First quarter 2020 results

•  Pre-tax income of CHF 1.2 billion, up 13% year on year
• Net income of CHF 1.3 billion, up 75% year on year
• Net revenues of CHF 5.8 billion, up 7% year on year
• Return on Tangible Equity (RoTE) of 13.1%, up from 8.6% in the previous quarter
• CET1 ratio of 12.1%, down from 12.7% at the end of the previous quarter, and Tier 1 leverage ratio of 5.8% ¹, up from 5.5% at the end of the previous quarter
• Average Liquidity Coverage Ratio (LCR) of 182% as of the end of the quarter 

^{1 Leverage exposure excludes CHF 88 billion of cash held at central banks, after adjusting for planned dividend payments in 2Q20 and 4Q20, as permitted by FINMA}