Key figures of VZ Group

Income statement (CHF '000)

 

1H 2023 2H 20221 1H 20221
Revenues 224'324 198'811 205'089
Expenses 123'190 112'393 115'204
Operating profit (EBIT) 101'134 86'418 89'885
Net profit 86'303 74'418 76'967

1 Retrospective restatement due to the implementation of IFRS 17 (details on page 14 of the financial report).

Balance sheets (CHF '000)

 

30.06.2023 31.12.20221 30.06.20221
Total assets 6'224'743 5'945'986 6'025'327
Equity 795'525 770'963 690'497
Net Cash 703'517 686'276 581'606

1 Retrospective restatement due to the implementation of IFRS 17 (details on page 14 of the financial report).

Equity key figures

  30.06.2023 31.12.20221 30.06.20221
Equity ratio 12.8 % 13.0 % 11.5 %
Common equity Tier 1 capital ratio (CET 1) 24.1 % 25.2 % 23.5 %
Total eligible capital ratio (T1 & T2) 24.1 % 25.2 % 23.5 %

1 Retrospective restatement due to the implementation of IFRS 17 (details on page 14 of the financial report).

Assets under management (CHF mio.)

  30.06.2023 31.12.2022 30.06.2022
Assets under Management 42'580 39'108 37'646

Employees

  30.06.2023 31.12.2022 30.06.2022
Full-time equivalents (FTE) 1299.3 1247.4 1186.2

Rating VZ Depository Bank Ltd

VZ Depository Bank Ltd is rated regularly by the rating agency Moody's since December 2021. Moody's rates VZ Depository Bank Ltd as Aa3 with a stable outlook.

VZ Depository Bank Ltd Rating Outlook
Long-term deposit rating Aa3 stable
Long-term counterparty risk A3 stable

Credit Opinion (PDF)

Alternative Performance Measures (APM)

To measure our performance, we use alternative performance measures that are not defined under International Financial Reporting Standards (IFRS). Details can be found on page 39 of the half year report 2023.