3 Income from trading activities

in CHF 1,000

2025

2024

Variance absolute

Variance in %

Securities trading1

–2,577

–1,853

–724

–39.1

Foreign currency2

36,184

31,435

4,749

15.1

Banknotes, precious metals and other

1,323

1,277

46

3.6

Total income from trading activities

34,930

30,859

4,071

13.2

1The income from derivatives for risk minimisation (except for interest rate derivatives) is included in this position.

2Changes to presentation (note 1 and principles underlying financial statement reporting). The prior-year comparative figures were reduced accordingly by CHF 50.5 million and increased in interest income (note 1).