Consolidated income statement

in CHF 1,000	Note	01.01.– 30.06.2024	01.01.– 30.06.2023	Variance absolute	Variance in %
Interest income from financial instruments at amortised cost		140,178	124,901	15,277	12.2
Other interest income		22,602	25,330	–2,728	–10.8
Interest expense using the effective interest method		110,231	78,142	32,089	41.1
Total net interest income	1, 18	52,549	72,089	–19,540	–27.1
Commission income		79,670	91,554	–11,884	–13.0
Commission expenses		11,414	21,786	–10,372	–47.6
Total net income from commission business and services	2	68,256	69,768	–1,512	–2.2
Income from trading activities	3	38,015	38,665	–650	–1.7
Income from financial instruments	4	3,522	5,310	–1,788	–33.7
Other income	5	305	2,453	–2,148	–87.6
Total operating income		162,647	188,285	–25,638	–13.6

Personnel expenses	6	85,707	89,848	–4,141	–4.6
General and administrative expenses	7	43,712	40,913	2,799	6.8
Depreciation of property, equipment and intangible assets	8, 18	18,685	22,253	–3,568	–16.0
Credit loss expenses	9	89	4,540	–4,451	–98.0
Provisions and losses	9	629	694	–65	–9.4
Operating expenses		148,822	158,248	–9,426	–6.0

Earnings before income tax		13,825	30,037	–16,212	–54.0

Taxes on income	10	2,319	4,571	–2,252	–49.3
Group net income		11,506	25,466	–13,960	–54.8


Share information (in CHF)
Undiluted group net income per registered share A	11	1.86	4.15
Undiluted group net income per registered share B	11	0.19	0.41

Diluted group net income per registered share A	11	1.85	4.12
Diluted group net income per registered share B	11	0.19	0.41