UBS Group AG Files 6-K with Q2 2024 Financial Details

Ticker: UBS · Form: 6-K · Filed: 2024-08-14T00:00:00.000Z

Sentiment: neutral

Topics: financial-disclosure, quarterly-report, credit-risk, loan-portfolio

TL;DR

UBS dropped Q2 financials on 8/14, showing credit and loan portfolio details.

AI Summary

UBS Group AG filed a 6-K report on August 14, 2024, detailing financial information as of June 30, 2024. The filing includes data related to financial instruments, credit impairments, and loan portfolios, with specific references to fair value hierarchy levels and expected credit losses.

Why It Matters

This filing provides investors with updated financial data for UBS Group AG, crucial for assessing the company's performance and risk exposure in the second quarter of 2024.

Risk Assessment

Risk Level: low — This is a routine financial filing (6-K) providing standard disclosures and does not indicate any unusual or immediate risks.

Key Numbers

Q2 2024 — Reporting Period (Financial data pertains to the second quarter of 2024.)
2024-06-30 — As of Date (Key financial data points are as of this date.)

Key Players & Entities

UBS Group AG (company) — Filer of the report
UBS AG (company) — Related entity
20240630 (date) — Period of report
20240814 (date) — Filing date

FAQ

What specific financial instruments are detailed in the filing?

The filing references 'FinancialInstrumentsCreditimpairedAfterPurchaseOrOriginationMember' and 'FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember'.

What is the reporting period for this 6-K filing?

The conformed period of report is 20240630, indicating the second quarter of 2024.

When was this 6-K filing submitted to the SEC?

The filing was submitted on 20240814.

What type of credit losses are mentioned in the filing?

The filing mentions 'LifetimeExpectedCreditLossesMember'.

Does the filing provide information on UBS's loan portfolio?

Yes, the filing includes references to 'ubs:OffbalanceSheetLoanPortfolioMember' and 'ubs:LoansAndAdvancesToCustomersMember'.

From the Filing

0001610520-24-000141.txt : 20240814 0001610520-24-000141.hdr.sgml : 20240814 20240814070942 ACCESSION NUMBER: 0001610520-24-000141 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 106 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240814 DATE AS OF CHANGE: 20240814 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UBS Group AG CENTRAL INDEX KEY: 0001610520 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] ORGANIZATION NAME: 02 Finance IRS NUMBER: 000000000 STATE OF INCORPORATION: V8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36764 FILM NUMBER: 241204120 BUSINESS ADDRESS: STREET 1: BAHNHOFSTRASSE 45 CITY: ZURICH STATE: V8 ZIP: CH-8001 BUSINESS PHONE: 41-44-234-1111 MAIL ADDRESS: STREET 1: BAHNHOFSTRASSE 45 CITY: ZURICH STATE: V8 ZIP: CH-8001 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UBS AG CENTRAL INDEX KEY: 0001114446 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] ORGANIZATION NAME: 02 Finance IRS NUMBER: 000000000 STATE OF INCORPORATION: V8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15060 FILM NUMBER: 241204121 BUSINESS ADDRESS: STREET 1: BAHNHOFSTRASSE 45 CITY: ZURICH STATE: V8 ZIP: CH 8001 BUSINESS PHONE: 203-719-5241 MAIL ADDRESS: STREET 1: 600 WASHINGTON BLVD. CITY: STAMFORD STATE: CT ZIP: 06901 6-K 1 ubs-20240630.htm ubs-20240630 --12-31 FALSE 0001610520 Q2 30/06/2024 2024 0001610520 ifrs-full:FinancialInstrumentsCreditimpairedAfterPurchaseOrOriginationMember ifrs-full:LifetimeExpectedCreditLossesMember ubs:OffbalanceSheetLoanPortfolioMember ubs:RealEstateLendingMember 2024-06-30 0001610520 ifrs-full:Level1OfFairValueHierarchyMember 2024-03-31 0001610520 2024-03-31 0001610520 2024-01-01 2024-06-30 0001610520 ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember ifrs-full:Level3OfFairValueHierarchyMember ubs:LoansAndAdvancesToCustomersMember 2023-01-01 2023-06-30 0001610520 ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember ifrs-full:Level3OfFairValueHierarchyMember ubs:CorporateAndMunicipalBondsMember 2024-06-30 0001610520 ifrs-full:EquityAttributableToOwnersOfParentMember 2024-01-01 2024-03-31 0001610520 ifrs-full:EquityAttributableToOwnersOfParentMember 2024-04-01 2024-06-30 0001610520 2023-01-01 2023-06-30 0001610520 ifrs-full:Level3OfFairValueHierarchyMember ubs:OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember 2023-01-01 2023-06-30 0001610520 ifrs-full:FinancialInstrumentsNotCreditimpairedMember ifrs-full:TwelvemonthExpectedCreditLossesMember ubs:OtherOffbalanceSheetCommitmentsMember ubs:OffbalanceSheetLoanPortfolioMember 2023-12-31 0001610520 ifrs-full:DerivativesMember ifrs-full:Level3OfFairValueHierarchyMember ubs:EquityIndexContractsMember 2024-01-01 2024-06-30 0001610520 2024-06-30 0001610520 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 2024-06-30 0001610520 ifrs-full:FinancialInstrumentsNotCreditimpairedMember ifrs-full:TwelvemonthExpectedCreditLossesMember ubs:SmallMediumEnterpriseMember ubs:OffbalanceSheetLoanPortfolioMember 2024-06-30 0001610520 ubs:GoodsOrServicesTransferredOnPerformancebasedBasisMember 2024-01-01 2024-06-30 0001610520 ifrs-full:DerivativesMember ifrs-full:Level3OfFairValueHierarchyMember ubs:EquityIndexContractsMember 2024-01-01 2024-06-30 0001610520 ifrs-full:EquityAttributableToOwnersOfParentMember 2023-04-01 2023-06-30 0001610520 2023-04-01 2023-06-30 0001610520 ifrs-full:EquityAttributableToOwnersOfParentMember 2024-01-01 2024-06-30 0001610520 ifrs-full:DerivativesMember ifrs-full:Level3OfFairValueHierarchyMember ubs:EquityIndexContractsMember 2023-01-01 2023-06-30 0001610520 ifrs-full:DerivativesMember ifrs-full:Level3OfFairValueHierarchyMember ubs:CreditDerivativeContractsMember 2023-01-01 2023-06-30 0001610520 ubs:GoodsOrServicesTransferredOnRecurringBasisMember 2024-04-01 2024-06-30 0001610