Swiss bank UBS in 2010 was 5.5 billion euros of profit

Net profit of Swiss financial services company UBS AG, attributable to shareholders of the bank in 2010 amounted to 7.16 billion Swiss francs (5.52. Billion euros) against the net loss for 2009 of 2.74 billion francs . It is said in the statement of financial-credit organizations. The increase in net profit due to higher revenue from trading operations and reduce costs on debt. Operating profit UBS rose 41.5% to 31.98 billion francs. The Bank also reported for the fourth quarter of 2010, which resulted in its net profit on an annualized basis rose by 7.05% to 1.29 billion francs. The actual figure was below the consensus forecast of analysts surveyed by Bloomberg (1,35 billion francs). Operating profit rose about IV quarter 2009 by 16,8% to 7.122 billion francs, thanks largely to revenue growth of the banking business. Wealthy clients have continued to increase contributions to the UBS second consecutive quarter. In particular, the U.S. subsidiary of UBS to manage the states of wealthy clients recorded a capital inflow of $ 3.4 billion francs. On materials: BFM.ru