1 Interest income

in CHF 1,000

01.01.– 30.06.2025

01.01.– 30.06.2024

Variance absolute

Variance in %

Discount income

2,915

3,858

–943

–24.4

Loan commissions with the character of interest

249

436

–187

–42.9

Interest income from banks

11,265

29,990

–18,725

–62.4

Interest income from customers

63,078

83,741

–20,663

–24.7

Interest income from financial instruments measured at amortised cost

20,131

22,145

–2,014

–9.1

Interest income from financial liabilities

3

8

–5

–62.5

Total interest income from financial instruments at amortised cost

97,641

140,178

–42,537

–30.3

Interest-rate instruments

–17

170

–187

–110.0

Forward components from foreign currency contracts1

48,302

45,821

2,481

5.4

Hedge accounting

0

–6

6

100.0

Total other interest income1

48,285

45,985

2,300

5.0

Total interest income1

145,926

186,163

–40,237

–21.6

Interest expenses on amounts due to banks

303

571

–268

–46.9

Interest expenses on amounts due to customers

71,601

108,392

–36,791

–33.9

Interest expenses on medium-term notes

206

240

–34

–14.2

Interest expenses on debentures issued

466

876

–410

–46.8

Interest expenses from financial assets

3

7

–4

–57.1

Interest expenses on right-of-use assets

113

145

–32

–22.1

Total interest expenses using the effective interest method

72,692

110,231

–37,539

–34.1

Total net interest income1

73,234

75,932

–2,698

–3.6

Fair-value hedges

Movements arising from hedges

–5

–216

211

97.7

Micro fair-value hedges

–5

–216

211

97.7

Movements in underlying transactions

5

210

–205

–97.6

Micro fair-value hedges

5

210

–205

–97.6

Total hedge accounting

0

–6

6

100.0

1Changes to presentation (note 3 and principles underlying financial statement reporting). The prior-year comparative figures were increased by CHF 23.4 million.