Consolidated income statement
in CHF 1,000 | Note | 2019 | 2018 | Variance | Variance |
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Interest income |
| 173,340 | 162,961 | 10,379 | 6.4 |
Interest expense |
| 58,239 | 51,984 | 6,255 | 12.0 |
Total net interest income | 115,101 | 110,977 | 4,124 | 3.7 | |
Commission income |
| 186,653 | 171,243 | 15,410 | 9.0 |
Commission expenses |
| 49,487 | 46,971 | 2,516 | 5.4 |
Total net income from commission | 137,166 | 124,272 | 12,894 | 10.4 | |
Income from trading activities | 60,985 | 54,984 | 6,001 | 10.9 | |
Income from financial instruments | 14,271 | –1,646 | 15,917 | n.a. | |
Other income | 252 | 2,251 | –1,999 | –88.8 | |
Total operating income |
| 327,775 | 290,838 | 36,937 | 12.7 |
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Personnel expenses | 165,391 | 157,684 | 7,707 | 4.9 | |
General and administrative expenses | 56,298 | 62,869 | –6,571 | –10.5 | |
Depreciation of property, equipment and intangible assets | 29,343 | 25,117 | 4,226 | 16.8 | |
Credit loss expenses | –6,753 | –12,659 | 5,906 | 46.7 | |
Provisions and losses | 555 | –704 | 1,259 | 178.8 | |
Operating expenses |
| 244,834 | 232,307 | 12,527 | 5.4 |
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Earnings before income tax |
| 82,941 | 58,531 | 24,410 | 41.7 |
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Taxes on income | 9,398 | 3,814 | 5,584 | 146.4 | |
Group net income |
| 73,543 | 54,717 | 18,826 | 34.4 |
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Share information |
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Undiluted group net income per registered share A |
| 12.28 | 9.04 |
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Undiluted group net income per registered share B |
| 1.23 | 0.90 |
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Diluted group net income per registered share A |
| 12.28 | 9.04 |
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Diluted group net income per registered share B |
| 1.23 | 0.90 |
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