocable loan commitments 37,751 34,505 3,064 181 (118) (69) (49) 0 of which: Large corporate clients 22,464 19,621 2,718 125 (103) (61) (42) 0 Forward starting reverse repurchase and securities borrowing agreements 8,253 8,253 0 0 0 0 0 0 Committed unconditionally revocable credit lines 38,796 35,201 3,526 68 (36) (28) (8) 0 of which: Real estate financing 6,542 6,135 407 0 (5) (4) (1) 0 of which: Large corporate clients 4,383 2,924 1,434 25 (7) (4) (3) 0 of which: SME clients 5,173 4,498 643 32 (14) (12) (2) 0 of which: Lombard 8,632 8,632 0 0 0 0 0 0 of which: Credit cards 9,298 8,825 464 9 (6) (5) (2) 0 of which: Commodity trade finance 251 251 0 0 0 0 0 0 Irrevocable committed prolongation of existing loans 5,281 5,260 20 1 (3) (2) (1) 0 Total off-balance sheet financial instruments and other credit lines 107,537 98,938 8,191 408 (209) (114) (67) (27) Total allowances and provisions (1,294) (277) (233) (784) 1 The carrying amount of financial assets measured at amortized cost represents the total gross exposure net of the respective ECL allowances. USD million 31.3.21 Carrying amount¹ / Total exposure ECL allowances / provisions Financial instruments measured at amortized cost Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Cash and balances at central banks 158,914 158,914 0 0 0 0 0 0 Loans and advances to banks 18,448 18,387 61 0 (12) (8) (3) (1) Receivables from securities financing transactions 82,384 82,385 0 0 (3) (3) 0 0 Cash collateral receivables on derivative instruments 35,046 35,046 0 0 0 0 0 0 Loans and advances to customers 376,798 355,787 18,995 2,016 (993) (138) (184) (671) of which: Private clients with mortgages 142,611 132,636 9,118 857 (158) (37) (86) (35) of which: Real estate financing 41,092 36,099 4,979 15 (56) (15) (41) 0 of which: Large corporate clients 13,305 11,155 1,673 477 (271) (28) (28) (216) of which: SME clients 14,034 11,620 1,886 527 (283) (19) (19) (246) of which: Lombard 141,139 141,112 0 27 (34) (5) 0 (30) of which: Credit cards 1,392 1,063 301 28 (33) (9) (8) (16) of which: Commodity trade finance 3,695 3,663 16 15 (101) (5) 0 (96) Other financial assets measured at amortized cost 26,770 26,036 314 420 (125) (32) (7) (86) of which: Loans to financial advisors 2,473 1,961 107 405 (104) (26) (4) (75) Total financial assets measured at amortized cost 698,361 676,554 19,371 2,436 (1,133) (180) (195) (758) Financial assets measured at fair value through other comprehensive income 8,100 8,100 0 0 0 0 0 0 Total on-balance sheet financial assets in scope of ECL requirements 706,460 684,654 19,371 2,436 (1,133) (180) (195) (758) Off-balance sheet (in scope of ECL) Guarantees 17,493 15,377 1,952 164 (59) (15) (15) (29) of which: Large corporate clients 3,425 2,025 1,281 119 (17) (3) (5) (9) of which: SME clients 1,243 936 262 45 (12) 0 (1) (11) of which: Financial intermediaries and hedge funds 7,579 7,304 275 0 (18) (9) (9) 0 of which: Lombard 2,136 2,136 0 0 (2) 0 0 (1) of which: Commodity trade finance 2,057 2,031 26 0 (4) (1) 0 (3) Irrevocable loan commitments 38,137 34,312 3,730 95 (138) (75) (63) 0 of which: Large corporate clients 22,943 19,600 3,278 65 (121) (68) (54) 0 Forward starting reverse repurchase and securities borrowing agreements 5,988 5,988 0 0 0 0 0 0 Committed unconditionally revocable credit lines 39,424 35,311 4,023 89 (45) (27) (18) 0 of which: Real estate financing 7,227 6,786 432 9 (11) (5) (6) 0 of which: Large corporate clients 4,429 2,713 1,690 25 (9) (3) (6) 0 of which: SME clients 5,036 4,120 878 39 (14) (11) (3) 0 of which: Lombard 8,566 8,566 0 0 (1) (1) 0 0 of which: Credit cards 9,175 8,695 469 11 (6) (5) (1) 0 of which: Commodity trade finance 322 322 0 0 0 0 0 0 Irrevocable committed prolongation of existing loans 5,824 5,785 34 5 (3) (3) 0 0 Total off-balance sheet financial instruments and other credit lines 106,865 96,773 9,738 354 (245) (121) (95) (29) Total allowances and provisions (1,378) (301) (290) (787) 1 The carrying amount of financial assets measured at amortized cost represents the total gross exposure net of the respective ECL allowances. USD million 31.12.20 Carrying amount¹ / Total exposure ECL allowances / provisions Financial instruments measured at amortized cost Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Cash and balances at central banks 158,231 158,231 0 0 0 0 0 0 Loans and advances to banks 15,444 15,260 184 0 (16) (9) (5) (1) Receivables from securities financing transactions 74,210 74,210 0 0 (2) (2) 0 0 Cash collateral receivables on derivative instruments 32,737 32,737 0 0 0 0 0 0 Loans and advances to customers 379,528 356,948 20,341 2,240 (1,060) (142) (215) (703) of which: Private clients with mortgages 148,175 138,769 8,448 959 (166) (35) (93) (39) of which: Real estate financing 43,429 37,568 5,838 23 (63) (15) (44) (4) of which: Large corporate clients 15,161 12,658 2,029 474 (279) (27) (40) (212) of which: SME clients 14,872 11,990 2,254 628 (310) (19) (23) (268) of which: Lombard 133,850 133,795 0 55 (36) (5) 0 (31) of which: Credit cards 1,558 1,198 330 30 (38) (11) (11) (16) of which: Commodity trade finance 3,269 3,214 43 12 (106) (5) 0 (101) Other financial assets measured at amortized cost 27,194 26,377 348 469 (133) (34) (9) (90) of which: Loans to financial advisors 2,569 1,982 137 450 (108) (27) (5) (76) Total financial assets measured at amortized cost 687,345 663,763 20,873 2,709 (1,211) (187) (229) (795) Financial assets measured at fair value through other comprehensive income 8,258 8,258 0 0 0 0 0 0 Total on-balance sheet financial assets in scope of ECL requirements 695,603 672,021 20,873 2,709 (1,211) (187) (229) (795) Off-balance sheet (in scope of ECL) Guarantees 17,081 14,687 2,225 170 (63) (14) (15) (34) of which: Large corporate clients 3,710 2,048 1,549 113 (20) (4) (5) (12) of which: SME clients 1,310 936 326 48 (13) (1) (1) (11) of which: Financial intermediaries and hedge funds 7,637 7,413 224 0 (17) (7) (9) 0 of which: Lombard 641 633 0 8 (2) 0 0 (2) of which: Commodity trade finance 1,441 1,416 25 0 (2) (1) 0 0 Irrevocable loan commitments 41,372 36,894 4,374 104 (142) (74) (68) 0 of which: Large corporate clients 24,209 20,195 3,950 64 (121) (63) (58) 0 Forward starting reverse repurchase and securities borrowing agreements 3,247 3,247 0 0 0 0 0 0 Committed unconditionally revocable credit lines 40,134 35,233 4,792 108 (50) (29) (21) 0 of which: Real estate financing 6,328 5,811 517 0 (12) (5) (7) 0 of which: Large corporate clients 4,909 2,783 2,099 27 (9) (2) (7) 0 of which: SME clients 5,827 4,596 1,169 63 (16) (12) (4) 0 of which: Lombard 9,671 9,671 0 0 0 (1) 0 0 of which: Credit cards 8,661 8,220 430 11 (8) (6) (2) 0 of which: Commodity trade finance 242 242 0 0 0 0 0 0 Irrevocable committed prolongation of existing loans 3,282 3,277 5 0 (2) (2) 0 0 Total off-balance sheet financial instruments and other credit lines 105,116 93,337 11,396 382 (257) (119) (104) (34) Total allowances and provisions (1,468) (306) (333) (829) 1 The carrying amount of financial assets measured at amortized cost represents the total gross exposure net of the respective ECL allowances. The table below provides information about the ECL gross exposure and the ECL coverage ratio for our core loan portfolios (i.e., Loans and advances to customers and Loans to financial advisors ) and relevant off-balance sheet exposures. Cash and balances at central banks , Loans and advances to banks , Receivables from securities financing transactions , Cash collateral receivables on derivative instruments and Financial assets measured at fair value through other comprehensive income are not included in the table below, due to their lower sensitivity to ECL. ECL coverage ratios are calculated by taking ECL allowances and provisions divided by the gross carrying amount of the exposures Coverage ratios for core loan portfolio 30.6.21 Gross carrying amount (USD million) ECL coverage (bps) On-balance sheet Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Private clients with mortgages 147,966 137,877 9,216 874 9 2 82 427 Real estate financing 42,677 37,967 4,696 14 12 4 69 101 Large corporate clients 14,540 12,691 1,247 602 169 16 151 3,446 SME clients 14,407 11,772 1,833 802 202 17 102 3,152 Lombard 146,202 146,141 0 61 2 0 0 4,698 Credit cards 1,644 1,264 336 44 205 72 261 3,608 Commodity trade finance 3,503 3,350 38 114 295 15 2 8,605 Other loans and advances to customers 20,137 18,871 1,193 73 26 11 13 4,051 Loans to financial advisors 2,518 1,946 202 369 408 116 290 2,016 Total 1 393,594 371,880 18,762 2,952 27 4 86 2,521 Gross exposure (USD million) ECL coverage (bps) Off-balance sheet Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Private clients with mortgages 8,063 7,809 251 3 4 4 7 349 Real estate financing 8,048 7,596 452 0 9 7 49 0 Large corporate clients 29,990 24,540 5,187 262 41 27 91 278 SME clients 8,273 7,099 1,040 134 43 20 91 878 Lombard 14,736 14,735 0 0 1 0 0 0 Credit cards 9,298 8,825 464 9 7 5 33 0 Commodity trade finance 2,623 2,593 30 0 8 5 50 0 Financial intermediaries and hedge funds 10,576 10,110 466 0 17 12 120 0 Other off-balance sheet commitments 7,678 7,377 301 0 17 8 21 0 Total 2 99,284 90,685 8,191 408 21 13 82 671 1 Includes Loans and advances to customers of USD 391,076 million and Loans to financial advisors of USD 2,518 million, which are presented on the balance sheet line Other assets measured at amortized cost. 2 Excludes Forward starting reverse repurchase and securities borrowing agreements. Coverage ratios for core loan portfolio 31.3.21 Gross carrying amount (USD million) ECL coverage (bps) On-balance sheet Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Private clients with mortgages 142,770 132,673 9,204 893 11 3 93 396 Real estate financing 41,148 36,113 5,020 15 14 4 81 78 Large corporate clients 13,577 11,184 1,701 692 200 25 162 3,114 SME clients 14,317 11,639 1,905 773 198 16 98 3,179 Lombard 141,173 141,117 0 56 2 0 0 5,260 Credit cards 1,425 1,073 309 44 233 88 266 3,555 Commodity trade finance 3,796 3,668 16 111 267 14 2 8,620 Other loans and advances to customers 19,585 18,458 1,024 103 28 11 26 3,211 Loans to financial advisors 2,578 1,987 111 480 405 131 337 1,558 Total 1 380,369 357,911 19,290 3,167 29 5 97 2,355 Gross exposure (USD million) ECL coverage (bps) Off-balance sheet Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Private clients with mortgages 7,455 7,226 217 13 6 5 16 111 Real estate financing 8,513 8,049 455 9 17 7 192 53 Large corporate clients 30,796 24,339 6,249 209 48 31 102 422 SME clients 8,101 6,626 1,367 108 41 20 70 973 Lombard 14,603 14,603 0 0 2 1 0 0 Credit cards 9,175 8,695 469 11 7 6 30 0 Commodity trade finance 2,379 2,352 26 0 18 5 28 0 Financial intermediaries and hedge funds 11,090 10,468 622 0 19 10 169 0 Other off-balance sheet commitments 8,764 8,428 332 4 14 7 23 0 Total 2 100,877 90,785 9,738 354 24 13 98 831 1 Includes Loans and advances to customers of USD 377,791 million and Loans to financial advisors of USD 2,578 million, which are presented on the balance sheet line Other assets measured at amortized cost. 2 Excludes Forward starting reverse repurchase and securities borrowing agreements. Coverage ratios for core loan portfolio 31.12.20 Gross carrying amount (USD million) ECL coverage (bps) On-balance sheet Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Private clients with mortgages 148,341 138,803 8,540 998 11 2 108 390 Real estate financing 43,492 37,583 5,883 27 15 4 75 1,414 Large corporate clients 15,440 12,684 2,069 686 181 21 192 3,089 SME clients 15,183 12,010 2,277 896 204 16 101 2,991 Lombard 133,886 133,800 0 86 3 0 0 3,592 Credit cards 1,596 1,209 342 46 240 91 333 3,488 Commodity trade finance 3,375 3,219 43 113 315 16 2 8,939 Other loans and advances to customers 19,274 17,781 1,402 91 31 14 25 3,563 Loans to financial advisors 2,677 2,009 142 526 404 135 351 1,446 Total 1 383,266 359,099 20,697 3,470 30 5 106 2,247 Gross exposure (USD million) ECL coverage (bps) Off-balance sheet Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Private clients with mortgages 6,285 6,083 198 3 7 6 16 197 Real estate financing 7,056 6,576 481 0 21 9 185 0 Large corporate clients 32,828 25,026 7,598 205 46 27 92 565 SME clients 9,121 7,239 1,734 148 40 19 63 779 Lombard 14,178 14,170 0 8 2 1 0 1,941 Credit cards 8,661 8,220 430 11 9 8 44 0 Commodity trade finance 1,683 1,658 25 0 10 8 15 0 Financial intermediaries and hedge funds 7,690 7,242 448 0 26 13 248 166 Other off-balance sheet commitments 14,366 13,876 482 8 13 7 11 0 Total 2 101,869 90,090 11,396 382 25 13 91 894 1 Includes Loans and advances to customers of USD 380,589 million and Loans to financial advisors of USD 2,677 million, which are presented on the balance sheet line Other assets measured at amortized cost. 2 Excludes Forward starting reverse repurchase and securities borrowing agreements.

X
- Definition The disclosure of the credit risk exposure. Credit risk exposure is the credit risk inherent in an entity’s financial assets and commitments to extend credit. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2020-01-01 -Paragraph 35M -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2020-en-r&anchor=para_35M&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfCreditRiskExposureExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table. + References No definition available. + Details
Name: | ifrs-full_DisclosureOfFinancialAssetsLineItems
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the provision matrix. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 7 -IssueDate 2020-01-01 -Paragraph 35N -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2020-en-r&anchor=para_35N&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfProvisionMatrixExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ubs_DisclosureOfCreditLossExpenseRecoveryExplanatory
Namespace Prefix: | ubs_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the key macro-economic variables used for modelling ECL. + References No definition available. + Details
Name: | ubs_DisclosureOfKeyMacroEconomicVariablesExplanatory
Namespace Prefix: | ubs_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration