UBS Group (AMUB) outlines Q2 2026 Basel III capital, TLAC and liquidity position

Rhea-AI Filing Summary

UBS Group provides its 30 June 2026 Basel III Pillar 3 risk and capital disclosures, detailing regulatory metrics for the Group and key subsidiaries under Swiss FINMA and BCBS rules.

Common equity tier 1 capital was USD 72.5bn with a CET1 ratio of 14.38% on risk‑weighted assets of USD 503.9bn. Tier 1 capital was USD 96.0bn and total loss‑absorbing capacity USD 193.6bn. The Basel III leverage ratio was 5.82% on a leverage exposure of USD 1,649.8bn. The liquidity coverage ratio averaged 177.3% and the net stable funding ratio was 115.1%, both above FINMA’s prudential requirements.

RWA rose by USD 3.6bn in the quarter, mainly from market risk and asset‑size effects, partly offset by model and methodology changes and currency movements. UBS reserved USD 3.0bn in CET1 for a new share repurchase program (targeting USD 3bn by Q2 2027) and plans to buy back at least USD 1bn of shares over the next three months while aiming to maintain a CET1 ratio of around 14%.

Filing Explained

At June 30, UBS’s output floor was not binding because actual risk-weighted assets exceeded the floor.

UBS’s August 14 Form 6-K furnishes its 30 June 2026 Pillar 3 report, an interim regulatory disclosure, and shows that the 65% Basel III output floor was not binding: actual risk-weighted assets were USD 503.9bn versus a USD 475.0bn floor.

The report states that no floor adjustment was required at 30 June 2026, so the disclosed RWA were not increased by this backstop. The floor is intended to prevent model-based capital requirements from falling below a specified percentage of requirements calculated under the full standardized approach.

For the first half of 2026, credit exposures under UBS’s internal ratings-based approaches increased by USD 45.4bn to USD 1,067.6bn, while related RWA increased by USD 4.0bn to USD 197.8bn.

The named regulatory watchpoints are the output floor rising to 70% in 2027 and 72.5% by 2028; UBS says it is taking RWA-mitigation actions as that threshold increases.

Key Figures

CET1 capital: USD 72,464m CET1 ratio: 14.38% Risk-weighted assets: USD 503,923m +5 more

8 metrics

CET1 capital USD 72,464m Common Equity Tier 1 capital as of 30 June 2026

CET1 ratio 14.38% CET1 ratio based on total RWA as of 30 June 2026

Risk-weighted assets USD 503,923m Total RWA at Group level as of 30 June 2026

Basel III leverage ratio 5.82% Leverage ratio on exposure measure of USD 1,649,751m

Total loss-absorbing capacity USD 193,631m TLAC available at resolution group level as of 30 June 2026

Liquidity coverage ratio 177.28% Quarterly average LCR for UBS Group in Q2 2026

Net stable funding ratio 115.05% NSFR as of 30 June 2026

Planned share repurchases USD 3bn Target buybacks under new program by end of Q2 2027

Key Terms

total loss-absorbing capacity, output floor, Lombard lending, standardized approach for counterparty credit risk (SA-CCR), +1 more

5 terms

total loss-absorbing capacity financial

"The TLAC available as of 30 June 2026 included CET1 capital, AT1 capital and non-regulatory capital elements of TLAC."

output floor financial

"As of 30 June 2026, the output floor is set at USD 475.0bn, representing 65% of RWA calculated using the full standardized approach."

Lombard lending financial

"Limited recognition of collateral results in higher RWA for Lombard lending and SFTs."

standardized approach for counterparty credit risk (SA-CCR) financial

"For the remainder we apply the standardized approach for counterparty credit risk (SA-CCR)."

Fundamental Review of the Trading Book financial

"UBS currently applies the standardized approach of the Fundamental Review of the Trading Book (the FRTB) framework."

FAQ

What are UBS Group (AMUB) key capital ratios as of 30 June 2026?

UBS reported CET1 capital of USD 72.5bn and a CET1 ratio of 14.38% on USD 503.9bn of risk‑weighted assets. The Tier 1 ratio was 19.05% and total capital ratio also 19.05%, under the final Basel III and Swiss SRB framework.

How did UBS Group (AMUB) risk-weighted assets change in Q2 2026?

Risk‑weighted assets increased by USD 3.6bn to USD 503.9bn in Q2 2026. The rise reflected USD 6.7bn from asset size and other movements, partly offset by USD 1.9bn from currency effects and USD 1.2bn from model and methodology updates.

What is UBS Group (AMUB) doing with share repurchases and capital reserves?

UBS completed its latest buyback and started a new program to repurchase USD 3bn of shares by end Q2 2027. A USD 3.0bn reserve is deducted in CET1, and UBS plans to repurchase at least USD 1bn over the next three months while targeting ~14% CET1 ratio.

What are UBS Group (AMUB) leverage, LCR and NSFR metrics?

UBS reported a Basel III leverage ratio of 5.82% on a leverage exposure of USD 1,649.8bn. The average liquidity coverage ratio was 177.28% with high‑quality liquid assets of USD 341.8bn, and the net stable funding ratio was 115.05%, both above FINMA requirements.

How large is UBS Group (AMUB) total loss-absorbing capacity (TLAC)?

Total loss‑absorbing capacity was USD 193.6bn, equivalent to 38.42% of risk‑weighted assets and 11.74% of the leverage exposure measure. TLAC includes CET1, AT1 and eligible senior instruments and decreased USD 3.9bn mainly due to redemptions of TLAC‑eligible debt.

Is the Basel III output floor binding for UBS Group (AMUB)?

As of 30 June 2026 the output floor was 65%, corresponding to USD 475.0bn of standardized RWA. UBS’s actual RWA of USD 503.9bn exceeded this, so the output floor was not binding, and no floor adjustment was required at Group level.

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Available on EDGAR 08/14/2026 - 07:38 AM Accepted by SEC EDGAR 08/14/2026 - 07:37 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

Date: August 14, 2026

UBS Group AG

(Registrant's Name)

Bahnhofstrasse 45, 8001 Zurich, Switzerland

(Address of principal executive office)

Commission File Number: 1-36764

UBS AG

(Registrant's Name)

Bahnhofstrasse 45, 8001 Zurich, Switzerland

Aeschenvorstadt 1, 4051 Basel, Switzerland

(Address of principal executive offices)

Commission File Number: 1-15060

Indicate by check mark whether the registrants file or will file annual reports under cover of Form 20-F or Form

40-

F.

Form 20-F

☒

Form 40-F

☐

This Form 6-K consists of the 30 June 2026 Pillar 3 Report of UBS Group and significant regulated subsidiaries and

sub-groups, which appears immediately following this page.

Pillar 3 Report

30 June 2026

UBS Group and significant regulated subsidiaries

and sub-groups

Terms used in this report, unless the context requires otherwise

“UBS”, “UBS Group”, “UBS Group AG consolidated”, “Group”, “the Group”, “we”, “us” and “our”

UBS Group AG and its consolidated subsidiaries

“UBS AG” and “UBS AG consolidated”

UBS AG and its consolidated subsidiaries

“Credit Suisse Group” and “Credit Suisse”

Credit Suisse Group AG and its consolidated subsidiaries,

before the acquisition by UBS

“UBS Group AG” and “UBS Group AG standalone”

UBS Group AG on a standalone basis

“UBS AG standalone”

UBS AG on a standalone basis

“UBS Switzerland AG” and “UBS Switzerland AG standalone”

UBS Switzerland AG on a standalone basis

“UBS Europe SE” and “UBS Europe SE consolidated”

UBS Europe SE and its consolidated subsidiaries

“UBS Americas Holding LLC” and “UBS Americas Holding LLC consolidated”

UBS Americas Holding LLC and its consolidated subsidiaries

“1m”

One million, i.e. 1,000,000

“1bn”

One billion, i.e. 1,000,000,000

“1trn”

One trillion, i.e. 1,000,000,000,000

In this report, unless the context requires otherwise, references to any gender shall apply to all genders.

Table of contents

UBS Group

2

Section 1

Introduction and basis for preparation

4

Section 2

Key metrics

6

Section 3

Overview of risk-weighted assets

12

Section 4

Credit risk

29

Section 5

Counterparty credit risk

36

Section 6

Credit valuation adjustment

37

Section 7

Securitizations

41

Section 8

Market risk

42

Section 9

Going and gone concern requirements

and eligible capital

48

Section 10

Total loss-absorbing capacity

49

Section 11

Leverage ratio

52

Section 12

Liquidity and funding

57

Section 13

Requirements for global systemically

important banks and related indicators

Significant regulated subsidiaries and sub-groups

58

Section 1

Introduction

58

Section 2

UBS AG consolidated

61

Section 3

UBS AG standalone

64

Section 4

UBS Switzerland AG standalone

68

Section 5

UBS Europe SE consolidated

69

Section 6

UBS Americas Holding LLC consolidated

Appendix

71

Abbreviations frequently used in our financial reports

73

Cautionary statement

Contacts

Switchboards

For all general inquiries

ubs.com/contact

Zurich +41-44-234-1111

London +44-207-567-8000

New York +1-212-821-3000

Hong Kong SAR +852-2971-8888

Singapore +65-6495-8000

Investor Relations

UBS’s Investor Relations team

manages relationships with

institutional investors, research

analysts and credit rating agencies.

ubs.com/investors

Zurich +41-44-234-4100

New York +1-212-882-5734

Media Relations

UBS’s Media Relations team

manages relationships with global

media and journalists.

ubs.com/media

Zurich +41-44-234-8500

mediarelations@ubs.com

London +44-20-7567-4714

ubs-media-relations@ubs.com

New York +1-212-882-5858

mediarelations@ubs.com

Hong Kong SAR +852-2971-8200

sh-mediarelations-ap@ubs.com

Office of the Group Company

Secretary

The Group Company Secretary

handles inquiries directed to the

Chairman or to other members

of the Board of Directors.

UBS Group AG, Office of the

Group Company Secretary

PO Box, CH-8098 Zurich, Switzerland

sh-company-secretary@ubs.com

Zurich +41-44-235-6652

Shareholder Services

UBS’s Shareholder Services team,

a unit of the Group Company

Secretary’s office, manages

relationships with shareholders and

the registration of UBS Group AG

registered shares.

UBS Group AG, Shareholder Services

PO Box, CH-8098 Zurich, Switzerland

sh-shareholder-services@ubs.com

Zurich +41-44-235-6652

US Transfer Agent

For global registered share-related

inquiries in the US.

Computershare Trust Company NA

PO Box 43006

Providence, RI, 02940-3006, USA

Shareholder online inquiries:

www.computershare.com/us/

investor-inquiries

Shareholder website:

computershare.com/investor

Calls from the US

+1-866-305-9566

Calls from outside the US

+1-781-575-2623

TDD for hearing impaired

+1-800-231-5469

TDD for foreign shareholders

+1-201-680-6610

Imprint

Publisher: UBS Group AG, Zurich, Switzerland | ubs.com

Language: English

© UBS 2026. The key symbol and UBS are among the registered and

unregistered trademarks of UBS. All rights reserved.

30 June 2026 Pillar 3 Report |

UBS Group | Introduction and basis for preparation 2

UBS Group

Introduction and basis for preparation

Scope of Basel III Pillar 3 disclosures

The Basel Committee on Banking Supervision (the BCBS) final Basel III capital adequacy framework consists of three

complementary pillars. Pillar 1 provides a framework for measuring minimum capital requirements for the credit, market

and operational risks faced by banks. Pillar 2 addresses the principles of the supervisory review process, emphasizing the

need for a qualitative approach to supervising banks. Pillar 3 requires banks to publish a range of disclosures, mainly

covering risk, capital, leverage, liquidity and remuneration.

This report provides Pillar 3 disclosures for the UBS Group and prudential key figures and regulatory information for

UBS AG consolidated and standalone, UBS Switzerland AG standalone, UBS Europe SE consolidated, and UBS Americas

Holding LLC consolidated in the respective sections under “Significant regulated subsidiaries and sub-groups”.

This Pillar 3 report has been prepared in accordance with the Swiss Financial Market Supervisory Authority (FINMA)

Ordinance on the Disclosure Obligations of Banks and Securities Firms (the DisO-FINMA), the corresponding explanatory

notes and the underlying BCBS Basel framework disclosure requirements. The revised Capital Adequacy Ordinance (the

CAO) that incorporates the final Basel III standards into Swiss law, and the five new FINMA ordinances (including the

DisO-FINMA) that contain the implementing provisions for the revised CAO, entered into force on 1 January 2025. The

DisO-FINMA replaces FINMA Circular 2016/1 “Disclosure – banks” and incorporates in particular new and revised

disclosure tables on risks and capital requirements.

›

Refer to “Changes to Pillar 3 disclosure requirements” in the “Introduction and basis for preparation” section of the 31 March

2025 Pillar 3 Report, available under “Pillar 3 disclosures” at

ubs.com/investors

, for information about new and revised quarterly

tables as a result of the implementation of the final Basel III standards in Switzerland

›

Refer to “Changes to Pillar 3 disclosure requirements” in the “Introduction and basis for preparation” section of the 30 June 2025

Pillar 3 Report, available under “Pillar 3 disclosures” at

ubs.com/investors

, for information about new and revised semi-annual

tables as a result of the implementation of the final Basel III standards in Switzerland

As UBS is a systemically relevant bank (an SRB) under Swiss banking law, UBS Group AG and UBS AG are required to

comply with regulations based on the final Basel III framework as applicable to Swiss SRBs on a consolidated basis,

whereas UBS Switzerland AG is exempt from consolidation.

Local regulators may also require the publication of Pillar 3 information at a subsidiary or sub-group level. Where

applicable, these local disclosures are provided under “Holding company and significant regulated subsidiaries and sub-

groups” at

ubs.com/investors

.

Significant regulatory developments, disclosure requirements and other changes

Developments related to Basel III implementation in the EU and the UK

In June 2026, the European Commission (the EC) adopted a delegated act amending the Capital Requirements Regulation

(the CRR) with temporary targeted adjustments to the EU implementation of the Fundamental Review of the Trading

Book (the FRTB) framework to address international differences in implementation timelines. The amendments aim to

temporarily offset the capital impact on EU banks adversely affected by the implementation of the FRTB framework, with

a view to preserving a level playing field with jurisdictions where the implementation of the FRTB framework is pending.

If no objections are raised by the European Parliament and the European Council, the amendments will become effective

from 1 January 2027, for a period of three years. UBS Europe SE is subject to CRR requirements; however, the expected

impact of these temporary amendments on UBS is limited.

Also in June 2026, the UK Prudential Regulation Authority (the PRA) launched a consultation on targeted adjustments to

the internal model approach for market risk provided by the FRTB framework under the Basel 3.1 standards aimed at

supporting international alignment and proportionality. The PRA has confirmed that the implementation date of the

framework remains 1 January 2028. UBS does not expect direct impacts from such regulatory changes as it has no

significant subsidiaries or sub-groups that are subject to UK capital regulations.

EU measures to enhance competitiveness and efficiency in EU banking

In July 2026, the EC published a report on the competitiveness of the EU banking sector outlining policy priorities to

strengthen the competitiveness and efficiency of the EU banking regulatory framework. These priorities include measures

to reduce fragmentation in the single market, facilitate more efficient capital and liquidity allocation within cross-border

banking groups, revise deposit insurance frameworks, potentially review the mandate of the European Banking Authority,

and assess selected elements of the Basel III implementation for possible revisions to reflect the particularities of EU banks.

Legislative proposals are expected to follow in the first quarter of 2027. Depending on their scope and final design,

targeted changes to applicable requirements could be relevant for UBS Europe SE at the entity level.

30 June 2026 Pillar 3 Report |

UBS Group | Introduction and basis for preparation 3

Other developments

Capital returns

In July 2026, we completed our latest share repurchase program. We are continuing with another share repurchase

program under which we intend to repurchase USD 3bn of shares at the latest by the end of the second quarter of 2027

and for which a reserve for the full amount is reflected in our common equity tier 1 (CET1) capital as of 30 June 2026.

We plan to repurchase at least USD 1bn of shares over the next three months. The amount and pace of share repurchases

will remain subject to our short-term financial performance and outlook, maintaining a CET1 capital ratio of around 14%

and further visibility on the deliberations by the Swiss Parliament on the capitalization of foreign subsidiaries.

Additional Pillar 3 disclosure

In the 30 June 2026 Pillar 3 Report, we have included the disclosure of the “CCR3: Standardized approach – CCR

exposures by regulatory portfolio and risk weights” table, due to an increase in the materiality of such exposures as of

30 June 2026.

›

Refer to “CCR exposure subject to the standardized approach” in the “Counterparty credit risk” section of this report for more

information

Frequency and comparability of Pillar 3 disclosures

The DisO-FINMA specifies the reporting frequency for each disclosure. In line with these FINMA-specified disclosure

requirements, including with regard to comparative periods, we provide quantitative comparative information as of

31 March 2026 for disclosures required on a quarterly basis and as of 31 December 2025 for disclosures required on a

semi-annual basis. Where specifically required by FINMA and / or the BCBS, we disclose comparative information for

additional reporting dates.

Where required, movement commentary is aligned with the corresponding disclosure frequency required by FINMA and

always refers to the latest comparative period. Throughout this report, signposts are displayed at the beginning of a

section, table or chart –

Semi-annual |

Quarterly |

– indicating whether the disclosure is provided semi-annually or quarterly. A

triangle symbol –





– indicates the end of the signpost.

›

Refer to the 31 March 2026 Pillar 3 Report, available under “Pillar 3 disclosures” at

ubs.com/investors

, for more information about

previously published quarterly movement commentary

›

Refer to the 31 December 2025 Pillar 3 Report, available under “Pillar 3 disclosures” at

ubs.com/investors

, for more information

about previously published semi-annual movement commentary

›

Refer to “Changes to Pillar 3 disclosure requirements” in the “Introduction and basis for preparation” section of the 31 March

2025 Pillar 3 Report, available under “Pillar 3 disclosures” at

ubs.com/investors

, for more information about quarterly tables

currently not applicable to UBS

›

Refer to “Changes to Pillar 3 disclosure requirements” in the “Introduction and basis for preparation” section of the 30 June 2025

Pillar 3 Report, available under “Pillar 3 disclosures” at

ubs.com/investors

, for more information about semi-annual tables

currently not applicable to UBS

30 June 2026 Pillar 3 Report |

UBS Group | Key metrics 4

Key metrics

Key metrics for the second quarter of 2026

Quarterly |

The KM1 and KM2 tables below are based on the Swiss Financial Market Supervisory Authority (FINMA) Ordinance

on the Disclosure Obligations of Banks and Securities Firms (DisO-FINMA) rules. The KM2 table includes a reference to

the total loss-absorbing capacity (TLAC) term sheet, published by the Financial Stability Board (the FSB). The FSB provides

this term sheet at

fsb.org/2015/11/total-loss-absorbing-capacity-tlac-principles-and-term-sheet

.

Our capital ratio decreased, reflecting a decrease in our tier 1 capital and an increase in risk-weighted assets (RWA). Our

leverage ratio decreased, driven by a decrease in our tier 1 capital, partly offset by a decrease in the leverage ratio

denominator (the LRD).

Our common equity tier 1 (CET1) capital decreased by USD 0.8bn to USD 72.5bn, mainly as operating profit before tax

of USD 3.6bn was more than offset by the recognition of a new USD 3.0bn capital reserve for expected future share

repurchases, dividend accruals of USD 0.9bn, current tax expenses of USD 0.5bn and negative foreign currency translation

effects of USD 0.3bn. Share repurchases of USD 1.9bn made under our 2026 share repurchase program in the second

quarter of 2026 did not affect our CET1 capital position, as there was an identical reduction in the existing capital reserve

for expected future share repurchases.

Our tier 1 capital decreased by USD 1.0bn to USD 96.0bn, reflecting the aforementioned USD 0.8bn decrease in CET1

capital and a USD 0.1bn decrease in additional tier 1 (AT1) capital. The decrease in AT1 capital reflected the redemption

of USD 1.5bn of AT1 capital instruments (including one instrument, ISIN CH0558521263, that ceased to be eligible when

we issued a notice of redemption of the instrument in the second quarter of 2026) and negative impacts from interest

rate risk hedge, foreign currency translation and other effects, largely offset by the issuance of new AT1 capital

instruments equivalent to USD 1.5bn.

The TLAC available as of 30 June 2026 included CET1 capital, AT1 capital and non-regulatory capital elements of TLAC.

Our available TLAC decreased by USD 3.9bn to USD 193.6bn, reflecting the aforementioned decrease in tier 1 capital

and a USD 2.9bn decrease in non-regulatory capital elements of TLAC. The decrease in non-regulatory capital elements

of TLAC was mainly due to the redemption of TLAC-eligible senior unsecured debt instruments for the equivalent of

USD 2.9bn.

During the second quarter of 2026, RWA increased by USD 3.6bn to USD 503.9bn, driven by a USD 6.7bn increase

resulting from asset size and other movements, partly offset by a USD 1.9bn decrease from currency effects and a

USD 1.2bn decrease driven by model updates and methodology changes.

During the second quarter of 2026, the LRD decreased by USD 3.7bn to USD 1,649.8bn, driven by a USD 9.4bn decrease

from currency effects, partly offset by a USD 5.6bn increase from asset size and other movements.

The quarterly average liquidity coverage ratio of the UBS Group was largely unchanged at 177.3%, remaining above the

prudential requirement communicated by FINMA. Average net cash outflows increased by USD 5.0bn to USD 192.9bn,

primarily reflecting lower inflows from lending assets and securities financing transactions and higher net outflows from

debt issued measured at fair value. The effect of the increase in net cash outflows was offset by a USD 7.8bn increase in

average high-quality liquid assets to USD 341.8bn,

mainly reflecting

higher cash available due to increases in customer

deposits, debt issued and net brokerage payables, partly offset by lower cash available from funding of lending assets,

margin requirements and dividend distribution to shareholders, as well as a decrease in securities financing transactions.

As of 30 June 2026, the net stable funding ratio of the UBS Group decreased 1.9 percentage points to 115.1%,

remaining above the prudential requirement communicated by FINMA. Available stable funding increased by USD 3.6bn

to USD 900.3bn, mainly reflecting an increase in debt issued designated at fair value, partly offset by the tenor roll down

of TLAC-eligible senior unsecured debt instruments. Required stable funding increased by USD 15.7bn to USD 782.5bn,

mainly driven by higher trading assets and lending assets.

30 June 2026 Pillar 3 Report |

UBS Group | Key metrics 5

KM1: Key metrics

USD m, except where indicated

30.6.26

31.3.26

31.12.25

30.9.25

30.6.25

Available capital (amounts)

1

Common Equity Tier 1 (CET1)

72,464

73,313

71,262

74,655

72,709

2

Tier 1

95,977

96,963

91,176

94,950

91,721

3

Total capital

95,980

96,973

91,201

94,950

91,721

Risk-weighted assets (amounts)

4

Total risk-weighted assets (RWA)

503,923

500,355

493,397

504,897

504,500

4a

Total risk-weighted assets (pre-floor)

503,923

500,355

493,397

504,897

504,500

4b

Minimum capital requirement

1

40,314

40,028

39,472

40,392

40,360

Risk-based capital ratios as a percentage of RWA

5

Common equity tier 1 ratio (%)

14.38

14.65

14.44

14.79

14.41

5b

Common equity tier 1 ratio (%) (pre-floor)

14.38

14.65

14.44

14.79

14.41

6

Tier 1 ratio (%)

19.05

19.38

18.48

18.81

18.18

6b

Tier 1 ratio (%) (pre-floor)

19.05

19.38

18.48

18.81

18.18

7

Total capital ratio (%)

19.05

19.38

18.48

18.81

18.18

7b

Total capital ratio (%) (pre-floor)

19.05

19.38

18.48

18.81

18.18

Additional CET1 buffer requirements as a percentage of RWA

8

Capital conservation buffer requirement (%)

2.50

2.50

2.50

2.50

2.50

9

Countercyclical buffer requirement (%)

0.11

0.11

0.11

0.12

0.13

9a

Additional countercyclical buffer for Swiss mortgage loans (%)

0.33

0.33

0.38

0.32

0.33

10

Bank G-SIB and / or D-SIB additional requirements (%)

1.50

1.50

1.50

1.50

1.50

11

Total of bank CET1 specific buffer requirements (%)

2

4.11

4.11

4.11

4.12

4.13

12

CET1 available after meeting the bank’s minimum capital requirements (%)

3

9.88

10.15

9.94

10.29

9.91

Basel III leverage ratio

13

Total Basel III leverage ratio exposure measure

1,649,751

1,653,460

1,622,438

1,640,464

1,658,089

14

Basel III leverage ratio (%) (including the impact of any applicable temporary

exemption of central bank reserves)

4

5.82

5.86

5.62

5.79

5.53

14b

Basel III leverage ratio (%) (excluding the impact of any applicable

temporary exemption of central bank reserves)

5.82

5.86

5.62

5.79

5.53

14c

Basel III leverage ratio (%) (including the impact of any applicable temporary

exemption of central bank reserves) incorporating mean values for SFT

assets

4

5.79

5.86

5.58

5.77

5.54

14d

Basel III leverage ratio (%) (excluding the impact of any applicable

temporary exemption of central bank reserves) incorporating mean values for

SFT assets

5.79

5.86

5.58

5.77

5.54

14e

Minimum capital requirements

5

49,493

49,604

48,673

49,214

49,743

Liquidity coverage ratio (LCR)

6

15

Total high-quality liquid assets (HQLA)

341,792

333,963

331,568

346,550

358,759

16

Total net cash outflow

192,877

187,869

181,693

190,359

196,846

16a

of which: cash outflows

428,160

417,159

390,134

388,343

385,105

16b

of which: cash inflows

235,283

229,290

208,441

197,984

188,259

17

LCR (%)

177.28

177.83

182.64

182.12

182.31

Net stable funding ratio (NSFR)

18

Total available stable funding

900,258

896,644

882,039

898,762

904,703

19

Total required stable funding

782,479

766,795

759,829

750,960

738,891

20

NSFR (%)

115.05

116.93

116.08

119.68

122.44

1 Calculated as 8% of total RWA, based on total capital minimum requirements, excluding CET1 buffer requirements. 2 Excludes non-BCBS capital buffer requirements for risk-weighted positions that are directly

or indirectly backed by residential properties in Switzerland. 3 Represents the CET1 ratio that is available to meet buffer requirements. Calculated as the CET1 ratio minus the BCBS CET1 capital requirement and,

where applicable, minus the BCBS tier 2 capital requirement met with CET1 capital. 4 There is currently no temporary exemption of central bank reserves for UBS. 5 The higher of capital requirements based on

8% of RWA or 3% of LRD. 6 Calculated after the application of haircuts and inflow and outflow rates, as well as, where applicable, caps on Level 2 assets and cash inflows. Calculated based on an average of

60 data points in the second quarter of 2026 and 62 data points in the first quarter of 2026. For the prior-quarter data points, refer to the respective Pillar 3 Report, available under “Pillar 3 disclosures” at

ubs.com/investors, for more information.

KM2: Key metrics – TLAC requirements (at resolution group level)

1

USD m, except where indicated

30.6.26

31.3.26

31.12.25

30.9.25

30.6.25

1

Total loss-absorbing capacity (TLAC) available

193,631

197,556

187,307

199,329

191,171

2

Total RWA at the level of the resolution group

503,923

500,355

493,397

504,897

504,500

3

TLAC as a percentage of RWA (%)

38.42

39.48

37.96

39.48

37.89

4

Leverage ratio exposure measure at the level of the resolution group

1,649,751

1,653,460

1,622,438

1,640,464

1,658,089

5

TLAC as a percentage of leverage ratio exposure measure (%)

11.74

11.95

11.54

12.15

11.53

6a

Does the subordination exemption in the antepenultimate paragraph of

Section 11 of the FSB TLAC Term Sheet apply?

No

6b

Does the subordination exemption in the penultimate paragraph of

Section 11 of the FSB TLAC Term Sheet apply?

No

6c

If the capped subordination exemption applies, the amount of funding

issued that ranks pari passu with excluded liabilities and that is

recognized as external TLAC, divided by funding issued that ranks pari

passu with excluded liabilities and that would be recognized as external

TLAC if no cap was applied (%)

N/A – Refer to our response to 6b.

1 Resolution group level is defined as the UBS Group AG consolidated level.



30 June 2026 Pillar 3 Report |

UBS Group | Overview of risk-weighted assets 6

Overview of risk-weighted assets

Overview of risk-weighted assets and capital requirements

Quarterly |

The OV1 table below provides an overview of our risk-weighted assets (RWA) and the related minimum capital

requirements by risk type. The table presented is based on the respective Swiss Financial Market Supervisory Authority

(FINMA) template and empty rows indicate current non-applicability to UBS.

During the second quarter of 2026, RWA increased by USD 3.6bn to USD 503.9bn, driven by a USD 6.7bn increase

resulting from asset size and other movements, partly offset by a USD 1.9bn decrease from currency effects and a

USD 1.2bn decrease driven by model updates and methodology changes.

Credit and counterparty credit risk

Credit and counterparty credit risk RWA include settlement risk, credit valuation adjustments, equity and investments in

funds exposures in the banking book, and securitization exposures in the banking book but exclude non-counterparty-

related risk. Credit and counterparty credit risk RWA decreased by USD 3.8bn to USD 301.9bn as of 30 June 2026, driven

by a USD 1.8bn decrease from currency effects, a USD 1.2bn decrease due to model updates and methodology changes,

and a USD 0.8bn decrease resulting from asset size and other movements.

Asset size and other movements by business division and Group Items

–

Investment Bank RWA decreased by USD 2.0bn, mainly due to market-driven movements in derivatives, partly offset

by higher RWA on securities financing transactions (SFTs).

–

Non-core and Legacy RWA decreased by USD 0.4bn, primarily driven by our actions to actively unwind the portfolio,

in addition to the natural roll-off.

–

Group Items RWA decreased by USD 0.3bn.

–

Global Wealth Management RWA increased by USD 1.1bn, mainly due to market-driven movements and higher levels

of client activity in derivatives.

–

Personal & Corporate Banking RWA increased by USD 0.7bn, mainly due to increases in loans and loan commitments,

partly offset by lower high-quality liquid assets.

–

Asset Management RWA were unchanged.

Model updates and methodology changes resulted in an RWA decrease of USD 1.2bn, mainly reflecting a reduction in

the overlay for uncertainties associated with the alignment of models and RWA calculations in legacy Credit Suisse

platforms with those of UBS, following the completion of the Swiss client account and platform migrations, in Personal

& Corporate Banking and Global Wealth Management.

Market risk

Market risk RWA increased by USD 7.7bn to USD 32.3bn in the second quarter of 2026, driven by asset size and other

movements in Group Treasury related to hedging activities, as well as in the Investment Bank’s Global Markets business.

Operational risk

Operational risk RWA were unchanged at USD 135.4bn.

The flow tables for credit risk, counterparty credit risk (CCR) and credit valuation adjustment (CVA) RWA in the respective

sections of this report provide further details regarding the movements in RWA in the second quarter of 2026.

›

Refer to the “Introduction and basis for preparation” section of this report for more information about the regulatory standards

applied

›

Refer to the “Capital management” section of the UBS Group 30 June 2026 Interim Report, available under

”Quarterly reporting”

at

ubs.com/investors

, for more information about capital management and RWA, including details regarding movements in RWA

during the second quarter of 2026

Material model updates and methodology changes

Model updates and methodology changes implemented during the first half of 2026 resulted in a USD 0.2bn decrease

in RWA, mainly reflecting a decrease in the overlay for uncertainties associated with the alignment of models and RWA

calculations in legacy Credit Suisse platforms with those of UBS, following the completion of the Swiss client account

and platform migrations in Personal & Corporate Banking and Global Wealth Management. In addition, model updates

and methodology changes resulted in decreases in RWA on recourse-based lending in Global Wealth Management and

commodity trade finance facilities in Personal & Corporate Banking. These reductions were partly offset by higher RWA

from model updates regarding Swiss corporate exposures and mortgage loans in Personal & Corporate Banking and

updates to the methodology for residual risk on legacy synthetic securitizations in the Investment Bank. The updates also

affected Pillar 3 tables, due to asset class reclassifications and the movement of exposures between the internal ratings-

based (the IRB) approach and the standardized approach.

›

Refer to “Credit risk exposure and credit risk mitigation effects” and “Credit risk exposures by portfolio and PD range” in the

“Credit risk” section of this report for more information

30 June 2026 Pillar 3 Report |

UBS Group | Overview of risk-weighted assets 7

OV1: Overview of RWA

Section or table

reference

Minimum

capital

requirements

1

USD m, except where indicated

30.6.26

31.3.26

31.12.25

30.6.26

1

Credit risk (excluding counterparty credit risk)

256,126

259,534

257,192

CMS1, CMS2, 4

20,490

2

of which: standardized approach (SA)

56,883

62,382

61,983

CMS1, CMS2, CR4

4,551

2a

of which: non-counterparty-related risk

2

16,055

16,222

16,144

1,284

3

of which: foundation internal ratings-based (F-IRB) approach

41,325

40,148

40,713

CR6

3,306

4

of which: supervisory slotting approach

1,439

1,360

1,417

CR10

115

5

of which: advanced internal ratings-based (A-IRB) approach

156,480

155,645

153,078

CR6

12,518

5a

of which: adjustments related to the Swiss sectoral real estate floor for exposures secured by

real estate in Switzerland

3

6

Counterparty credit risk

4

35,005

35,410

33,037

CMS1, 5

2,800

7

of which: SA for counterparty credit risk (SA-CCR)

7,875

7,400

6,668

630

8

of which: internal model method (IMM)

14,465

16,152

14,623

CCR7

1,157

8a

of which: value-at-risk (VaR)

8,008

7,420

6,798

CCR7

641

9

of which: other CCR

4,657

4,439

4,948

373

10

Credit valuation adjustment (CVA)

9,462

10,192

8,874

CMS1, 6

757

10a

of which: full basic approach (BA-CVA)

4,461

4,898

4,274

CVA2

357

10b

of which: standardized approach (SA-CVA)

5,001

5,294

4,600

CVA3, CVA4

400

11

Equity positions under the simple risk weight approach during the five-year transitional period

12

Equity investments in funds – look-through approach

1,413

1,482

1,797

CMS1

113

13

Equity investments in funds – mandate-based approach

1,147

1,276

1,046

CMS1

92

14

Equity investments in funds – fallback approach

752

691

781

CMS1

60

15

Settlement risk

258

223

156

CMS1

21

16

Securitization exposures in banking book

5,038

4,548

4,801

CMS1, 7

403

17

of which: securitization internal ratings-based approach (SEC-IRBA)

1,160

1,143

1,302

7

93

18

of which: securitization external ratings-based approach (SEC-ERBA), including

internal assessment approach (IAA)

799

807

835

7

64

19

of which: securitization standardized approach (SEC-SA)

3,079

2,598

2,664

7

246

20

Market risk

32,276

24,549

23,756

CMS1, 8

2,582

21

of which: standardized approach (SA)

32,276

24,549

23,756

MR1

2,582

22

of which: internal models approach (IMA)

23

Capital charge for switch between trading book and banking book

24

Operational risk

135,425

135,425

135,425

CMS1

10,834

25

Amounts below thresholds for deduction (250% risk weight)

5

27,023

27,025

26,534

CMS1

2,162

25a

of which: deferred tax assets

18,303

18,500

18,128

1,464

26

Output floor applied (%)

6

65

65

60

27

Floor adjustment (before application of transitional cap)

7

28

Floor adjustment (after application of transitional cap)

8

29

Total

503,923

500,355

493,397

40,314

1 Calculated based on 8% of RWA. 2 Non-counterparty-related risk includes property, equipment, software and other items. 3 The Swiss sectoral real estate floor is not applicable at the level of UBS Group AG

consolidated. 4 Excludes settlement risk, which is separately reported in line 15 “Settlement risk”. Includes RWA with central counterparties. The split between the sub-components of counterparty credit risk refers

to the calculation of the exposure measure. 5 Includes items subject to threshold deduction treatment that do not exceed their respective threshold and are risk weighted at 250%. Items subject to threshold

deduction treatment include significant investments in common shares of non-consolidated financial institutions (banking, insurance and financial entities) and deferred tax assets arising from temporary differences.

6 The overall output floor of 72.5% is subject to a phase-in until 1 January 2028. As of 1 January 2026, the applicable overall output floor at the level of UBS Group AG consolidated increased to 65% and will

increase to 70% in 2027. 7 FINMA has not opted to implement a transitional cap that would limit the increase in RWA to 25% of a bank’s RWA before the application of the output floor. 8 The total of our actual

final Basel III RWA is higher than 65% of our final Basel III RWA calculated using the full standardized approach. Therefore, the overall output floor is not binding, and our RWA before and after the effects of the

overall output floor are equal.



Comparison of modelled and standardized RWA at risk level

Quarterly |

The CMS1 table compares RWA determined using models approved by FINMA with RWA determined under the

full standardized approach. The table also provides the full standardized approach for RWA that are the base of the

phased-in overall output floor. The purpose of the overall output floor is to ensure that banks’ capital requirements based

on modelled approaches where permitted do not fall below a certain percentage of capital requirements based on the

full standardized approach, thereby reducing excessive variability of RWA and enhancing the comparability of risk-based

capital ratios across banks. The impact of the output floor, if applicable, will be disclosed in the “OV1: Overview of RWA”

table in rows 27 and 28. The applicable threshold pursuant to the reporting date is disclosed in row 26 of the OV1 table,

and in column e in the CMS1 table below. As of 1 January 2026, the output floor increased to 65% from 60% and will

incrementally increase to a level of 72.5% by 2028. As of 30 June 2026, the floor is not binding at the level of UBS

Group, i.e. the total of our actual RWA shown in column c in the CMS1 table below is greater than 65% of the RWA

calculated under the full standardized approach shown in column e, and therefore no adjustment is required. UBS is

making progress with actions to mitigate RWA under the standardized approach to minimize the floor adjustment

required as the level of the output floor increases.

›

Refer to “Overview of risk-weighted assets and capital requirements” in this section for information about the OV1 table

The table below provides a summary of the key conceptual differences between the internal model approach and the

standardized approach.

30 June 2026 Pillar 3 Report |

UBS Group | Overview of risk-weighted assets 8

Key differences between the internal model approach and the standardized approach

Internal model approach

Standardized approach

Key impact

Risk weighting

Reliance on internal ratings where each

counterparty / transaction receives a rating based

on internal models approved by FINMA.

Reliance on external credit assessment institutions

where permitted in the regulatory framework.

Modelled approach produces RWA that is more risk

sensitive.

Granular risk-sensitive risk weight differentiation

via individual probability of default (PD) and loss

given default (LGD) for mortgages.

Less granular risk weights based on loan-to-value

(LTV) bands for mortgages.

The Group’s residential mortgage portfolio is

focused on the Swiss market, and the Group has

robust review processes in place concerning

borrowers’ ability to repay. This results in the

Group’s residential mortgage portfolio having a low

average LTV and results in an average risk weight

of around 20% under the advanced internal

ratings-based (A-IRB) approach.

Modelled LGD captures transaction quality

features including collateralization. Under the

foundation internal ratings-based (F-IRB)

approach, the LGD values are calculated based

on the rules set by FINMA.

No differentiation for transaction features (except

where a claim is subordinated).

Impact relevant across all asset classes.

Credit risk mitigation

Credit risk mitigation recognized via risk-sensitive

LGD or exposure at default (EAD).

Limited recognition of credit risk mitigation.

Standardized approach RWA is higher than

modelled RWA for most transaction types.

Wider variety of eligible collateral.

Restricted list of eligible collateral.

Limited recognition of collateral results in higher

RWA for Lombard lending and SFTs.

Repo value-at-risk (VaR) permits the use of VaR

models to estimate exposure and collateral for

SFTs. Approach permits full diversification and

netting across all collateral types.

Conservative and crude regulatory haircuts with

limited risk sensitivity.

The effects of guarantees and credit derivatives

are considered through either adjusting PD

and / or LGD estimates. UBS applies the F-IRB

approach for guarantee recognition.

In case of eligible guarantees and credit derivatives,

substitution is applied and the risk weight

applicable to the protection provider can be

assigned to the protected portion of the underlying

exposure.

CCF

A credit conversion factor (CCF) is applied to

model expected future drawdowns over the

12-month period, irrespective of the actual

maturity of a particular transaction. The CCF

includes downturn adjustments and is the result

of analysis of internal data and expert opinion.

Credit exposure equivalents are determined by

applying CCFs to off-balance sheet items. The CCFs

vary based on product type, maturity and the

underlying contractual agreements.

Modelled CCFs can be more tailored and

differentiated.

EAD for derivatives

Internal model method (IMM) facilitates the use

of a Monte Carlo simulation to estimate

exposure.

The standardized approach for CCR is calculated as

the replacement costs plus regulatory add-ons that

take into account potential future market moves at

predetermined fixed rates.

For large, diversified derivatives portfolios,

standardized EAD is higher than modelled EAD.

Application of multiplier on IMM exposure

estimate.

Differentiates add-ons by five exposure types and

three maturity buckets only.

Variability in holding period applied to

collateralized transactions, reflecting liquidity

risks.

Limited netting can be recognized.

EAD for SFTs

The repo VaR approach is a model based on a

Monte Carlo simulation and historical calibration

to estimate exposure, computed as quantile

exposure.

The comprehensive approach considers the adjusted

exposure after applicable supervisory haircuts on

both the exposure and the collateral received to

take account of possible future fluctuations in the

value of either the exposure or the collateral.

For large, diversified SFT portfolios, standardized

EAD is higher than modelled EAD.

Maturity in risk weight

Regulatory RWA function considers maturity: the

longer the maturity, the higher the risk weight.

No differentiation for maturity of transactions,

except for interbank exposures.

Model approach produces lower RWA for high-

quality, short-term transactions.

Credit valuation

adjustment

Not applicable under the final Basel III standards.

UBS calculates the CVA risk capital requirement

using both the standardized approach (SA-CVA)

and the full basic approach (BA-CVA) in line with

the final Basel III standards. The SA-CVA uses

sensitivities to market risk factors (e.g. interest rates

and credit spreads) and uses those sensitivities with

regulatory-prescribed risk weights and correlations

to arrive at a capital charge. The BA-CVA approach

is simpler and less risk sensitive.

Where the BA-CVA and the SA-CVA are applied

under the output floor calculation, the application

of internal ratings is not permitted.

Securitization exposures

in the banking book

The regulatory capital requirements are

calculated using a hierarchy of approaches. First,

the securitization internal ratings-based approach

(SEC-IRBA) is applied, if possible. If this approach

cannot be applied, one of the standardized

approaches is applied.

If the SEC-IRBA cannot be applied, the regulatory

capital requirements are calculated using the

following hierarchy of approaches: the securitization

external ratings-based approach or the

securitization standardized approach (SEC-SA).

Otherwise, a 1,250% risk weight is applied as a

fallback.

30 June 2026 Pillar 3 Report |

UBS Group | Overview of risk-weighted assets 9

Key differences between the internal model approach and the standardized approach (continued)

Internal model approach

Standardized approach

Key impact

Market risk

UBS does not apply the internal model approach

for market risk.

UBS currently applies the standardized approach of

the Fundamental Review of the Trading Book (the

FRTB) framework, in which minimum market risk

capital requirements are computed on the basis of

three components: the sensitivities-based method

(the SBM), the default risk charge (the DRC) and

the residual risk add-on (the RRAO). The SBM

captures delta, vega and curvature risk of the

underlying trading positions, the DRC uses the

jump-to-default risk in positions subject to equity

and credit risk, and positions that may not be

adequately capitalized by the SBM and the DRC

additionally attract an RRAO charge.

Where the standardized approach is applied under

the output floor calculation, the application of

internal ratings is not permitted.

The new FRTB framework replaced the VaR - and

stressed VaR-based Basel 2.5 market risk

framework.

Operational risk

Not applicable under the final Basel III standards.

The standardized approach is based on the business

indicator component, derived from financial

statement metrics, as well as the internal loss

multiplier, derived from average historical

operational losses. The new framework replaced the

advanced measurement approach.

As of 30 June 2026, the output floor is set at USD 475.0bn, representing 65% of RWA calculated using the full

standardized approach. This floor is USD 28.9bn below the actual RWA of USD 503.9bn.

During the second quarter of 2026, the difference between RWA calculated under the full standardized approach and

actual RWA decreased by USD 6.2bn, from USD 233.1bn to USD 226.9bn. This was primarily driven by RWA mitigation

actions undertaken during the quarter and currency effects, partly offset by asset size and other movements.

Credit risk RWA under the full standardized approach were higher than actual RWA. Under the standardized approach,

fixed risk weights are applied to residential mortgage exposures, depending on the LTV. The internal model-based

approach considers borrowers’ ability to service debt more accurately, including mortgage affordability and calibration

based on historic data. The Group’s residential mortgage portfolio is focused on the Swiss market, and the Group has

robust review processes in place concerning borrowers’ ability to repay. This results in the Group’s residential mortgage

portfolio having a low average LTV and consequently a lower average risk weight under the A-IRB approach compared

with the standardized approach. For Lombard lending, the average risk weight using internal models is lower than under

the standardized approach, primarily due to differences in collateral treatment. In addition, corporate exposures have

higher risk weights under the standardized approach compared with the average risk density in the modelled approach.

CCR RWA under the full standardized approach were higher than actual RWA, primarily reflecting higher risk weights

under the standardized approach compared with the IRB risk weights mainly in the corporate asset class, especially on

managed funds. In addition to risk weights, exposures calculated under the standardized approach are higher, because

the standardized approach does not fully recognize the benefits of netting, portfolio diversification and collateral.

CVA RWA calculated using the full standardized approach were higher than actual RWA, as the application of internal

ratings is not permitted under the standardized approach for output floor calculations.

RWA on securitization exposures in the banking book calculated using the full standardized approach were higher than

actual RWA, due to more conservative assumptions and less granular risk assessments permitted under the SEC-SA when

compared with the SEC-IRBA framework.

30 June 2026 Pillar 3 Report |

UBS Group | Overview of risk-weighted assets 10

CMS1: Comparison of modelled and standardized RWA at risk level

a

b

c

d

e

USD m

RWA for modelled

approaches that UBS has

FINMA approval to use

RWA for portfolios

where standardized

approaches are used

Total actual RWA

(i.e. RWA which banks

report as current

requirements)

RWA calculated using

full standardized

approach

(i.e. used in the base

of the output floor)

Output floor base

(RWA calculated

using full

standardized

approach)

1

30.6.26

1

Credit risk (excluding counterparty credit risk)

199,244

56,883

256,126

370,879

241,071

2

Counterparty credit risk

28,221

6,785

35,005

136,838

88,945

3

Credit valuation adjustment (CVA)

9,462

9,462

17,780

11,557

4

Securitization exposures in banking book

1,160

3,878

5,038

6,709

4,361

5

Market risk

32,276

32,276

32,573

21,172

6

Operational risk

135,425

135,425

135,425

88,026

7

Residual RWA

2

12

30,580

30,592

30,604

19,892

8

Total

228,636

275,287

503,923

730,807

475,025

3

31.3.26

1

Credit risk (excluding counterparty credit risk)

197,153

62,382

259,534

376,516

244,735

2

Counterparty credit risk

29,047

6,363

35,410

142,219

92,442

3

Credit valuation adjustment (CVA)

10,192

10,192

17,795

11,567

4

Securitization exposures in banking book

1,143

3,405

4,548

5,984

3,889

5

Market risk

24,549

24,549

24,756

16,091

6

Operational risk

135,425

135,425

135,425

88,026

7

Residual RWA

2

14

30,682

30,696

30,721

19,968

8

Total

227,357

272,997

500,355

733,414

476,719

3

31.12.25

1

Credit risk (excluding counterparty credit risk)

195,209

61,983

257,192

378,379

227,028

2

Counterparty credit risk

26,465

6,572

33,037

133,981

80,389

3

Credit valuation adjustment (CVA)

8,874

8,874

13,793

8,276

4

Securitization exposures in banking book

1,302

3,499

4,801

6,072

3,643

5

Market risk

23,756

23,756

24,127

14,476

6

Operational risk

135,425

135,425

135,425

81,255

7

Residual RWA

2

1,814

28,500

30,313

30,948

18,569

8

Total

224,790

268,608

493,397

722,726

433,635

3

1 As of 1 January 2026, the output floor increased to 65% from 60% in 2025. 2 Includes settlement risk, equity investments in funds and items subject to threshold deduction treatment that do not exceed their

respective threshold and are risk weighted at 250%. 3 The output floor is applied to total RWAs and not to individual risk categories.



Comparison of modelled and standardized RWA for credit risk at asset class level

Semi-annual |

The CMS2 table below elaborates on the comparison between RWA calculated under the full standardized and

the internally modelled approaches (including the IRB approach for credit risk and the supervisory slotting approach) by

focusing on RWA for credit risk at the asset-class and sub-asset-class levels.

During the first half of 2026, the difference between credit risk RWA calculated using the full standardized approach and

actual credit risk RWA decreased by USD 6.4bn, to USD 114.8bn from USD 121.2bn.

›

Refer to “Comparison of modelled and standardized RWA at risk level” in this section for information about the overall output

floor

RWA in the Retail asset class calculated using the full standardized approach were higher than actual RWA. The largest

component of the difference is observed primarily within Retail: exposures secured by real estate and Retail: other retail,

which includes Lombard lending. Under the standardized approach, fixed risk weights are applied to exposures secured

by real estate, depending on the LTV. The internal model-based approach considers borrowers’ ability to service debt

more accurately, including calibration based on historic data. The Group’s residential mortgage portfolio is focused on

the Swiss market, and the Group has robust review processes in place concerning borrowers’ ability to repay. This results

in the Group’s residential mortgage portfolio having a low average LTV and consequently a lower average risk weight

under the A-IRB approach compared with the standardized approach. For Lombard lending the average risk weight using

internal models is significantly lower than under the standardized approach, primarily due to differences in collateral

treatment.

RWA in the Corporates: other lending asset class calculated using the full standardized approach were higher than actual

RWA. The difference is primarily driven by exposures to large corporate clients, which have higher risk weights under the

standardized approach compared with the average risk weight under the modelled approach.

RWA in the Corporates: specialized lending asset class calculated using the full standardized approach were higher than

actual RWA. The difference is primarily driven by exposures related to income-producing real estate (IPRE) and object

financing. Under the standardized approach, fixed LTV-dependent risk weights are applied to exposures related to IPRE

resulting in a higher average risk weight than under the modelled approach.

30 June 2026 Pillar 3 Report |

UBS Group | Overview of risk-weighted assets 11

CMS2: Comparison of modelled and standardized RWA for credit risk at asset class level

a

b

c

d

e

USD m

RWA for modelled

approaches that UBS

has FINMA approval

to use

RWA for column (a) if

re-computed using the

standardized approach

Total actual RWA

(i.e. RWA which banks

report as current

requirements)

RWA calculated using

full standardized

approach

(i.e. used in the base

of the output floor)

Output floor base

(RWA calculated using

full standardized

approach)

1,2

30.6.26

1

Central governments, central banks and

supranational organizations

8,173

2,482

8,173

2,482

1,613

2

of which: Central governments, central banks and

supranational organizations (F-IRB)

3

of which: Central governments, central banks and

supranational organizations (A-IRB)

8,173

2,482

8,173

2,482

1,613

4

Banks

5,560

5,912

5,560

5,912

3,843

5

Public sector entities and multilateral development

banks

1,686

3,156

1,686

3,156

2,051

6

Corporates: specialized lending

29,520

43,851

29,520

43,851

28,503

7

of which: Corporates: specialized lending under the

supervisory slotting approach

1,439

1,591

1,439

1,591

1,034

8

of which: Corporates: specialized lending (F-IRB)

9

of which: Corporates: specialized lending (A-IRB)

28,081

42,260

28,081

42,260

27,469

10

Corporates: other lending

63,979

94,640

63,979

94,640

61,516

11

of which: Corporates: other lending (F-IRB)

34,079

58,215

34,079

58,215

37,840

12

of which: Corporates: other lending (A-IRB)

29,900

36,426

29,900

36,426

23,677

13

Retail

90,326

163,955

90,326

163,955

106,571

14

of which: Retail: exposures secured by real estate

63,648

107,424

63,648

107,424

69,826

15

of which: Retail: qualifying revolving retail

exposures (QRRE)

1,459

1,824

1,459

1,824

1,186

16

of which: Retail: other retail

25,219

54,707

25,219

54,707

35,560

17

Equity exposures

4,701

4,701

3,056

18

Other

52,182

52,182

33,918

19

Total

199,244

313,996

256,126

370,879

241,071

31.12.25

1

Central governments, central banks and

supranational organizations

7,033

2,963

7,033

2,963

1,778

2

of which: Central governments, central banks and

supranational organizations (F-IRB)

3

of which: Central governments, central banks and

supranational organizations (A-IRB)

7,033

2,963

7,033

2,963

1,778

4

Banks

5,983

6,382

5,983

6,382

3,829

5

Public sector entities and multilateral development

banks

1,448

2,762

1,448

2,762

1,657

6

Corporates: specialized lending

28,994

44,393

28,994

44,393

26,636

7

of which: Corporates: specialized lending under the

supervisory slotting approach

1,417

1,611

1,417

1,611

967

8

of which: Corporates: specialized lending (F-IRB)

9

of which: Corporates: specialized lending (A-IRB)

27,577

42,781

27,577

42,781

25,669

10

Corporates: other lending

62,523

94,716

62,523

94,716

56,830

11

of which: Corporates: other lending (F-IRB)

33,283

57,205

33,283

57,205

34,323

12

of which: Corporates: other lending (A-IRB)

29,240

37,512

29,240

37,512

22,507

13

Retail

89,228

165,180

89,228

165,180

99,108

14

of which: Retail: exposures secured by real estate

62,321

106,615

62,321

106,615

63,969

15

of which: Retail: qualifying revolving retail

exposures (QRRE)

1,590

1,788

1,590

1,788

1,073

16

of which: Retail: other retail

25,318

56,777

25,318

56,777

34,066

17

Equity exposures

4,778

4,778

2,867

18

Other

57,204

57,204

34,323

19

Total

195,209

316,397

257,192

378,379

227,028

1 As of 1 January 2026, the output floor increased to 65% from 60% in 2025. 2 Although the output floor is applied to total RWA, the output floor disclosed in this table reflects only RWA attributable to credit

risk exposures. Refer to the “CMS1: Comparison of modelled and standardized RWA at risk level” table in this section for information about non-credit risk exposures.



30 June 2026 Pillar 3 Report |

UBS Group | Credit risk 12

Credit risk

Introduction

Semi-annual |

The parameters applied under the internal ratings-based (the IRB) approach are generally based on the same

methodologies, data and systems we use for internal credit risk quantification, except where certain treatments are

specified by regulatory requirements. These include, for example, the application of regulatory prescribed floors and

multipliers, and differences with respect to eligibility criteria and exposure definitions. The exposure information presented

in this section may thus differ from our internal management view disclosed in the “Risk management and control”

sections of the quarterly and annual reports. Similarly, the regulatory capital prescribed measure of credit risk exposure

also differs from how it is defined under IFRS Accounting Standards.



Credit quality of assets

Semi-annual |

The CR1 table below provides a breakdown of defaulted and non-defaulted loans, debt securities, and off-

balance sheet exposures. The table also includes a breakdown of expected credit loss (ECL) accounting provisions on

exposures subject to the standardized approach and the IRB approach.

Compared with 31 December 2025, the net carrying amount of loans increased by USD 17.0bn to USD 913.2bn,

primarily driven by an increase in lending assets, mainly in Global Wealth Management and Personal & Corporate Banking,

and cash and balances at central banks.

The net carrying amount of debt securities increased by USD 0.4bn to USD 122.9bn.

The net carrying amount of off-balance sheet exposures increased by USD 9.2bn to USD 110.3bn, mainly driven by an

increase in commitments.

›

Refer to the “CR3: Credit risk mitigation techniques – overview” table in this section for more information about the net value

movements related to Loans and Debt securities shown in the table below

›

Refer to “Credit risk” in the “Risk management and control” section of the UBS Group Annual Report 2025, available under

”Annual reporting” at

ubs.com/investors

, for more information about the definitions of default and credit impairment and to

“Credit risk exposure categories” in the “Credit risk” section of the 31 December 2025 Pillar 3 Report, available under “Pillar 3

disclosures” at

ubs.com/investors

, for more information about the classification of Loans and Debt securities

CR1: Credit quality of assets

Gross carrying amounts of:

Allowances /

impairments

2

Of which: ECL accounting provisions

for credit losses on SA exposures

Of which: ECL

accounting

provisions for

credit losses on

IRB exposures

Net values

USD m

Defaulted

exposures

1

Non-defaulted

exposures

Allocated in

regulatory

category of

Specific

3

Allocated in

regulatory

category of

General

3

30.6.26

1

Loans

4

6,902

908,995

(2,706)

(222)

(52)

(2,432)

913,191

2

Debt securities

0

122,879

(8)

0

(8)

0

122,871

3

Off-balance sheet exposures

5

473

110,150

(329)

(27)

(10)

(292)

110,295

4

Total

7,375

1,142,024

(3,043)

(249)

(70)

(2,723)

1,146,356

31.12.25

1

Loans

4

7,168

891,719

(2,676)

(128)

(50)

(2,497)

896,211

2

Debt securities

0

122,520

(8)

0

(8)

0

122,512

3

Off-balance sheet exposures

5

308

100,995

(243)

(3)

(4)

(236)

101,060

4

Total

7,476

1,115,234

(2,927)

(131)

(62)

(2,734)

1,119,783

1 Defaulted exposures include stage 3 and defaulted purchased credit-impaired (PCI) assets under IFRS 9. Refer to “Note 8 Expected credit loss measurement” in the “Consolidated financial statements” section of

the UBS Group 30 June 2026 Interim Report, available under “Quarterly reporting” at ubs.com/investors, for more information about IFRS 9. 2 Expected credit loss (ECL) allowances and provisions amounted to

USD 3,189m as of 30 June 2026, as disclosed in “Note 8 Expected credit loss measurement” in the “Consolidated financial statements” section of the UBS Group 30 June 2026 Interim Report, available under

“Quarterly reporting” at ubs.com/investors. This Pillar 3 table excludes ECL toward securitization exposures, revocable off-balance sheet exposures, ECL on irrevocable committed prolongation of loans that do not

give rise to additional credit exposures and exposures subject to counterparty credit risk. 3 Specific provisions include stage 3 ECL allowances and additional ECL allowances on defaulted PCI assets. General

provisions include stage 1 and 2 ECL allowances and additional ECL allowances on non-defaulted PCI assets. 4 Loan exposure is reported in line with the Pillar 3 definition. Refer to “Credit risk exposure categories”in

the “Credit risk“ section of the 31 December 2025 Pillar 3 Report, available under “Pillar 3 disclosures” at ubs.com/investors, for more information about the classification of Loans and Debt securities. 5 Off-balance

sheet exposures include unutilized credit facilities, guarantees provided and forward starting loan commitments but exclude prolongations of loans that do not increase the initially committed loan amount. Unutilized

credit facilities exclude unconditionally revocable and uncommitted credit facilities, even if they attract RWA.



30 June 2026 Pillar 3 Report |

UBS Group | Credit risk 13

Semi-annual |

The CR2 table below presents changes in stock of defaulted loans, debt securities and off-balance sheet

exposures for the first half of 2026. The total amount of defaulted loans and debt securities decreased by USD 0.1bn to

USD 7.4bn compared with 31 December 2025.

CR2: Changes in stock of defaulted loans, debt securities and off-balance sheet exposures

USD m

For the half year

ended 30.6.26

1

For the half year

ended 31.12.25

1

1

Defaulted loans, debt securities and off-balance sheet exposures as of the beginning of the half year

7,476

6,820

2

Loans, debt securities and off-balance sheet exposures that have defaulted since the last reporting period

1,563

1,631

3

Returned to non-defaulted status

(83)

(401)

4

Amounts written off

(104)

(237)

5

Other changes

2

(1,477)

(337)

6

Defaulted loans, debt securities and off-balance sheet exposures as of the end of the half year

7,375

7,476

1 Off-balance sheet exposures include unutilized credit facilities, guarantees provided and forward starting loan commitments but exclude prolongations of loans that do not increase the initially committed loan

amount. Unutilized credit facilities exclude unconditionally revocable and uncommitted credit facilities, even if they attract RWA. 2 Includes primarily partial or full repayments, as well as currency effects.



Credit risk mitigation

Semi-annual |

The CR3 table below provides a breakdown of loans and debt securities into unsecured and partially or fully

secured exposures, with additional information about the security type.

Compared with 31 December 2025, the carrying amount of unsecured loans increased by USD 4.5bn to USD 276.3bn,

primarily driven by an increase in cash and balances at central banks.

The carrying amount of partially or fully secured loans increased by USD 12.5bn to USD 636.9bn, mainly due to an

increase in lending assets in Global Wealth Management and Personal & Corporate Banking.

The carrying amount of unsecured debt securities increased by USD 0.4bn to USD 122.4bn.

CR3: Credit risk mitigation techniques – overview

1

Secured portion of exposures partially or fully secured:

USD m

Exposures fully

unsecured: carrying

amount

Exposures partially

or fully secured:

carrying amount

Total: carrying

amount

Exposures secured

by collateral

Exposures secured

by financial

guarantees

Exposures secured

by credit derivatives

30.6.26

1

Loans

2

276,268

636,923

913,191

617,593

4,519

5

1a

of which: cash and balances at central

banks

215,071

215,071

2

Debt securities

122,353

518

122,871

3

Total

398,620

637,442

1,036,062

617,593

3

4,519

5

4

of which: defaulted

4

638

4,309

4,947

2,955

2

31.12.25

1

Loans

2

271,756

624,455

896,211

605,131

4,799

0

1a

of which: cash and balances at central

banks

209,010

0

209,010

0

0

0

2

Debt securities

121,935

577

122,512

0

0

0

3

Total

393,691

625,032

1,018,723

605,131

3

4,799

0

4

of which: defaulted

4

304

4,910

5,215

4,089

221

0

1 Exposures in this table represent carrying amounts in accordance with the regulatory scope of consolidation. 2 Loan exposure is reported in line with the Pillar 3 definition. Refer to “Credit risk exposure categories”

in the “Credit risk” section of the 31 December 2025 Pillar 3 Report, available under “Pillar 3 disclosures” at ubs.com/investors, for more information about the classification of Loans and Debt securities. 3 Eligible

financial collateral under the IRB approach is recognized in the LGD parameter. The exposure secured by collateral for IRB represents the collateral amounts received prior to any haircuts but subject to the maximum

of the exposure carrying value. 4 Includes defaulted purchased credit-impaired assets.



30 June 2026 Pillar 3 Report |

UBS Group | Credit risk 14

Credit risk under the standardized approach

Introduction

The standardized approach is generally applied where using the IRB approach is not feasible. Under the standardized

approach we use, where possible, credit ratings from external credit assessment institutions to determine the risk

weightings applied to rated counterparties.

Credit risk exposure and credit risk mitigation effects

Semi-annual |

The CR4 table below illustrates the credit risk exposure and effect of credit risk mitigation (CRM) on the

calculation of capital requirements under the standardized approach. Exposures in the following narratives represent

exposure at default (EAD) after the application of credit conversion factors (CCF) and CRM.

Compared with 31 December 2025, exposures decreased by USD 18.9bn to USD 96.6bn, and RWA decreased by

USD 5.1bn to USD 56.9bn.

–

Exposures to Central governments, central banks and supranational organizations decreased by USD 8.4bn to

USD 11.7bn, and RWA decreased by USD 0.9bn to USD 0.1bn, mainly due to increased use of the IRB approach.

–

Exposures to Public sector entities decreased by USD 3.4bn to USD 6.1bn, and RWA decreased by USD 0.9bn to

USD 1.7bn, primarily driven by lower high-quality liquid asset (HQLA) portfolio securities in Group Treasury.

–

Exposures to Banks decreased by USD 2.8bn to USD 16.8bn, and RWA decreased by USD 0.9bn to USD 6.0bn, mainly

due to a decrease in amounts due from banks and lower HQLA portfolio securities in Group Treasury.

–

Exposures to Corporates decreased by USD 1.7bn to USD 24.6bn, and RWA decreased by USD 0.8bn to USD 19.0bn,

mainly driven by the use of the IRB approach for recourse-based lending in Global Wealth Management, partly offset

by increases in loans and loan commitments in the Investment Bank.

–

Retail exposures decreased by USD 1.6bn to USD 4.9bn, and RWA decreased by USD 1.1bn to USD 5.3bn, primarily in

Personal & Corporate Banking from the sale of our 50% interest in Swisscard AECS GmbH.

30 June 2026 Pillar 3 Report |

UBS Group | Credit risk 15

CR4: Standardized approach – credit risk exposure and credit risk mitigation (CRM) effects

Exposures

before CCF and CRM

Exposures

post CCF and CRM

RWA and RWA density

USD m, except where indicated

On-balance

sheet

amount

Off-balance

sheet

amount

Total

On-balance

sheet

amount

Off-balance

sheet

amount

Total

RWA

RWA density

in %

30.6.26

Asset classes

1

Central governments, central banks and supranational

organizations

11,336

20

11,356

11,651

20

11,671

95

0.8

2

Public sector entities

5,782

1,335

7,116

5,742

376

6,117

1,691

27.6

3

Multilateral development banks

38

38

38

38

4

Banks

15,697

2,577

18,274

15,778

977

16,755

6,012

35.9

4a

of which: Swiss account-holding securities firms and other

non-bank financial institutions subject to equivalent

prudential standards and supervision

381

381

420

420

423

100.7

5

Covered bonds

1

6,005

6,005

6,005

6,005

600

10.0

5a

of which: Swiss covered bonds

6,005

6,005

6,005

6,005

600

10.0

6

Corporates

21,475

14,857

36,332

19,900

4,722

24,622

19,021

77.3

6a

of which: Swiss non-account-holding securities firms and

other financial institutions not subject to equivalent

prudential standards and supervision

49

49

49

49

48

98.2

6b

of which: specialized lending

7

Subordinated debt, equity exposures and other capital

instruments

1,853

1,853

1,761

1,761

4,701

267.0

8

Retail

4,409

3,314

7,723

4,369

554

4,922

5,292

107.5

9

Real estate

7,539

812

8,351

7,131

284

7,414

2,767

37.3

9a

of which: own-used RRE

4,983

545

5,528

4,670

223

4,893

1,489

30.4

9b

of which: IPRRE

1,958

103

2,061

1,873

42

1,915

855

44.6

9c

of which: own-used CRE

192

95

287

188

1

189

129

67.9

9d

of which: IPCRE

347

42

389

340

15

355

259

72.9

9e

of which: land acquisition, development and construction

60

27

87

59

3

62

35

56.3

10

Defaulted exposures

555

71

626

556

11

568

650

114.5

11

Other assets

16,428

272

16,700

16,428

272

16,700

16,055

96.1

12

Total

91,117

23,258

114,375

89,360

7,214

96,574

56,883

58.9

31.12.25

Asset classes

1

Central governments, central banks and supranational

organizations

19,735

31

19,766

20,038

34

20,073

1,034

5.2

2

Public sector entities

9,006

2,049

11,055

9,007

493

9,499

2,576

27.1

3

Multilateral development banks

30

30

30

30

4

Banks

18,455

2,593

21,047

18,499

1,018

19,517

6,931

35.5

4a

of which: Swiss account-holding securities firms and other

non-bank financial institutions subject to equivalent

prudential standards and supervision

426

426

426

426

340

79.8

5

Covered bonds

1

6,391

6,391

6,391

6,391

639

10.0

5a

of which: Swiss covered bonds

6,391

6,391

6,391

6,391

639

10.0

6

Corporates

24,160

10,054

34,214

23,139

3,212

26,351

19,780

75.1

6a

of which: Swiss non-account-holding securities firms and

other financial institutions not subject to equivalent

prudential standards and supervision

51

51

51

51

51

100.0

6b

of which: specialized lending

4

4

1

1

1

100.0

7

Subordinated debt, equity exposures and other capital

instruments

1,858

1,858

1,786

1,786

4,778

267.6

8

Retail

6,053

4,264

10,317

6,002

484

6,486

6,348

97.9

9

Real estate

7,703

657

8,360

7,275

271

7,546

2,801

37.1

9a

of which: own-used RRE

5,383

524

5,907

5,056

220

5,276

1,713

32.5

9b

of which: IPRRE

2,014

106

2,120

1,918

42

1,960

866

44.2

9c

of which: own-used CRE

95

4

99

93

2

95

69

72.3

9d

of which: IPCRE

163

18

180

161

6

167

126

75.5

9e

of which: land acquisition, development and construction

48

5

53

47

1

48

28

58.0

10

Defaulted exposures

647

17

663

644

5

649

795

122.5

11

Other assets

16,970

178

17,148

16,970

178

17,148

16,301

95.1

12

Total

111,007

19,841

130,849

109,782

5,694

115,475

61,983

53.7

1 Covered bond exposures reported under the preferential risk weight treatment relate exclusively to Swiss covered bonds issued under the Swiss covered bonds regulation (Pfandbriefgesetz). All other covered bonds

are presented in the asset classes based on the issuer counterparty.



30 June 2026 Pillar 3 Report |

UBS Group | Credit risk 16

Exposures by asset classes and risk weights

Semi-annual |

The CR5 table below shows credit risk exposures under the standardized approach by asset classes and risk weights applied. The credit risk exposures in the CR5 table

are after the application of CCFs and CRM.

CR5: Standardized approach – exposures by asset classes and risk weights – excluding Real estate

USD m

Risk weight

0%

10%

15%

20%

25%

30%

35%

40%

45%

50%

65%

75%

80%

85%

100%

130%

150%

250%

400%

1,250%

Other

Total

credit

exposures

amount

30.6.26

Asset class

1

Central governments, central banks

and supranational organizations

11,499

2

151

19

11,671

2

Public sector entities

5,012

835

271

6,117

3

Multilateral development banks

38

38

4

Banks

14,128

402

270

10

1,946

16,755

4a

of which: Swiss account-holding

securities firms and other non-bank

financial institutions subject to

equivalent prudential standards and

supervision

103

40

26

252

420

5

Covered bonds

6,005

6,005

5a

of which: Swiss Covered Bonds

6,005

6,005

6

Corporates

6,085

126

311

17,078

263

760

1

24,622

6a

of which: Swiss non-account-

holding securities firms and other

financial institutions not subject to

equivalent prudential standards and

supervision

49

49

6b

of which: specialized lending

7

Subordinated debt, equity exposures

and other capital instruments

1,562

199

1,761

8

Retail

4,922

4,922

10

Defaulted exposures

407

161

568

11

Other assets

646

16,055

16,700

12

Total

12,183

6,005

25,226

402

1,383

311

38,762

2,369

1,562

199

760

89,160

1 Includes exposures secured by credit derivatives cleared through central counterparties risk-weighted at 2% or 4%.

30 June 2026 Pillar 3 Report |

UBS Group | Credit risk 17

CR5: Standardized approach – exposures by asset classes and risk weights – Real estate (continued)

USD m

Risk weight

0%

20%

25%

30%

35%

40%

45%

50%

55%

60%

65%

70%

75%

85%

90%

100%

105%

110%

115%

150%

Other

Total

credit

exposures

amount

30.6.26

Asset class

9

Real estate

1,668

1,231

773

2,024

331

461

355

322

117

3

66

1

2

15

45

7,414

9a

of which: own-used RRE

1,668

1,231

1,620

331

13

29

4,893

9b

of which: IPRRE

773

404

448

204

84

1

1

1,915

9c

of which: own-used CRE

151

4

2

32

189

9d

of which: IPCRE

322

32

2

355

9e

of which: land acquisition,

development and construction

2

15

45

62

30 June 2026 Pillar 3 Report |

UBS Group | Credit risk 18

CR5: Standardized approach – exposures by asset classes and risk weights – excluding Real estate (continued)

USD m

Risk weight

0%

10%

15%

20%

25%

30%

35%

40%

45%

50%

65%

75%

80%

85%

100%

130%

150%

250%

400%

1,250%

Other

Total

credit

exposures

amount

31.12.25

Asset class

1

Central governments, central banks

and supranational organizations

18,683

27

682

665

15

20,073

2

Public sector entities

7,693

1,538

268

9,499

3

Multilateral development banks

30

30

4

Banks

16,548

440

288

14

2,226

19,517

4a

of which: Swiss account-holding

securities firms and other non-bank

financial institutions subject to

equivalent prudential standards and

supervision

230

196

426

5

Covered bonds

6,391

6,391

5a

of which: Swiss Covered Bonds

6,391

6,391

6

Corporates

7,838

618

118

68

17,620

90

26,351

6a

of which: Swiss non-account-

holding securities firms and other

financial institutions not subject to

equivalent prudential standards and

supervision

51

51

6b

of which: specialized lending

1

1

7

Subordinated debt, equity exposures

and other capital instruments

1,576

209

1,786

8

Retail

373

857

5,256

6,486

10

Defaulted exposures

356

293

649

11

Other assets

848

16,300

17,148

12

Total

19,562

6,391

32,106

440

373

3,128

975

68

40,480

2,623

1,576

209

107,929

30 June 2026 Pillar 3 Report |

UBS Group | Credit risk 19

CR5: Standardized approach – exposures by asset classes and risk weights – Real estate (continued)

USD m

Risk weight

0%

20%

25%

30%

35%

40%

45%

50%

55%

60%

65%

70%

75%

85%

90%

100%

105%

110%

115%

150%

Other

Total

credit

exposures

amount

31.12.25

Asset class

9

Real estate

1,795

1,278

799

2,068

117

866

155

137

196

4

57

19

2

18

35

7,546

9a

of which: own-used RRE

1,795

1,278

1,680

117

217

189

5,276

9b

of which: IPRRE

799

388

649

90

7

4

19

5

1,960

9c

of which: own-used CRE

66

29

95

9d

of which: IPCRE

137

28

2

167

9e

of which: land acquisition,

development and construction

13

35

48



30 June 2026 Pillar 3 Report |

UBS Group | Credit risk 20

Semi-annual |

The CR5 table below presents on- and off-balance sheet exposures distributed across regulatory risk weight

buckets, including what average CCFs are applied to off-balance sheet exposures.

CR5: Exposure amounts and CCFs applied to off-balance sheet exposures, categorised based on risk bucket of

converted exposures

USD m, except where indicated

On-balance sheet

exposure (pre-CRM)

Off-balance sheet

exposure (pre-CCF and

pre-CRM)

Weighted average CCF

in %

Exposure (post CCF and

CRM)

30.6.26

Risk weight

1

Less than 40%

48,345

6,383

39

50,316

2

40-70%

2,696

1,112

18

2,852

3

75%

336

234

41

428

4

85%

5

3

5

90-100%

35,738

14,418

32

38,828

6

105-130%

3

3

7

150%

2,142

1,111

29

2,384

8

250%

1,597

1,562

9

400%

256

199

10

1,250%

11

Total

91,117

23,258

33

96,574

31.12.25

Risk weight

1

Less than 40%

63,635

4,953

38

64,471

2

40-70%

4,411

847

26

4,778

3

75%

1,022

502

36

1,172

4

85%

60

58

20

72

5

90-100%

37,528

12,944

28

40,536

6

105-130%

20

2

40

21

7

150%

2,474

536

27

2,641

8

250%

1,597

1,576

9

400%

260

209

10

1,250%

1

11

Total

111,007

19,841

31

115,475



Credit risk under the IRB approach

Introduction

The IRB approach includes the advanced IRB (A-IRB) approach and, under the final Basel III standards from 1 January

2025 onward, the foundation IRB (F-IRB) approach for exposures to banks, public sector entities and multilateral

development banks, and large corporate clients. Under the A-IRB approach the required capital for credit risk is quantified

through empirical models that we have developed to estimate the probability of default (PD), loss given default (LGD),

exposure at default (EAD) and other parameters, subject to approval by the Swiss Financial Market Supervisory Authority

(FINMA). Under the F-IRB approach banks are permitted to use their own internal estimates for the PD.

›

Refer to “Credit risk under the IRB approach” in the “Credit risk” section of the 31 December 2025 Pillar 3 Report, available under

“Pillar 3 disclosures” at

ubs.com/investors

, for information about our key credit risk models

Credit risk exposures by portfolio and PD range

Semi-annual |

The CR6 table below provides information about credit risk exposures under the IRB approach, including a

breakdown of the main parameters used in IRB models to calculate the capital requirements, presented by portfolio and

PD range across FINMA-defined asset classes. Exposures in the following narratives represent EAD after the application

of CCF and CRM.

Compared with 31 December 2025, exposures increased by USD 45.4bn to USD 1,067.6bn, and RWA increased by

USD 4.0bn to USD 197.8bn.

–

Exposures to Central governments, central banks and supranational organizations subject to the A-IRB approach

increased by USD 24.4bn to USD 295.7bn, and RWA increased by USD 1.1bn to USD 8.2bn, mainly driven by increases

in cash and balances at central banks and HQLA portfolio securities, and the increased use of the IRB approach.

–

Exposures to Corporates: other lending subject to the A-IRB approach increased by USD 3.8bn to USD 55.4bn, and

RWA increased by USD 0.7bn to USD 29.9bn, mainly driven by model updates and methodology changes during the

first half of 2026, relating to the application of the IRB approach on recourse-based lending in Global Wealth

Management and higher RWA from Swiss corporate exposures in Personal & Corporate Banking. This was partly offset

by a decrease in the overlay for uncertainties associated with the alignment of models and RWA calculations in legacy

Credit Suisse platforms with those of UBS, following the completion of the Swiss client account and platform

migrations, in Personal & Corporate Banking and Global Wealth Management.

–

Retail exposures secured by real estate subject to the A-IRB approach increased by USD 2.4bn to USD 328.2bn, and

RWA increased by USD 1.3bn to USD 63.6bn, primarily due to increases in loans and loan commitments.

–

Other retail exposures subject to the A-IRB approach increased by USD 10.8bn to USD 230.4bn, and RWA decreased

by USD 0.1bn to USD 25.2bn, mainly driven by increases in loans and loan commitments in Global Wealth

30 June 2026 Pillar 3 Report |

UBS Group | Credit risk 21

Management and following the migration of exposures from Credit Suisse models.

–

Exposures to Banks subject to the F-IRB approach increased by USD 2.0bn to USD 14.8bn, and RWA decreased by

USD 0.4bn to USD 5.6bn, mainly driven by an increase in amounts due from banks and changes in the portfolio mix.

–

Exposures to Corporates: other lending subject to the F-IRB approach increased by USD 1.8bn to USD 67.2bn, and

RWA increased by USD 0.8bn to USD 34.1bn, mainly due to an increase in loans and loan commitments and various

model updates and methodology changes.

›

Refer to the “CR8: RWA flow statements of credit risk exposures under IRB” table in this section for more information about the

movement of credit risk exposures under the IRB approach

30 June 2026 Pillar 3 Report |

UBS Group | Credit risk 22

CR6: IRB – Credit risk exposures by portfolio and PD range

USD m, except where indicated

Original on-

balance sheet

gross exposure

Off-balance

sheet

exposures pre-

CCF

Total

exposures

pre-CCF

Average CCF

in %

EAD post-CCF

and post-CRM

Average PD

in %

Number of

obligors (in

thousands)

Average LGD

in %

1

Average

maturity

in years

1

RWA

RWA density

in %

EL

Provisions

2

Central governments, central banks and supranational organizations –

A-IRB as of 30.6.26

0.00 to <0.15

291,784

22

291,806

52.2

294,085

0.0

<0.1

16.3

1.0

6,734

2.3

12

0.15 to <0.25

16

0

16

52.0

307

0.2

<0.1

47.7

4.3

186

60.7

0

0.25 to <0.50

1,019

21

1,040

39.9

979

0.3

<0.1

69.9

1.0

637

65.0

2

0.50 to <0.75

0.75 to <2.50

344

32

376

40.0

261

1.0

<0.1

64.7

1.1

274

105.0

2

2.50 to <10.00

229

174

404

40.0

34

5.2

<0.1

50.3

4.4

68

202.4

1

10.00 to <100.00

115

0

115

100.0

54

28.0

<0.1

89.8

1.0

253

469.4

74

100.00 (default)

3

24

0

24

9.7

21

100.0

<0.1

21

100.0

2

Subtotal

293,531

249

293,780

41.1

295,741

0.0

<0.1

16.5

1.0

8,173

2.8

94

93

Central governments, central banks and supranational organizations –

A-IRB as of 31.12.25

0.00 to <0.15

268,271

26

268,297

46.7

270,339

0.0

<0.1

15.8

1.0

6,126

2.3

15

0.15 to <0.25

277

0

278

32.5

591

0.2

<0.1

48.9

2.9

281

47.5

0

0.25 to <0.50

48

42

90

40.0

19

0.4

<0.1

70.6

1.2

13

69.6

0

0.50 to <0.75

0

0

0

40.0

0

0.6

<0.1

25.2

4.9

0

58.9

0

0.75 to <2.50

367

34

402

40.0

262

1.0

<0.1

64.8

1.1

280

106.6

2

2.50 to <10.00

230

194

424

40.0

21

7.0

<0.1

72.9

4.7

66

313.2

1

10.00 to <100.00

104

0

104

100.0

52

28.0

<0.1

89.8

1.0

245

469.4

81

100.00 (default)

3

22

0

22

10.3

22

100.0

<0.1

22

100.0

2

Subtotal

269,321

296

269,617

40.6

271,308

0.0

<0.1

15.9

1.0

7,033

2.6

101

87

Corporates: specialized lending – A-IRB as of 30.6.26

0.00 to <0.15

6,152

1,571

7,723

62.8

7,139

0.1

0.3

15.0

2.5

689

9.7

1

0.15 to <0.25

6,858

2,581

9,439

44.5

7,732

0.2

0.5

21.0

2.3

1,466

19.0

3

0.25 to <0.50

13,176

4,065

17,242

37.6

14,624

0.4

1.3

23.2

2.1

4,537

31.0

12

0.50 to <0.75

10,616

4,179

14,795

29.3

11,791

0.6

1.2

27.7

1.9

5,659

48.0

21

0.75 to <2.50

16,653

4,697

21,350

27.4

17,820

1.2

2.1

28.8

2.2

11,561

64.9

64

2.50 to <10.00

3,493

803

4,297

35.0

3,769

3.9

0.5

27.9

2.5

3,386

89.8

41

10.00 to <100.00

127

1

127

90.7

127

17.0

<0.1

37.9

2.1

239

187.5

8

100.00 (default)

3

751

3

754

9.9

544

100.0

<0.1

544

100.0

207

Subtotal

57,825

17,900

75,726

36.1

63,546

1.7

6.0

24.5

2.2

28,081

44.2

356

253

Corporates: specialized lending – A-IRB as of 31.12.25

0.00 to <0.15

8,349

2,159

10,508

63.4

9,821

0.1

0.8

15.2

2.4

1,017

10.4

1

0.15 to <0.25

5,385

2,451

7,835

32.6

5,973

0.2

0.5

19.1

2.6

1,202

20.1

2

0.25 to <0.50

12,145

3,739

15,884

32.3

13,405

0.4

1.2

22.3

2.2

4,329

32.3

11

0.50 to <0.75

7,563

3,530

11,093

25.3

8,377

0.6

0.9

26.1

2.2

3,816

45.6

14

0.75 to <2.50

18,484

4,778

23,263

31.9

19,953

1.3

1.9

27.0

2.2

12,293

61.6

73

2.50 to <10.00

4,817

1,103

5,920

46.4

5,329

3.4

0.5

26.6

2.4

4,315

81.0

49

10.00 to <100.00

68

0

68

0.0

68

18.7

<0.1

28.8

1.5

94

137.2

3

100.00 (default)

3

679

2

682

10.0

509

100.0

<0.1

509

100.0

206

Subtotal

57,491

17,761

75,252

35.5

63,435

1.7

5.9

23.1

2.3

27,577

43.5

359

297

30 June 2026 Pillar 3 Report |

UBS Group | Credit risk 23

CR6: IRB – Credit risk exposures by portfolio and PD range (continued)

USD m, except where indicated

Original on-

balance sheet

gross exposure

Off-balance

sheet

exposures pre-

CCF

Total

exposures

pre-CCF

Average CCF

in %

EAD post-CCF

and post-CRM

Average PD

in %

Number of

obligors (in

thousands)

Average LGD

in %

1

Average

maturity

in years

1

RWA

RWA density

in %

EL

Provisions

2

Corporates: other lending – A-IRB as of 30.6.26

0.00 to <0.15

3,724

5,158

8,882

33.8

5,461

0.1

3.4

28.9

2.1

818

15.0

1

0.15 to <0.25

1,842

2,728

4,570

31.1

2,683

0.2

1.0

30.0

1.8

614

22.9

1

0.25 to <0.50

3,503

4,551

8,055

43.4

5,463

0.4

1.6

30.2

1.7

1,765

32.3

6

0.50 to <0.75

5,488

2,637

8,125

41.4

6,548

0.6

1.4

26.8

1.7

2,441

37.3

11

0.75 to <2.50

16,576

7,541

24,117

46.4

19,967

1.4

4.5

28.8

1.7

11,178

56.0

85

2.50 to <10.00

11,240

5,222

16,462

48.5

13,241

4.2

7.1

34.0

1.7

10,963

82.8

180

10.00 to <100.00

630

234

864

35.7

647

13.5

0.2

24.6

1.3

680

105.1

22

100.00 (default)

3

2,496

282

2,778

38.5

1,439

100.0

0.6

1,439

100.0

1,163

Subtotal

45,500

28,352

73,853

41.9

55,449

4.4

19.9

29.2

1.8

29,900

53.9

1,468

1,545

Corporates: other lending – A-IRB as of 31.12.25

0.00 to <0.15

4,926

7,926

12,852

26.8

7,113

0.1

3.9

31.4

2.3

1,171

16.5

2

0.15 to <0.25

2,979

3,733

6,712

46.5

4,751

0.2

1.5

32.1

1.9

1,260

26.5

3

0.25 to <0.50

4,930

3,906

8,836

37.6

6,420

0.4

2.2

32.3

2.0

2,308

36.0

7

0.50 to <0.75

3,286

2,240

5,527

42.1

4,041

0.6

1.6

33.9

2.0

2,195

54.3

9

0.75 to <2.50

13,883

5,602

19,485

44.8

16,273

1.4

4.2

29.7

1.8

11,114

68.3

70

2.50 to <10.00

10,455

3,915

14,370

45.3

11,721

3.9

7.0

36.4

2.0

9,764

83.3

165

10.00 to <100.00

188

181

369

53.7

248

14.3

0.1

37.4

1.5

393

158.7

14

100.00 (default)

3

1,954

376

2,329

25.5

1,034

100.0

0.7

1,034

100.0

1,110

Subtotal

42,601

27,879

70,480

38.6

51,601

3.5

21.2

31.8

2.0

29,240

56.7

1,381

1,428

Retail: exposures secured by real estate – A-IRB as of 30.6.26

0.00 to <0.15

49,355

1,278

50,633

58.1

50,098

0.1

57.6

17.6

1,972

3.9

7

0.15 to <0.25

99,472

2,004

101,476

52.3

100,527

0.2

124.6

23.6

9,427

9.4

41

0.25 to <0.50

99,123

3,344

102,468

76.0

101,677

0.3

109.9

27.4

18,582

18.3

98

0.50 to <0.75

40,439

1,521

41,961

78.0

41,644

0.6

36.0

31.3

13,079

31.4

82

0.75 to <2.50

25,902

1,833

27,735

63.9

27,076

1.2

25.3

34.0

13,735

50.7

109

2.50 to <10.00

5,429

146

5,575

79.1

5,545

3.6

5.8

31.2

5,095

91.9

63

10.00 to <100.00

163

0

163

98.7

163

16.6

0.1

35.2

310

190.6

10

100.00 (default)

3

1,477

18

1,495

29.1

1,447

100.0

1.4

1,447

100.0

36

Subtotal

321,361

10,145

331,506

67.2

328,176

0.9

360.6

25.7

63,648

19.4

445

105

Retail: exposures secured by real estate – A-IRB as of 31.12.25

0.00 to <0.15

114,454

2,331

116,785

40.4

115,747

0.1

166.6

16.7

4,316

3.7

16

0.15 to <0.25

51,694

857

52,551

51.9

52,320

0.2

51.2

22.9

4,483

8.6

21

0.25 to <0.50

58,901

1,071

59,972

61.1

59,734

0.3

56.2

25.9

8,914

14.9

54

0.50 to <0.75

32,980

729

33,709

78.4

33,560

0.6

30.2

30.6

8,042

24.0

65

0.75 to <2.50

42,698

2,630

45,328

70.8

44,580

1.2

39.9

34.0

19,194

43.1

189

2.50 to <10.00

16,913

438

17,350

78.7

17,259

4.0

15.3

32.8

14,015

81.2

224

10.00 to <100.00

1,314

19

1,333

71.1

1,328

15.9

0.9

32.8

2,107

158.7

69

100.00 (default)

3

1,257

2

1,259

9.1

1,250

100.0

1.2

1,250

100.0

32

Subtotal

320,211

8,077

328,288

59.8

325,777

1.0

361.5

24.0

62,321

19.1

670

111

30 June 2026 Pillar 3 Report |

UBS Group | Credit risk 24

CR6: IRB – Credit risk exposures by portfolio and PD range (continued)

USD m, except where indicated

Original on-

balance sheet

gross exposure

Off-balance

sheet

exposures pre-

CCF

Total

exposures

pre-CCF

Average CCF

in %

EAD post-CCF

and post-CRM

Average PD

in %

Number of

obligors (in

thousands)

Average LGD

in %

1

Average

maturity

in years

1

RWA

RWA density

in %

EL

Provisions

2

Retail: qualifying revolving retail exposures (QRRE) – A-IRB

as of 30.6.26

0.00 to <0.15

312

4,672

4,985

54.6

2,865

0.1

522.7

51.2

90

3.1

1

0.15 to <0.25

199

1,839

2,038

55.5

1,220

0.2

196.1

52.3

89

7.3

1

0.25 to <0.50

241

1,174

1,415

65.0

1,004

0.4

136.0

52.6

132

13.1

2

0.50 to <0.75

215

605

820

59.3

574

0.6

102.0

53.4

122

21.3

2

0.75 to <2.50

393

675

1,068

54.2

784

1.3

157.9

54.6

289

36.8

5

2.50 to <10.00

541

417

958

18.2

565

4.1

103.4

54.1

474

83.9

13

10.00 to <100.00

89

13

102

58.2

97

18.6

22.5

59.5

215

222.6

11

100.00 (default)

3

81

0

81

0.0

49

100.0

34.6

49

100.0

33

Subtotal

2,072

9,395

11,466

54.8

7,158

1.5

1,275.2

52.1

1,459

20.4

67

58

Retail: qualifying revolving retail exposures (QRRE) – A-IRB as of

31.12.25

0.00 to <0.15

304

4,583

4,887

54.3

2,790

0.1

497.5

51.0

87

3.1

1

0.15 to <0.25

185

1,914

2,099

55.2

1,242

0.2

196.8

52.0

90

7.3

1

0.25 to <0.50

225

1,295

1,520

68.3

1,110

0.4

144.7

53.3

149

13.4

2

0.50 to <0.75

206

758

964

65.0

699

0.6

150.0

57.8

162

23.1

3

0.75 to <2.50

402

775

1,177

60.1

874

1.3

191.7

59.2

351

40.1

7

2.50 to <10.00

514

467

980

18.1

521

4.1

101.7

56.7

465

89.2

12

10.00 to <100.00

90

14

104

63.1

100

19.0

27.1

64.6

242

242.9

12

100.00 (default)

3

70

0

70

0.0

45

100.0

30.9

45

100.0

25

Subtotal

1,996

9,805

11,801

55.9

7,380

1.5

1,340.5

53.4

1,590

21.5

63

43

Retail: other retail – A-IRB as of 30.6.26

0.00 to <0.15

136,157

465,076

601,233

10.3

184,070

0.1

633.9

28.1

9,730

5.3

28

0.15 to <0.25

15,308

5,210

20,518

12.3

15,947

0.2

26.2

30.1

2,071

13.0

8

0.25 to <0.50

8,473

3,446

11,918

9.4

8,795

0.4

23.2

31.9

2,064

23.5

10

0.50 to <0.75

4,246

1,238

5,485

14.2

4,415

0.6

30.8

31.9

1,202

27.2

9

0.75 to <2.50

10,840

5,190

16,030

22.8

11,976

1.3

181.9

39.7

5,917

49.4

60

2.50 to <10.00

3,364

698

4,062

45.9

3,509

4.4

46.1

45.6

2,431

69.3

71

10.00 to <100.00

730

159

889

11.0

740

24.6

19.6

49.2

864

116.8

93

100.00 (default)

3

1,174

55

1,229

62.6

936

100.0

7.8

941

100.6

273

Subtotal

180,292

481,071

661,363

10.5

230,387

0.7

969.4

29.3

25,219

10.9

552

365

Retail: other retail – A-IRB as of 31.12.25

0.00 to <0.15

135,012

412,222

547,234

9.8

175,683

0.1

563.0

31.8

10,317

5.9

29

0.15 to <0.25

10,030

16,385

26,416

6.5

11,089

0.2

36.8

30.6

1,620

14.6

6

0.25 to <0.50

10,526

20,318

30,844

6.0

11,754

0.4

38.7

28.5

2,289

19.5

12

0.50 to <0.75

7,035

14,308

21,343

3.5

7,534

0.6

50.9

30.5

2,186

29.0

14

0.75 to <2.50

7,437

11,300

18,737

12.5

8,813

1.3

90.2

48.4

5,109

58.0

54

2.50 to <10.00

2,902

1,747

4,649

19.0

3,147

4.3

44.0

45.0

2,080

66.1

63

10.00 to <100.00

786

138

924

14.0

757

22.9

18.3

49.7

881

116.4

88

100.00 (default)

3

960

58

1,018

54.8

837

100.0

7.8

837

100.0

307

Subtotal

174,689

476,476

651,165

9.5

219,613

0.7

849.7

32.3

25,318

11.5

572

391

Total – A-IRB 30.6.26

900,582

547,112

1,447,694

14.8

980,458

0.8

2,631.1

24.1

1.3

156,480

16.0

2,983

2,418

Total – A-IRB 31.12.25

866,309

540,296

1,406,604

13.4

939,114

0.8

2,578.9

24.2

1.4

153,079

16.3

3,146

2,357

30 June 2026 Pillar 3 Report |

UBS Group | Credit risk 25

CR6: IRB – Credit risk exposures by portfolio and PD range (continued)

USD m, except where indicated

Original on-

balance sheet

gross exposure

Off-balance

sheet

exposures pre-

CCF

Total

exposures

pre-CCF

Average CCF

in %

EAD post-CCF

and post-CRM

Average PD

in %

Number of

obligors (in

thousands)

Average LGD

in %

1

Average

maturity

in years

1

RWA

RWA density

in %

EL

Provisions

2

Banks – F-IRB as of 30.6.26

0.00 to <0.15

9,740

1,181

10,921

39.3

11,428

0.1

0.2

45.0

1.2

2,752

24.1

4

0.15 to <0.25

537

696

1,233

52.8

1,168

0.2

0.2

45.0

1.7

549

47.0

1

0.25 to <0.50

474

585

1,059

31.9

633

0.4

<0.1

45.0

1.2

376

59.5

1

0.50 to <0.75

139

166

305

34.9

220

0.6

<0.1

45.0

1.1

165

74.8

1

0.75 to <2.50

391

297

688

50.2

544

1.3

<0.1

45.5

1.1

544

99.9

3

2.50 to <10.00

802

278

1,080

34.9

814

3.2

<0.1

45.0

1.0

1,110

136.4

12

10.00 to <100.00

75

47

122

39.1

20

15.6

<0.1

45.0

1.8

48

236.7

1

100.00 (default)

3

5

21

26

50.0

16

100.0

<0.1

16

100.0

0

Subtotal

12,164

3,271

15,435

41.3

14,842

0.5

0.7

45.0

1.3

5,560

37.5

23

3

Banks – F-IRB as of 31.12.25

0.00 to <0.15

7,077

1,199

8,276

40.1

8,932

0.1

0.2

45.0

1.3

2,166

24.2

3

0.15 to <0.25

671

601

1,272

60.5

1,297

0.2

0.2

44.9

1.7

579

44.7

1

0.25 to <0.50

399

504

902

32.3

546

0.4

<0.1

45.0

1.1

308

56.4

1

0.50 to <0.75

68

208

276

32.7

154

0.6

<0.1

45.0

1.1

115

75.0

0

0.75 to <2.50

399

367

766

46.4

580

1.3

<0.1

45.1

1.1

586

101.0

3

2.50 to <10.00

1,322

332

1,654

36.1

1,328

5.6

0.1

44.9

1.0

2,154

162.2

33

10.00 to <100.00

97

28

125

20.1

35

17.1

<0.1

38.1

1.5

74

209.6

2

100.00 (default)

3

Subtotal

10,032

3,239

13,271

42.3

12,873

0.8

0.8

45.0

1.3

5,983

46.5

45

24

Public sector entities, multilateral development banks – F-IRB

as of 30.6.26

0.00 to <0.15

1,682

1,869

3,551

22.4

2,418

0.1

0.3

43.7

2.1

551

22.8

1

0.15 to <0.25

793

550

1,343

14.8

851

0.2

0.2

39.4

3.0

350

41.2

1

0.25 to <0.50

1,671

696

2,367

12.2

1,730

0.4

0.4

31.3

2.3

674

39.0

2

0.50 to <0.75

106

32

138

34.2

117

0.6

<0.1

31.0

3.2

69

58.9

0

0.75 to <2.50

90

0

90

10.0

3

1.7

<0.1

38.7

3.7

3

113.7

0

2.50 to <10.00

332

23

356

37.8

15

2.8

<0.1

22.4

4.1

11

73.9

0

10.00 to <100.00

0

52

52

22.8

12

10.8

<0.1

45.0

1.0

21

181.8

1

100.00 (default)

3

6

0

6

0.0

6

100.0

<0.1

6

100.0

0

Subtotal

4,681

3,221

7,902

19.1

5,151

0.3

0.9

38.4

2.3

1,686

32.7

4

7

Public sector entities, multilateral development banks – F-IRB

as of 31.12.25

0.00 to <0.15

2,041

1,579

3,619

24.7

2,799

0.1

0.3

46.7

2.1

622

22.2

1

0.15 to <0.25

602

634

1,236

11.0

648

0.2

0.2

36.7

2.8

234

36.1

0

0.25 to <0.50

1,198

536

1,733

17.4

1,274

0.3

0.3

31.2

2.2

484

38.0

1

0.50 to <0.75

89

59

148

41.9

118

0.6

<0.1

27.3

3.9

75

64.0

0

0.75 to <2.50

105

1

106

10.0

3

1.5

<0.1

39.2

2.9

3

101.1

0

2.50 to <10.00

357

38

396

37.7

5

4.0

<0.1

45.0

2.0

7

132.9

0

10.00 to <100.00

100.00 (default)

3

8

0

8

0.0

22

100.0

<0.1

22

100.0

0

Subtotal

4,400

2,847

7,247

20.8

4,869

0.6

0.8

40.6

2.3

1,448

29.7

3

3

30 June 2026 Pillar 3 Report |

UBS Group | Credit risk 26

CR6: IRB – Credit risk exposures by portfolio and PD range (continued)

USD m, except where indicated

Original on-

balance sheet

gross exposure

Off-balance

sheet

exposures pre-

CCF

Total

exposures

pre-CCF

Average CCF

in %

EAD post-CCF

and post-CRM

Average PD

in %

Number of

obligors (in

thousands)

Average LGD

in %

1

Average

maturity

in years

1

RWA

RWA density

in %

EL

Provisions

2

Corporates: other lending – F-IRB as of 30.6.26

0.00 to <0.15

16,332

28,511

44,843

36.8

27,406

0.1

1.6

37.5

2.9

6,796

24.8

7

0.15 to <0.25

9,340

15,550

24,890

36.0

14,958

0.2

0.8

40.7

2.0

5,729

38.3

10

0.25 to <0.50

5,459

6,904

12,362

34.3

7,780

0.4

0.6

41.1

2.5

4,701

60.4

11

0.50 to <0.75

3,325

4,748

8,072

39.0

4,726

0.6

0.3

38.5

2.3

3,126

66.1

11

0.75 to <2.50

3,516

4,921

8,437

39.3

5,127

1.2

0.4

36.2

2.1

3,906

76.2

22

2.50 to <10.00

3,187

14,195

17,382

40.9

6,253

4.7

0.5

39.5

3.0

8,369

133.8

116

10.00 to <100.00

432

1,179

1,611

45.9

661

15.9

<0.1

37.8

2.1

1,203

181.9

39

100.00 (default)

3

228

214

442

50.9

251

100.0

<0.1

251

100.0

86

Subtotal

41,818

76,222

118,040

37.7

67,162

1.2

4.3

38.7

2.5

34,079

50.7

304

367

Corporates: other lending – F-IRB as of 31.12.25

0.00 to <0.15

16,823

28,801

45,624

32.9

26,785

0.1

2.0

37.7

3.0

6,641

24.8

7

0.15 to <0.25

7,292

17,963

25,255

34.7

13,456

0.2

0.8

40.1

2.3

5,202

38.7

9

0.25 to <0.50

5,755

7,226

12,981

31.4

7,968

0.4

0.6

41.4

2.4

4,580

57.5

12

0.50 to <0.75

2,950

3,791

6,740

31.0

4,122

0.6

0.3

33.4

2.2

2,332

56.6

9

0.75 to <2.50

2,986

6,690

9,676

40.0

5,103

1.2

0.4

38.5

2.3

4,141

81.1

24

2.50 to <10.00

1,934

15,498

17,432

40.8

6,532

4.4

0.5

40.5

2.5

8,328

127.5

114

10.00 to <100.00

497

1,235

1,733

44.4

776

15.1

<0.1

38.3

2.3

1,434

184.7

45

100.00 (default)

3

605

243

848

49.2

624

100.0

<0.1

624

100.0

165

Subtotal

38,843

81,447

120,289

35.4

65,367

1.8

4.8

38.3

2.6

33,283

50.9

385

411

Total – F-IRB 30.6.26

58,664

82,713

141,377

37.1

87,155

1.0

5.9

39.7

2.3

41,325

47.4

332

377

Total – F-IRB 31.12.25

53,274

87,533

140,807

35.2

83,110

1.6

6.5

39.5

2.4

40,713

49.0

432

438

Total (all asset classes under A-IRB and F-IRB) 30.6.26

959,246

629,826

1,589,071

17.7

1,067,613

0.8

2,637.0

25.4

1.5

197,805

18.5

3,315

2,795

Total (all asset classes under A-IRB and F-IRB) 31.12.25

919,583

627,829

1,547,411

16.5

1,022,224

0.9

2,585.4

25.5

1.5

193,792

19.0

3,578

2,795

1 Defaulted exposures disclosed in the table are excluded from average loss given default and average maturity information as not relevant for risk weighting. Furthermore, Retail asset classes are excluded from the average maturity, as maturity is not relevant for risk weighting. 2 In line with BCBS Pillar 3 disclosure

requirements, provisions are only provided for the subtotals by asset class. Provisions reflect IFRS Accounting Standards expected credit losses accounting provisions for credit losses on IRB exposures. 3 Includes defaulted purchased credit-impaired assets.



30 June 2026 Pillar 3 Report |

UBS Group | Credit risk 27

Credit derivatives used as CRM techniques

Semi-annual |

Where credit derivatives are used as CRM techniques, the PD of the obligor is in general replaced with the PD of

the hedge provider. The impact of credit derivatives used as CRM techniques on IRB credit risk has been immaterial for past

reporting periods and continued to be immaterial for this reporting period. Therefore, we do not disclose the “CR7: IRB –

Effect on RWA of credit derivatives used as CRM techniques” table, as permitted by the general principles of disclosure of

the FINMA Ordinance on the Disclosure Obligations of Banks and Securities Firms.



›

Refer to the “CCR6: Credit derivatives exposures” table in the “Counterparty credit risk” section of this report for notional and fair

value information about credit derivatives used as CRM techniques

RWA flow statements of credit risk exposures under the internal ratings-based approach

Quarterly |

The CR8 table below provides a breakdown of the credit risk RWA movements in the second quarter of 2026 across

movement categories defined by the Basel Committee on Banking Supervision.

Credit risk RWA under the IRB approach increased by USD 2.1bn to USD 199.2bn during the second quarter of 2026.

This balance reflects credit risk under the IRB approach, including the supervisory slotting approach.

Movements in asset size decreased RWA by USD 0.2bn.

Movements in asset quality increased RWA by USD 3.2bn, mainly due to changes in the portfolio mix, including those

from decreases in cash and balances at central banks.

Model updates decreased RWA by USD 0.6bn, reflecting a decrease in the overlay for uncertainties associated with the

alignment of models and RWA calculations in legacy Credit Suisse platforms with those of UBS, following the completion

of the Swiss client account and platform migrations, in Personal & Corporate Banking and Global Wealth Management.

This was partly offset by increases in RWA from model updates on mortgage loans in Personal & Corporate Banking.

Methodology and policy changes resulted in an RWA increase of USD 1.0bn, mainly due to the application of the IRB

approach on recourse-based lending in Global Wealth Management.

Currency effects, driven by the strengthening of the US dollar against other major currencies, resulted in a USD 1.4bn

decrease of in RWA.

›

Refer to “Definitions of credit risk and counterparty credit risk RWA movement table components for CR8 and CCR7” in the

“Credit risk” section of the 31 December 2025 Pillar 3 Report, available under “Pillar 3 disclosures” at

ubs.com/investors

, for

definitions of credit risk RWA movement table components

CR8: RWA flow statements of credit risk exposures under IRB

USD m

For the quarter

ended 30.6.26

For the quarter

ended 31.3.26

1

RWA as of the beginning of the quarter

197,153

195,209

2

Asset size

(154)

11,033

3

Asset quality

3,157

(9,706)

4

Model updates

(584)

2,513

5

Methodology and policy

1,045

(543)

6

Acquisitions and disposals

0

7

Foreign exchange movements

(1,373)

(1,353)

8

Other

9

RWA as of the end of the quarter

199,244

197,153



30 June 2026 Pillar 3 Report |

UBS Group | Credit risk 28

Specialized lending

Semi-annual |

The table below provides information about specialized lending exposures, subject to the supervisory slotting

approach.

CR10: IRB – specialized lending under the slotting approach

USD m, except where indicated

On-balance sheet

amount

Off-balance sheet

amount

Risk weight

in %

Exposure amount

1

RWA

EL

30.6.26

Other than high-volatility commercial real estate

Regulatory categories and remaining maturity

Strong

Less than 2.5 years

123

50

123

61

Equal to or more than 2.5 years

586

73

70

616

431

2

Good

Less than 2.5 years

775

264

70

882

617

4

Equal to or more than 2.5 years

363

6

90

366

329

3

Satisfactory

115

Weak

250

Default

Total

1,847

343

1,986

1,439

9

31.12.25

Other than high-volatility commercial real estate

Regulatory categories and remaining maturity

Strong

Less than 2.5 years

212

40

50

229

114

Equal to or more than 2.5 years

597

79

70

629

440

3

Good

Less than 2.5 years

972

285

70

1,088

762

4

Equal to or more than 2.5 years

110

6

90

113

101

1

Satisfactory

115

Weak

250

Default

Total

1,892

410

2,058

1,417

8

1 Exposure amounts in connection with income-producing real estate.



30 June 2026 Pillar 3 Report |

UBS Group | Counterparty credit risk 29

Counterparty credit risk

Introduction

Semi-annual I

This section provides information about the exposures subject to the final Basel III counterparty credit risk (CCR)

framework. CCR arises from over-the-counter derivatives and exchange-traded derivatives, securities financing

transactions (SFTs), and long settlement transactions. We determine the regulatory credit exposure on the majority of

derivatives by applying the internal model method (the IMM). For the remainder we apply the standardized approach for

counterparty credit risk (SA-CCR). For the majority of SFTs we determine the regulatory credit exposure using the value-

at-risk (VaR) approach. For the remainder we apply the comprehensive approach for credit risk mitigation (CRM).



Counterparty credit risk exposure

Semi-annual I

The CCR1 table below presents the methods used to calculate CCR exposure. Compared with 31 December

2025, derivative exposures subject to SA-CCR increased by USD 4.7bn, mainly in Global Wealth Management, due to

market-driven movements and higher levels of client activity. Derivative exposures subject to IMM increased by

USD 1.4bn, mainly in Personal & Corporate Banking and the Investment Bank. SFT exposures subject to the

comprehensive approach for credit risk mitigation and the VaR approach increased by USD 1.6bn and USD 1.5bn,

respectively, mainly in the Investment Bank.

CCR1: Analysis of counterparty credit risk (CCR) exposure by approach

USD m, except where indicated

Replacement

cost

Potential future

exposure

Effective

EPE

Alpha used for

computing

regulatory EAD

EAD

post-CRM

RWA

30.6.26

1

SA-CCR (for derivatives)

10,855

10,160

1.4

29,420

7,417

2

Internal model method (for derivatives)

32,238

1.6

1

51,581

14,038

3

Simple approach for credit risk mitigation (for SFTs)

4

Comprehensive approach for credit risk mitigation (for SFTs)

8,743

2,990

5

VaR (for SFTs)

42,347

7,833

6

Total

132,092

32,277

31.12.25

1

SA-CCR (for derivatives)

7,632

10,024

1.4

24,718

6,167

2

Internal model method (for derivatives)

31,356

1.6

1

50,169

14,178

3

Simple approach for credit risk mitigation (for SFTs)

4

Comprehensive approach for credit risk mitigation (for SFTs)

7,124

3,265

5

VaR (for SFTs)

40,857

6,623

6

Total

122,869

30,232

1 A conservative treatment for the purpose of calculating exposure profiles is applied to material trades with wrong-way risk features, along with an alpha factor of 1.0.



CCR exposure subject to the standardized approach

Semi-annual |

The “CCR3: Standardized approach – CCR exposures by regulatory portfolio and risk weights” table is disclosed

as of 30 June 2026. Comparative information for prior periods has not been disclosed, due to low materiality.

›

Refer to the “CCR4: IRB – CCR exposures by portfolio and PD scale” and the “CCR8: Exposures to central counterparties” tables in

this section for more information about CCR exposures subject to internal ratings-based (IRB) risk weights and central

counterparties (CCPs), respectively

30 June 2026 Pillar 3 Report | UBS Group | Counterparty credit risk

30

CCR3: Standardized approach – CCR exposures by regulatory portfolio and risk weights

USD m

Risk weight %

0%

10%

15%

20%

25%

30%

35%

40%

45%

50%

75%

80%

85%

90%

100%

130%

150%

Total credit

exposure

30.6.26

Asset classes

1

Central governments, central banks and supranational organizations

2

4

6

2

Public sector entities

119

118

18

255

3

Multilateral development banks

2

2

4

Banks

510

339

0

120

3

25

213

1,211

4a

of which: Swiss account-holding securities firms and other non-bank

financial institutions subject to equivalent prudential standards and

supervision

5

Corporates

29

6

36

3,641

13

3,724

5a

of which: Swiss non-account-holding securities firms and other financial

institutions not subject to equivalent prudential standards and supervision

13

13

6

Retail

1,096

1,096

7

Other assets

8

Total

4

658

339

0

245

39

4,784

226

6,295



30 June 2026 Pillar 3 Report |

UBS Group | Counterparty credit risk 31

CCR exposure subject to the IRB approach

Semi-annual |

The CCR4 table below provides a breakdown of the key parameters used for the calculation of capital

requirements under the IRB approach across asset classes defined by the Swiss Financial Market Supervisory Authority

(FINMA). Exposures in the following narrative represent exposure at default (EAD) after the application of credit risk

mitigation.

Compared with 31 December 2025, EAD increased by USD 10.8bn to USD 125.8bn, and risk-weighted assets (RWA)

increased by USD 1.6bn to USD 26.7bn.

–

Exposures to Central governments, central banks and supranational organizations subject to the advanced IRB (A-IRB)

approach increased by USD 3.0bn to USD 8.3bn, mainly because of increased activity in SFTs in Group Treasury. RWA

decreased by USD 0.1bn to USD 0.2bn.

–

Other retail exposures subject to the A-IRB approach increased by USD 3.3bn to USD 21.4bn, and RWA increased by

USD 0.8bn to USD 2.9bn, primarily due to market-driven movements and higher levels of client activity in Global

Wealth Management.

–

Exposures to Banks subject to the foundation IRB (F-IRB) approach decreased by USD 0.4bn to USD 27.0bn, and RWA

increased by USD 0.8bn to USD 6.7bn, mainly driven by changes in the portfolio mix for SFTs in Group Treasury and

the Investment Bank.

–

Exposures to Corporates subject to the F-IRB approach increased by USD 5.4bn to USD 62.2bn, and RWA increased by

USD 0.3bn to USD 14.6bn, mainly due to increases in SFTs in the Investment Bank and derivative exposures in Personal

& Corporate Banking and the Investment Bank, including changes in the portfolio mix.

›

Refer to the “CCR7: RWA flow statements of CCR exposures under the internal model method (IMM) and value-at-risk (VaR)” table

in this section for more information about RWA, including details of movements in CCR RWA

30 June 2026 Pillar 3 Report |

UBS Group | Counterparty credit risk 32

CCR4: IRB – CCR exposures by portfolio and PD scale

USD m, except where indicated

EAD post-CRM

Average PD

in %

Number of obligors

(in thousands)

Average LGD

in %

1

Average maturity

in years

1

RWA

RWA density

in %

Central governments, central banks and supranational organizations

– A-IRB as of 30.6.26

0.00 to <0.15

8,206

0.0

<0.1

35.5

0.1

123

1.5

0.15 to <0.25

52

0.2

<0.1

46.8

0.4

11

22.1

0.25 to <0.50

31

0.3

<0.1

78.7

0.4

20

63.9

0.50 to <0.75

0.75 to <2.50

2.50 to <10.00

10.00 to <100.00

100.00 (default)

Subtotal

8,289

0.0

<0.1

35.7

0.1

155

1.9

Central governments, central banks and supranational organizations

– A-IRB as of 31.12.25

0.00 to <0.15

5,232

0.0

0.1

38.1

0.2

255

4.9

0.15 to <0.25

9

0.2

0.1

50.8

1.0

3

33.3

0.25 to <0.50

29

0.3

0.1

77.2

0.7

20

69.0

0.50 to <0.75

0.75 to <2.50

2.50 to <10.00

10.00 to <100.00

100.00 (default)

Subtotal

5,270

0.0

0.1

38.4

0.2

277

5.3

Corporates – A-IRB as of 30.6.26

2

0.00 to <0.15

726

0.1

0.2

18.8

1.6

129

17.7

0.15 to <0.25

630

0.2

0.2

19.7

1.4

160

25.4

0.25 to <0.50

779

0.4

0.3

21.8

1.2

245

31.4

0.50 to <0.75

280

0.6

0.2

41.7

1.0

152

54.2

0.75 to <2.50

820

1.4

0.5

28.1

1.4

500

61.0

2.50 to <10.00

1,539

4.2

0.4

11.2

1.3

790

51.3

10.00 to <100.00

27

13.1

<0.1

12.1

4.3

16

59.7

100.00 (default)

6

100.0

<0.1

6

100.0

Subtotal

4,807

1.9

1.8

19.8

1.3

1,997

41.5

Corporates – A-IRB as of 31.12.25

2

0.00 to <0.15

513

0.1

0.2

24.9

1.5

97

18.9

0.15 to <0.25

692

0.2

0.2

22.5

1.3

111

16.0

0.25 to <0.50

804

0.4

0.2

30.7

1.6

341

42.4

0.50 to <0.75

258

0.6

0.2

30.2

1.0

118

45.7

0.75 to <2.50

894

1.2

0.5

27.8

1.0

522

58.4

2.50 to <10.00

2,124

4.0

0.3

11.1

1.5

1,067

50.2

10.00 to <100.00

1

12.9

<0.1

50.1

1.0

2

200.0

100.00 (default)

4

100.0

<0.1

4

100.0

Subtotal

5,289

2.0

1.6

20.7

1.4

2,263

42.8

Retail: other retail – A-IRB as of 30.6.26

0.00 to <0.15

14,244

0.1

16.8

29.3

768

5.4

0.15 to <0.25

2,041

0.2

0.8

31.6

302

14.8

0.25 to <0.50

3,448

0.3

0.5

30.6

928

26.9

0.50 to <0.75

457

0.6

0.3

26.6

132

28.8

0.75 to <2.50

627

1.3

1.2

42.1

354

56.4

2.50 to <10.00

296

3.8

0.3

39.0

168

56.9

10.00 to <100.00

236

15.0

<0.1

42.7

210

88.9

100.00 (default)

5

100.0

<0.1

5

100.0

Subtotal

21,354

0.4

20.0

30.3

2,867

13.4

Retail: other retail – A-IRB as of 31.12.25

0.00 to <0.15

14,234

0.1

15.5

32.5

834

5.9

0.15 to <0.25

843

0.2

0.7

30.5

102

12.1

0.25 to <0.50

1,113

0.4

0.9

31.2

243

21.8

0.50 to <0.75

511

0.6

0.7

26.9

114

22.3

0.75 to <2.50

645

1.3

0.8

36.4

292

45.3

2.50 to <10.00

572

4.1

0.3

30.8

257

44.9

10.00 to <100.00

145

18.0

0.1

68.5

225

155.2

100.00 (default)

2

100.0

0.1

2

100.0

Subtotal

18,064

0.4

18.9

32.6

2,070

11.5

Total – A-IRB 30.6.26

34,450

0.5

21.9

30.2

0.6

5,018

14.6

Total – A-IRB 31.12.25

28,622

0.6

20.6

31.4

0.8

4,610

16.1

30 June 2026 Pillar 3 Report |

UBS Group | Counterparty credit risk 33

CCR4: IRB – CCR exposures by portfolio and PD scale (continued)

USD m, except where indicated

EAD post-CRM

Average PD

in %

Number of obligors

(in thousands)

Average LGD

in %

1

Average maturity

in years

1

RWA

RWA density

in %

Banks – F-IRB as of 30.6.26

0.00 to <0.15

20,697

0.1

0.3

45.0

0.8

3,701

17.9

0.15 to <0.25

3,672

0.2

0.2

45.0

0.9

1,196

32.6

0.25 to <0.50

1,260

0.4

0.1

45.0

0.7

643

51.0

0.50 to <0.75

612

0.6

<0.1

45.0

0.5

417

68.1

0.75 to <2.50

743

1.3

<0.1

45.0

0.6

701

94.3

2.50 to <10.00

49

3.0

<0.1

45.0

0.8

62

126.4

10.00 to <100.00

100.00 (default)

Subtotal

27,034

0.2

0.7

45.0

0.8

6,720

24.9

Banks – F-IRB as of 31.12.25

0.00 to <0.15

21,824

0.1

0.3

45.0

0.6

3,468

15.9

0.15 to <0.25

3,269

0.2

0.2

45.0

0.8

1,060

32.4

0.25 to <0.50

1,436

0.4

0.1

45.0

0.8

643

44.8

0.50 to <0.75

437

0.6

0.1

45.0

0.8

287

65.7

0.75 to <2.50

402

1.5

0.1

45.0

0.7

354

88.1

2.50 to <10.00

57

2.9

0.1

45.0

0.9

61

107.0

10.00 to <100.00

100.00 (default)

Subtotal

27,425

0.1

0.7

45.0

0.6

5,874

21.4

Public sector entities, multilateral development banks – F-IRB

as of 30.6.26

0.00 to <0.15

1,958

0.1

<0.1

45.0

0.9

260

13.3

0.15 to <0.25

103

0.2

<0.1

42.3

0.9

26

25.6

0.25 to <0.50

35

0.4

<0.1

45.0

1.0

18

52.4

0.50 to <0.75

45

0.6

<0.1

45.0

1.0

34

76.4

0.75 to <2.50

2.50 to <10.00

10.00 to <100.00

100.00 (default)

2

100.0

<0.1

2

100.0

Subtotal

2,143

0.2

0.2

44.9

0.9

340

15.9

Public sector entities, multilateral development banks – F-IRB

as of 31.12.25

0.00 to <0.15

1,979

0.1

0.1

45.0

0.5

236

11.9

0.15 to <0.25

139

0.2

0.1

43.6

1.0

39

28.1

0.25 to <0.50

37

0.4

0.1

45.0

1.0

18

48.6

0.50 to <0.75

43

0.6

0.1

45.0

1.0

25

58.1

0.75 to <2.50

0

1.0

0.1

1.0

2.50 to <10.00

10.00 to <100.00

100.00 (default)

3

100.0

0.1

3

100.0

Subtotal

2,201

0.2

0.2

44.9

0.6

322

14.6

Corporates – F-IRB as of 30.6.26

2

0.00 to <0.15

43,326

0.1

9.9

44.7

0.6

5,221

12.1

0.15 to <0.25

8,389

0.2

3.8

44.8

0.5

2,396

28.6

0.25 to <0.50

3,862

0.4

0.6

44.8

0.6

1,835

47.5

0.50 to <0.75

3,130

0.6

0.4

44.8

0.7

2,128

68.0

0.75 to <2.50

3,167

1.1

0.6

44.7

0.6

2,714

85.7

2.50 to <10.00

296

3.6

0.2

43.3

0.8

352

118.9

10.00 to <100.00

100.00 (default)

Subtotal

62,170

0.2

15.5

44.8

0.6

14,646

23.6

Corporates – F-IRB as of 31.12.25

2

0.00 to <0.15

38,384

0.1

9.9

44.7

0.7

5,342

13.9

0.15 to <0.25

8,491

0.2

3.6

44.8

0.6

2,639

31.1

0.25 to <0.50

4,376

0.4

0.6

44.5

0.5

1,937

44.3

0.50 to <0.75

2,353

0.6

0.5

44.6

0.5

1,484

63.1

0.75 to <2.50

2,810

1.2

0.5

44.6

0.9

2,527

89.9

2.50 to <10.00

318

3.1

0.2

43.8

0.9

376

118.2

10.00 to <100.00

3

13.0

0.1

40.1

1.0

5

166.7

100.00 (default)

Subtotal

56,733

0.2

15.3

44.7

0.7

14,310

25.2

Total – F-IRB 30.6.26

91,347

0.2

16.4

44.8

0.7

21,707

23.8

Total – F-IRB 31.12.25

86,360

0.2

16.2

44.8

0.6

20,505

23.7

Total (all asset classes under A-IRB and F-IRB) 30.6.26

125,797

0.3

38.4

40.8

0.7

26,725

21.2

Total (all asset classes under A-IRB and F-IRB) 31.12.25

114,982

0.3

36.9

41.5

0.7

25,115

21.8

1 Defaulted exposures disclosed in the table are excluded from average loss given default and average maturity information as not relevant for risk weighting. Furthermore, Retail asset classes are excluded from the

average maturity, as they are not subject to maturity treatment. 2 Includes exposures to managed funds.



30 June 2026 Pillar 3 Report |

UBS Group | Counterparty credit risk 34

Composition of collateral for CCR exposure

Semi-annual |

The CCR5 table below presents a breakdown of collateral posted or received relating to CCR exposures from

derivative transactions and SFTs.

Compared with 31 December 2025, the fair value of collateral received for SFTs increased by USD 134.8bn to

USD 1,018.2bn, and the fair value of posted collateral for SFTs increased by USD 98.4bn to USD 741.8bn. The fair value

of collateral received for derivatives increased by USD 13.4bn to USD 123.9bn, and the fair value of posted collateral for

derivatives increased by USD 12.3bn to USD 96.7bn. These increases were primarily in the Investment Bank, mainly as a

result of higher client activity levels, as well as market-driven movements.

CCR5: Composition of collateral for CCR exposure

1

Collateral used in derivative transactions

Collateral used in SFTs

Fair value of collateral received

2

Fair value of posted collateral

Fair value of

collateral received

Fair value of

posted collateral

USD m

Segregated

Unsegregated

Total

Segregated

Unsegregated

Total

30.6.26

Cash – domestic currency

1,710

40,215

41,925

6,864

27,739

34,603

51,825

80,011

Cash – other currencies

34

20,146

20,179

6,056

13,695

19,751

18,545

64,442

Sovereign debt

16,255

14,655

30,910

1,845

18,666

20,511

317,118

211,063

Other debt securities

6,841

4,043

10,884

126

3,754

3,880

92,440

63,629

Equity securities

11,498

6,649

18,147

2,255

15,500

17,755

481,937

300,170

Other collateral

3

1,624

246

1,870

182

35

218

56,291

22,437

Total

37,962

85,953

123,915

17,329

79,390

96,719

1,018,157

741,752

31.12.25

Cash – domestic currency

2,195

36,248

38,443

4,981

18,977

23,957

38,864

75,871

Cash – other currencies

21

17,858

17,879

4,560

14,195

18,755

17,719

61,513

Sovereign debt

12,637

13,315

25,952

2,742

18,703

21,445

292,959

181,668

Other debt securities

3,877

3,204

7,081

6

2,508

2,513

84,123

57,624

Equity securities

12,724

4,597

17,322

3,422

14,271

17,693

405,745

249,930

Other collateral

3

1,064

2,784

3,848

0

83

83

43,908

16,785

Total

32,519

78,005

110,524

15,710

68,736

84,446

883,318

643,391

1 This table includes collateral received and posted with and without the right of rehypothecation but excludes securities placed with central banks related to undrawn credit lines and for payment, clearing and

settlement purposes for which there were no associated liabilities or contingent liabilities. 2 Includes collateral received from retail clients supporting Lombard lending and other retail products, where such collateral

is recognized under the full standardized approach for derivatives. 3 Includes fund investments, asset-backed securities and mortgage-backed securities.



Credit derivatives exposures

Semi-annual |

The CCR6 table below presents an overview of credit risk protection bought or sold through credit derivatives.

Compared with 31 December 2025, notionals for credit derivatives for protection bought increased by USD 19.4bn to

USD 122.2bn, primarily driven by portfolio optimization for credit hedging activities in index credit default swaps in Group

Treasury and by higher volumes in single-name credit default swaps, as well as credit options in the Investment Bank.

Notionals for derivatives for protection sold decreased by USD 3.0bn to USD 76.8bn, primarily driven by index credit

default swaps due to lower trade volumes in the Investment Bank.

CCR6: Credit derivatives exposures

30.6.26

31.12.25

USD m

Protection

bought

Protection

sold

Protection

bought

Protection

sold

Notionals

1

Single-name credit default swaps

35,031

45,155

30,275

41,562

Index credit default swaps

73,487

30,482

64,289

37,548

Total return swaps

1,803

200

438

231

Credit options

11,868

992

7,748

518

Total notionals

122,188

76,829

102,750

79,859

Fair values

Derivative financial assets

2,908

1,442

2,135

1,777

Derivative financial liabilities

4,929

465

3,952

413

1 Includes notional amounts for client-cleared transactions.



30 June 2026 Pillar 3 Report |

UBS Group | Counterparty credit risk 35

CCR RWA development in the second quarter of 2026

Quarterly |

The CCR7 table below presents a flow statement explaining movements in CCR RWA determined under the IMM

for derivatives and the VaR approach for SFTs across movement categories defined by FINMA and the Basel Committee

on Banking Supervision.

During the second quarter of 2026, the decrease in RWA for derivatives subjected to IMM was primarily driven by market-

driven movements and changes in the portfolio mix, mainly in the Investment Bank. The increase in RWA for SFTs under

the VaR approach was mainly related to changes in the portfolio mix, primarily in the Investment Bank.

›

Refer to “Definitions of credit risk and counterparty credit risk RWA movement table components for CR8 and CCR7” in the

“Credit risk” section of the 31 December 2025 Pillar 3 Report, available under “Pillar 3 disclosures” at

ubs.com/investors

, for

definitions of CCR RWA movement table components

CCR7: RWA flow statements of CCR exposures under the internal model method (IMM) and value-at-risk (VaR)

For the quarter ended 30.6.26

For the quarter ended 31.3.26

USD m

Derivatives

SFTs

Total

Derivatives

SFTs

Total

Subject to IMM

Subject to VaR

Subject to IMM

Subject to VaR

1

RWA as of the beginning of the quarter

16,152

7,420

23,572

14,623

6,798

21,421

2

Asset size

(686)

(221)

(907)

879

425

1,304

3

Credit quality of counterparties

(892)

843

(50)

758

235

994

4

Model updates

(40)

(40)

(56)

(56)

5

Methodology and policy

6

Acquisitions and disposals

7

Foreign exchange movements

(68)

(33)

(102)

(52)

(38)

(91)

8

Other

9

RWA as of the end of the quarter

14,465

8,008

22,473

16,152

7,420

23,572



Exposures to CCPs

Semi-annual |

The CCR8 table below presents a breakdown of exposures to CCPs and related RWA. Compared with

31 December 2025, exposures to qualifying CCPs increased by USD 0.2bn to USD 36.4bn.

CCR8: Exposures to central counterparties

30.6.26

31.12.25

USD m

EAD (post-CRM)

RWA

EAD (post-CRM)

RWA

1

Exposures to QCCPs (total)

1

36,380

1,908

36,146

2,145

2

Exposures for trades at QCCPs (excluding initial margin and default fund contributions); of which

30,896

564

30,759

592

3

(i) OTC derivatives

3,964

79

3,651

73

4

(ii) Exchange-traded derivatives

19,599

386

20,604

409

5

(iii) Securities financing transactions

7,332

99

6,503

110

6

(iv) Netting sets where cross-product netting has been approved

7

Segregated initial margin

8

Non-segregated initial margin

2

2,804

49

2,355

43

9

Pre-funded default fund contributions

2,679

1,294

3,033

1,510

10

Unfunded default fund contributions

11

Exposures to non-QCCPs (total)

528

821

521

661

12

Exposures for trades at non-QCCPs (excluding initial margin and default fund contributions); of which

430

430

466

466

13

(i) OTC derivatives

14

(ii) Exchange-traded derivatives

353

353

401

401

15

(iii) Securities financing transactions

77

77

65

65

16

(iv) Netting sets where cross-product netting has been approved

17

Segregated initial margin

18

Non-segregated initial margin

2

19

19

21

21

19

Pre-funded default fund contributions

66

196

28

101

20

Unfunded default fund contributions

3

14

177

6

73

1 Qualifying central counterparties (QCCPs) are entities that are licensed by regulators to operate as CCPs and meet the requirements outlined in the FINMA Ordinance on the Credit Risk of Banks and Securities Firms

(the CreO-FINMA). 2 Exposures associated with initial margin, where the exposures are measured under the IMM or the VaR approach, have been included within the exposures for trades (refer to line 2 for QCCPs

and line 12 for non-QCCPs). The exposures for non-segregated initial margin (refer to line 8 for QCCPs and line 18 for non-QCCPs), i.e. not bankruptcy remote in accordance with the CreO-FINMA, reflect the

replacement costs under the standardized approach for CCR (SA-CCR) multiplied by an alpha factor of 1.4. The RWA reflect the exposure multiplied by the applied risk weight of derivatives. Under the SA-CCR,

collateral posted to a segregated, bankruptcy-remote account does not increase the value of replacement costs. 3 Excludes unfunded default fund contributions that are not subject to RWA calculations in line with

current regulatory guidance.



30 June 2026 Pillar 3 Report |

UBS Group | Credit valuation adjustment 36

Credit valuation adjustment

Introduction

The credit valuation adjustment (CVA) capital charge covers the risk of mark-to-market losses associated with the

deterioration of counterparty credit quality. We apply the standardized approach for calculating CVA capital requirements

(SA-CVA) on positions where we generally use the internal model method to derive the exposure at default for derivatives

and the full basic approach (BA-CVA) for all other positions.

›

Refer to “Overview of risk-weighted assets and capital requirements” in the “Overview of risk-weighted assets” section of this

report for the materiality of BA-CVA and SA-CVA risk-weighted assets (RWA) and capital requirements

Full basic approach for CVA

Semi-annual |

The CVA2 table below shows the components used for the computation of capital requirements under the full

BA-CVA for CVA risk. BA-CVA RWA increased by USD 0.2bn to USD 4.5bn in the first half of 2026, primarily reflecting

market-driven movements and higher levels of client activity in Global Wealth Management.

CVA2: The full basic approach for CVA (BA-CVA)

USD m

Capital

requirements

under BA-CVA

RWA

30.6.26

1

K

Reduced

442

5,522

2

K

Hedged

329

4,107

3

Total

1

357

4,461

31.12.25

1

K

Reduced

419

5,243

2

K

Hedged

316

3,950

3

Total

1

342

4,274

1 Total is calculated as the sum of 75% K

Hedged

plus 25% K

Reduced

.



Standardized approach for CVA

Semi-annual |

The CVA3 table below provides the components used for the computation of capital requirements under the

SA-CVA for CVA risk.

CVA3: The standardized approach for CVA (SA-CVA)

USD m, except where indicated

Capital

requirements

under SA-CVA

RWA

Number of

counterparties

30.6.26

1

Interest rate risk

32

397

2

Foreign exchange risk

27

340

3

Reference credit spread risk

1

17

4

Equity risk

15

186

5

Commodity risk

1

18

6

Counterparty credit spread risk

323

4,042

7

Total

400

5,001

12,698

31.12.25

1

Interest rate risk

49

612

2

Foreign exchange risk

32

402

3

Reference credit spread risk

4

45

4

Equity risk

12

153

5

Commodity risk

2

23

6

Counterparty credit spread risk

269

3,364

7

Total

368

4,600

12,526



SA-CVA RWA development in the second quarter of 2026

Quarterly |

The CVA4 table below shows the movements in RWA for CVA risk determined under the SA-CVA. SA-CVA RWA

decreased by USD 0.3bn to USD 5.0bn during the second quarter of 2026.

CVA4: RWA flow statements of CVA risk exposures under SA-CVA

USD m

Total RWA

1

RWA as of 31.12.25

4,600

2

RWA as of 31.3.26

5,294

3

RWA as of 30.6.26

5,001



30 June 2026 Pillar 3 Report |

UBS Group | Securitizations 37

Securitizations

Introduction

Semi-annual |

This section provides details of traditional and synthetic securitization exposures in the banking and trading

books based on the Basel

III securitization framework.

In a traditional securitization a pool of loans (or other debt instruments) is typically transferred to structured entities that

have been established to own the pool and to issue tranched securities to third-party investors referencing this pool of

loans. In a synthetic securitization legal ownership of securitized pools of assets is typically retained, but associated credit

risk is transferred to structured entities, typically through guarantees, credit derivatives or credit-linked notes. In both

traditional and synthetic securitizations risk is dependent on the seniority of the retained interest and the performance of

the underlying asset pool.

Regulatory capital treatment of securitization structures

For banking book securitizations, the regulatory capital requirements are calculated using the following hierarchy of

approaches: the securitization internal ratings-based approach, the securitization external ratings-based approach or the

securitization standardized approach. Otherwise, a 1,250% risk weight is applied as a fallback. External ratings used in

regulatory capital calculations for securitization risk exposures in the banking book are obtained from Fitch, Moody’s or

S&P.

For trading book securitizations, the regulatory capital requirements are calculated using the market risk framework.



Securitization exposures in the banking and trading books

Semi-annual |

The SEC1 table shows the balance sheet carrying values of securitization exposures in the banking book as of

30 June 2026 and 31 December 2025, respectively. For synthetic securitizations, the amounts disclosed reflect the net

exposure at default on retained positions. The securitization activity is further broken down by role (originator, sponsor

or investor) and by securitization type (traditional or synthetic). The SEC3 and SEC4 tables provide the regulatory capital

requirements associated with the banking book securitization exposures differentiated by our role in the securitization.

UBS is active in various roles in relation to securitization activity, including originator and investor, mainly via its Investment

Bank business division. Securitization exposures in the banking book are aimed at reducing or limiting risk and

commensurately releasing capital in accordance with the Basel rules by securitizing the underlying assets. Structures

originated by UBS typically provide protection against loss related to specific credit exposures (e.g. loans, loan

commitments or debt instruments) by creating synthetic securitization tranches on the underlying reference portfolio.

Such transactions usually consist of first loss protection provided by a third party and typically a senior tranche retained

by UBS. Structures may additionally entail a mezzanine tranche. First-loss and mezzanine tranches may be fully funded

or partially funded. Significant risk transfers through synthetic securitization are subject to separate specific risk limits

under the authority of the Board of Directors for the overall Group, with business division sub-limits under the authority

of the Group Chief Risk Officer. Synthetic securitization exposure originated by UBS in the banking book was USD 6.2bn

at the end of the second quarter of 2026, with the majority of the risk-weighted assets (RWA) impact reflected in the

Investment Bank.

Securitization exposures in the trading book resulted in USD 0.2bn RWA as of 30 June 2026. Due to the low materiality,

we discontinued the disclosure of the “SEC2: Securitization exposures in the trading book” table, starting with the

30 June 2025 Pillar 3 Report, as permitted by the general principles of disclosure of the Swiss Financial Market Supervisory

Authority (FINMA) Ordinance on the Disclosure Obligations of Banks and Securities Firms.

›

Refer to “Market risk under standardized approach” in the “Market risk” section of this report for more information about RWA

of trading book securitizations

Development of securitization exposures in the first half of 2026

Compared with 31 December 2025, securitization exposures in the banking book increased by USD 0.3bn to

USD 23.9bn.

30 June 2026 Pillar 3 Report |

UBS Group | Securitizations 38

SEC1: Securitization exposures in the banking book

Bank acts as originator

Bank acts as sponsor

Bank acts as investor

Total

USD m

Traditional

Synthetic

Subtotal

Traditional

Synthetic

Subtotal

Traditional

Synthetic

Subtotal

30.6.26

Asset classes

1

Retail (total)

4,208

4,208

4,208

2

of which: residential mortgage

4,208

4,208

4,208

3

of which: credit card receivables

4

of which: other retail exposures

1

5

Wholesale (total)

342

6,205

6,547

13,149

13,149

19,696

6

of which: loans to corporates or SME

342

5,091

5,434

8,817

8,817

14,250

7

of which: commercial mortgage

2,353

2,353

2,353

8

of which: lease and receivables

9

of which: other wholesale

1,113

1,113

1,979

1,979

3,092

10

Re-securitization

11

Total securitization / re-securitization

(including retail and wholesale)

342

6,205

6,547

17,357

17,357

23,904

31.12.25

Asset classes

1

Retail (total)

4,172

4,172

4,172

2

of which: residential mortgage

4,172

4,172

4,172

3

of which: credit card receivables

4

of which: other retail exposures

1

5

Wholesale (total)

537

6,380

6,917

12,547

12,547

19,464

6

of which: loans to corporates or SME

370

5,359

5,729

8,866

8,866

14,596

7

of which: commercial mortgage

2,298

2,298

2,298

8

of which: lease and receivables

167

167

167

9

of which: other wholesale

1,021

1,021

1,383

1,383

2,403

10

Re-securitization

11

Total securitization / re-securitization

(including retail and wholesale)

537

6,380

6,917

16,719

16,719

23,637

1 Includes unsecured consumer loans, solar leases and automobile loans.

30 June 2026 Pillar 3 Report |

UBS Group | Securitizations 39

SEC3: Securitization exposures in the banking book and associated regulatory capital requirements – bank acting as originator or as sponsor

USD m

Total

exposure

values

Exposure values (by RW bands)

Exposure values (by regulatory approach)

Total

RWA

RWA (by regulatory approach)

Total

capital

charge

after cap

Capital charge after cap

30.6.26

≤20% RW

>20% to

50% RW

>50% to

100%

RW

>100% to

<1,250%

RW

1,250%

RW

SEC-

IRBA

SEC-

ERBA

SEC-SA

1,250%

SEC-

IRBA

SEC-

ERBA

SEC-SA

1,250%

SEC-

IRBA

SEC-

ERBA

SEC-SA

1,250%

Asset classes

1

Total exposures

6,547

6,394

4

35

101

14

6,205

329

14

1,555

937

448

170

125

75

36

14

2

Traditional securitization

342

209

4

15

101

14

329

14

618

448

170

49

36

14

3

of which: securitization

342

209

4

15

101

14

329

14

618

448

170

49

36

14

4

of which: retail underlying

5

of which: wholesale

342

209

4

15

101

14

329

14

618

448

170

49

36

14

6

of which: re-securitization

7

of which: senior

8

of which: non-senior

9

Synthetic securitization

6,205

6,185

20

6,205

937

937

75

75

10

of which: securitization

6,205

6,185

20

6,205

937

937

75

75

11

of which: retail underlying

12

of which: wholesale

6,205

6,185

20

6,205

937

937

75

75

13

of which: re-securitization

14

of which: senior

15

of which: non-senior

31.12.25

Asset classes

1

Total exposures

6,901

6,505

258

18

104

17

6,531

353

17

1,784

1,106

470

209

143

88

38

17

2

Traditional securitization

521

230

152

18

104

17

151

353

17

752

73

470

209

60

6

38

17

3

of which: securitization

521

230

152

18

104

17

151

353

17

752

73

470

209

60

6

38

17

4

of which: retail underlying

5

of which: wholesale

521

230

152

18

104

17

151

353

17

752

73

470

209

60

6

38

17

6

of which: re-securitization

7

of which: senior

8

of which: non-senior

9

Synthetic securitization

6,380

6,274

106

6,380

1,033

1,033

83

83

10

of which: securitization

6,380

6,274

106

6,380

1,033

1,033

83

83

11

of which: retail underlying

12

of which: wholesale

6,380

6,274

106

6,380

1,033

1,033

83

83

13

of which: re-securitization

14

of which: senior

15

of which: non-senior

30 June 2026 Pillar 3 Report |

UBS Group | Securitizations 40

SEC4: Securitization exposures in the banking book and associated regulatory capital requirements – bank acting as investor

USD m

Total

exposure

values

Exposure values (by RW bands)

Exposure values (by regulatory approach)

Total

RWA

RWA (by regulatory approach)

Total capital

charge after

cap

Capital charge after cap

30.6.26

≤20% RW

>20% to

50% RW

>50% to

100%

RW

>100% to

<1,250%

RW

1,250%

RW

SEC-

IRBA

SEC-

ERBA

SEC-SA

1,250%

SEC-

IRBA

SEC-

ERBA

SEC-SA

1,250%

SEC-

IRBA

SEC-

ERBA

SEC-SA

1,250%

Asset classes

1

Total exposures

17,357

14,963

1,537

832

9

17

811

1,753

14,776

17

3,507

247

351

2,700

209

278

18

28

216

17

2

Traditional securitization

17,357

14,963

1,537

832

9

17

811

1,753

14,776

17

3,507

247

351

2,700

209

278

18

28

216

17

3

of which: securitization

17,357

14,963

1,537

832

9

17

811

1,753

14,776

17

3,507

247

351

2,700

209

278

18

28

216

17

4

of which: retail underlying

4,208

3,546

661

1

4,207

1

722

713

8

58

57

1

5

of which: wholesale

13,149

11,416

875

832

9

16

811

1,753

10,569

16

2,785

247

351

1,987

201

221

18

28

159

16

6

of which: re-securitization

7

of which: senior

8

of which: non-senior

9

Synthetic securitization

10

of which: securitization

11

of which: retail underlying

12

of which: wholesale

13

of which: re-securitization

14

of which: senior

15

of which: non-senior

31.12.25

Asset classes

1

Total exposures

16,719

15,344

1,064

278

22

12

797

1,827

14,084

12

3,045

224

366

2,308

147

241

16

29

185

12

2

Traditional securitization

16,719

15,344

1,064

278

22

12

797

1,827

14,084

12

3,045

224

366

2,308

147

241

16

29

185

12

3

of which: securitization

16,719

15,344

1,064

278

22

12

797

1,827

14,084

12

3,045

224

366

2,308

147

241

16

29

185

12

4

of which: retail underlying

4,172

3,360

811

4,172

697

697

56

56

5

of which: wholesale

12,547

11,984

253

278

22

12

797

1,827

9,912

12

2,348

224

366

1,611

147

186

16

29

129

12

6

of which: re-securitization

7

of which: senior

8

of which: non-senior

9

Synthetic securitization

10

of which: securitization

11

of which: retail underlying

12

of which: wholesale

13

of which: re-securitization

14

of which: senior

15

of which: non-senior



30 June 2026 Pillar 3 Report |

UBS Group | Market risk 41

Market risk

Introduction

The final Basel III standards on the minimum capital requirements for market risk of the Basel Committee on Banking

Supervision, known as the Fundamental Review of the Trading Book (the FRTB) framework, entered into force in

Switzerland on 1 January 2025. We currently apply the standardized approach of the FRTB framework, in which the

minimum market risk capital requirements are computed on the basis of three components: the sensitivities-based

method (the SBM), the default risk charge (the DRC) and the residual risk add-on (the RRAO). The SBM captures the

delta, vega and curvature risk of the underlying trading positions, and the DRC captures the jump-to-default risk in

positions subject to equity and credit risk. In addition, positions that may not be adequately capitalized by the SBM and

the DRC also attract an RRAO charge. The new FRTB framework replaced the value-at-risk (VaR)- and stressed VaR-based

Basel 2.5 market risk framework.

Market risk under standardized approach

Semi-annual |

The MR1 table below shows the components of market risk risk-weighted assets (RWA) under the standardized

approach. Market risk RWA under the standardized approach increased by USD 8.5bn to USD 32.3bn in the first half of

2026, mainly driven by asset size and other movements in Group Treasury related to hedging activities, as well as in the

Investment Bank.

MR1: Market risk under standardized approach

RWA in standardized approach

USD m

30.6.26

31.12.25

1

General interest rate risk

1,786

2,218

2

Equity risk

7,765

4,611

3

Commodity risk

431

1,716

4

Foreign exchange risk

3,107

2,703

5

Credit spread risk – non-securitizations

7,388

2,258

6

Credit spread risk – securitizations (non-correlation trading portfolio)

12

16

7

Credit spread risk – securitizations (correlation trading portfolio)

0

0

8

Default risk – non-securitizations

5,148

4,145

9

Default risk – securitizations (non-correlation trading portfolio)

198

49

10

Default risk – securitizations (correlation trading portfolio)

0

0

11

Residual risk add-on

5,794

5,780

12

Internal risk transfers

1

350

259

13

Other add-ons

298

14

Total

32,276

23,756

1 Internal risk transfer charge refers to the capital requirement calculated for the risk transferred between the banking book and the trading book, typically for hedging purposes.



30 June 2026 Pillar 3 Report |

UBS Group | Going and gone concern requirements and eligible capital 42

Going and gone concern requirements and eligible

capital

Swiss SRB going and gone concern requirements and information

Quarterly |

The table below provides details of the Swiss systemically relevant bank (SRB) going and gone concern capital

requirements as required by the Swiss Financial Market Supervisory Authority (FINMA).

›

Refer to the “Capital management” section of the UBS Group 30 June 2026 Interim Report, available under ”Quarterly reporting”

at

ubs.com/investors

, for more information about capital management

Swiss SRB going and gone concern requirements and information

As of 30.6.26

RWA

LRD

USD m, except where indicated

in %

in %

Required going concern capital

Total going concern capital

15.20

1

76,572

5.08

1

83,725

Common equity tier 1 capital

10.83

2

54,556

3.58

3

58,979

of which: minimum capital

4.50

22,677

1.50

24,746

of which: buffer capital

5.72

28,804

2.08

34,232

of which: countercyclical buffer

0.45

2,249

Maximum additional tier 1 capital

4.37

2

22,017

1.50

24,746

of which: additional tier 1 capital

3.50

17,637

1.50

24,746

of which: additional tier 1 buffer capital

0.80

4,031

Eligible going concern capital

Total going concern capital

19.05

95,977

5.82

95,977

Common equity tier 1 capital

14.38

72,464

4.39

72,464

Total loss-absorbing additional tier 1 capital

4.67

4

23,513

1.43

23,513

of which: high-trigger loss-absorbing additional tier 1 capital

4.67

23,513

1.43

23,513

Required gone concern capital

Total gone concern loss-absorbing capacity

5,6,7

10.89

8

54,862

3.81

8

62,794

of which: base requirement including add-ons for market share and LRD

10.89

54,862

3.81

62,794

Eligible gone concern capital

Total gone concern loss-absorbing capacity

9

19.38

97,654

5.92

97,654

TLAC-eligible senior unsecured debt

19.38

97,651

5.92

97,651

Total loss-absorbing capacity

Required total loss-absorbing capacity

26.08

131,435

8.88

146,518

Eligible total loss-absorbing capacity

38.42

193,631

11.74

193,631

Risk-weighted assets / leverage ratio denominator

Risk-weighted assets

503,923

Leverage ratio denominator

1,649,751

1 Includes applicable add-ons of 1.89% for risk-weighted assets (RWA) and 0.58% for leverage ratio denominator (LRD). For the RWA-based requirement, the add-on includes 0.86% for market share, 0.79% for LRD

and 0.23% reflecting a Pillar 2 capital add-on for the residual exposure (after collateral mitigation) to hedge funds, private equity and family offices, effective 1 January 2025. For the LRD-based requirement, the add-

on includes 0.30% for market share and 0.28% for LRD. 2 Includes the Pillar 2 add-on for the residual exposure (after collateral mitigation) to hedge funds, private equity and family offices of 0.16% for CET1 capital

and 0.07% for AT1 capital, effective 1 January 2025. For AT1 capital under Pillar 1 requirements a maximum of 4.3% of AT1 capital can be used to meet going concern requirements; 4.37% includes the aforementioned

Pillar 2 capital add-on. 3 Our CET1 leverage ratio requirement of 3.58% consists of a 1.5% base requirement, a 1.5% base buffer capital requirement, a 0.28% LRD add-on requirement and a 0.30% market share

add-on requirement based on our Swiss credit business. 4 UBS meets its minimum going concern capital requirements with CET1 capital and AT1 capital. As UBS exceeds its minimum going concern requirements,

the actual available and eligible AT1 capital is above the AT1 capital used to meet the minimum requirements (which is capped at 4.37% as explained in footnote 2 above). 5 A maximum of 25% of the gone concern

requirements can be met with instruments that have a remaining maturity of between one and two years. Once at least 75% of the minimum gone concern requirement has been met with instruments that have a

remaining maturity of greater than two years, all instruments that have a remaining maturity of between one and two years remain eligible to be included in the total gone concern capital. 6 Systemically important

banks (SIBs) are subject to base gone concern capital requirements equivalent to 75% of the total going concern requirements (excluding countercyclical buffer requirements and the Pillar 2 add-on). 7 The Swiss

Financial Market Supervisory Authority (FINMA) has the authority to impose a surcharge of up to 25% of the total going concern capital requirements (excluding countercyclical buffer requirements and the Pillar 2

add-on) should obstacles to an SIB’s resolvability be identified in future resolvability assessments. 8 Includes applicable add-ons of 1.24% for RWA and 0.43% for LRD. 9 Includes an add-back of 45% of unrealized

gains from financial assets measured at fair value through other comprehensive income. Such gains do not qualify as CET1 capital, but 45% of these gains can be recognized as gone concern capital.



30 June 2026 Pillar 3 Report |

UBS Group | Going and gone concern requirements and eligible capital 43

Countercyclical capital buffer

Semi-annual |

The CCyB1 table below provides details of the risk-weighted assets used in the computation of the

countercyclical capital buffer (the CCyB) requirement applicable to private-sector exposures in UBS Group

AG consolidated. In the first half of 2026, the CCyB for South Africa was increased to 1.0%, effective from 1 January

2026, and the CCyB for Saudi Arabia was increased to 1.0% effective from 25 May 2026. Our bank-specific CCyB

requirement was unchanged at 11 basis points.

›

Refer to the “Risk management and control” section of the UBS Group Annual Report 2025, available under ”Annual reporting” at

ubs.com/investors

, for more information about the methodology of geographical allocation used

CCyB1: Geographical distribution of credit exposures used in the countercyclical capital buffer

USD m, except where indicated

30.6.26

Geographical breakdown

Countercyclical capital

buffer rate, %

Risk-weighted assets

used in the computation

of the countercyclical

capital buffer

1

Bank-specific

countercyclical capital

buffer rate, %

Countercyclical capital

buffer amount

Australia

1.00

2,903

Belgium

1.00

577

France

1.00

2,307

Germany

0.75

4,447

Hong Kong SAR

0.50

2,298

Luxembourg

0.50

6,159

Netherlands

2.00

1,788

Saudi Arabia

1.00

146

South Africa

1.00

68

South Korea

1.00

530

Spain

0.50

467

Sweden

2.00

741

United Kingdom

2.00

8,162

Sum

30,594

Total

310,915

0.11

579

1 Includes private-sector exposures in the countries that are Basel Committee on Banking Supervision (BCBS)-member jurisdictions, under the following categories: “Credit risk”, “Counterparty credit risk”, “Settlement

risk”, “Securitization exposures in the banking book” and “Amounts below thresholds for deduction (250% risk weight)”, as well as the corresponding trading book charges included under “Market risk”.



Explanation of the differences between the IFRS Accounting Standards and regulatory scopes of

consolidation

Semi-annual |

As of 30 June 2026, UBS Asset Management Life Ltd (total assets on a standalone basis as of 30 June 2026:

USD 22,818m; total equity on a standalone basis as of 30 June 2026: USD 33m) was the most significant entity included

in the IFRS Accounting Standards scope of consolidation but not in the regulatory scope of consolidation. This life

insurance entity accounts for most of the difference between the “Balance sheet in accordance with IFRS Accounting

Standards scope of consolidation” and the “Balance sheet in accordance with regulatory scope of consolidation” columns

in the CC2 table in this report. The difference is mainly related to financial assets at fair value not held for trading and

other financial liabilities designated at fair value. Further differences are mainly related to other entities that are not active

in banking and finance and are, therefore, generally not consolidated under the regulatory scope of consolidation.

In the banking book certain equity investments are not consolidated under either IFRS Accounting Standards or under

the regulatory scope. As of 30 June 2026, these investments mainly consisted of infrastructure holdings and joint

operations (e.g. settlement and clearing institutions, and stock and financial futures exchanges) and included our

participation in SIX Group. These investments are risk weighted based on applicable threshold rules.

›

Refer to our legal entity structure, available under “Holding company and significant regulated subsidiaries and sub-groups” at

ubs.com/investors

, for more information about the legal structure of the UBS Group and to “Note 1 Summary of material

accounting policies” in the “Consolidated financial statements” section of the UBS Group Annual Report 2025, available under

“Annual reporting” at

ubs.com/investors

, for more information about the IFRS Accounting Standards scope of consolidation

›

Refer to the “Linkage between financial statements and regulatory exposures” section of the 31 December 2025 Pillar 3 Report,

available under “Pillar 3 disclosures” at

ubs.com/investors

, for more information about differences between the IFRS Accounting

Standards and regulatory scopes of consolidation



30 June 2026 Pillar 3 Report |

UBS Group | Going and gone concern requirements and eligible capital 44

Balance sheet reconciliation

Semi-annual |

The CC2 table below provides a reconciliation of the balance sheet under IFRS Accounting Standards to the

balance sheet according to the regulatory scope of consolidation as defined by the Basel Committee on Banking

Supervision (the BCBS) and FINMA. Lines in the balance sheet under the regulatory scope of consolidation are expanded

and referenced where relevant to display all components that are used in the CC1 table in this section.

CC2: Reconciliation of accounting balance sheet to balance sheet under the regulatory scope of consolidation

As of 30.6.26

Balance sheet in

accordance with

IFRS Accounting

Standards scope

of consolidation

Effect of

deconsolidated,

proportionally

consolidated or

additional consolidated

entities for regulatory

consolidation

Balance sheet in

accordance with

regulatory scope of

consolidation

References

1

USD m, except where indicated

Assets

Cash and balances at central banks

215,716

0

215,716

Amounts due from banks

20,963

(91)

20,872

Receivables from securities financing transactions measured at amortized cost

83,553

(12)

83,541

Cash collateral receivables on derivative instruments

51,314

51,314

Loans and advances to customers

662,901

64

662,965

Other financial assets measured at amortized cost

72,267

(119)

72,149

Total financial assets measured at amortized cost

1,106,715

(157)

1,106,558

Financial assets at fair value held for trading

179,195

8

179,203

of which: assets pledged as collateral that may be sold or repledged by counterparties

39,626

39,626

Derivative financial instruments

193,158

14

193,171

Brokerage receivables

44,704

44,704

Financial assets at fair value not held for trading

113,987

(22,713)

91,274

Total financial assets measured at fair value through profit or loss

531,043

(22,692)

508,352

Financial assets measured at fair value through other comprehensive income

14,517

(60)

14,457

Investments in associates

2,260

625

2,885

of which: goodwill

38

20

58

4

Property, equipment and software

15,989

(263)

15,726

Goodwill and intangible assets

6,846

(49)

6,797

of which: goodwill

6,043

6,043

4

of which: intangible assets

803

(49)

754

5

Deferred tax assets

11,107

(15)

11,092

of which: deferred tax assets recognized for tax loss carry-forwards and unused tax credits

carried forward

3,058

(11)

3,048

6

of which: deferred tax assets on temporary differences

8,048

(5)

8,044

10

Other non-financial assets

18,806

(493)

18,313

of which: net defined benefit pension and other post-employment assets

937

937

8

Total assets

1,707,284

(23,104)

1,684,180

30 June 2026 Pillar 3 Report |

UBS Group | Going and gone concern requirements and eligible capital 45

CC2: Reconciliation of accounting balance sheet to balance sheet under the regulatory scope of consolidation

(continued)

As of 30.6.26

Balance sheet in

accordance with

IFRS Accounting

Standards scope

of consolidation

Effect of

deconsolidated,

proportionally

consolidated or

additional consolidated

entities for regulatory

consolidation

Balance sheet in

accordance with

regulatory scope of

consolidation

References

1

USD m, except where indicated

Liabilities

Amounts due to banks

27,345

27,345

Payables from securities financing transactions measured at amortized cost

20,449

20,449

Cash collateral payables on derivative instruments

37,304

(1)

37,304

Customer deposits

784,845

431

785,276

Debt issued measured at amortized cost

222,377

222,377

of which: amount eligible for high-trigger loss-absorbing additional tier 1 capital

21,022

21,022

9

Other financial liabilities measured at amortized cost

17,141

(7)

17,134

Total financial liabilities measured at amortized cost

1,109,461

423

1,109,884

Financial liabilities at fair value held for trading

61,882

61,882

Derivative financial instruments

199,336

1

199,337

Brokerage payables designated at fair value

78,536

78,536

Debt issued designated at fair value

121,175

8

121,183

Other financial liabilities designated at fair value

29,826

(22,838)

6,989

Total financial liabilities measured at fair value through profit or loss

490,755

(22,829)

467,926

Provisions and contingent liabilities

4,631

(477)

4,154

Other non-financial liabilities

13,008

(58)

12,950

of which: amount eligible for high-trigger loss-absorbing capital (Deferred Contingent

Capital Plan (DCCP))

2

1,761

1,761

9

of which: deferred tax liabilities related to goodwill

314

314

4

of which: deferred tax liabilities related to other intangible assets

133

133

5

Total liabilities

1,617,854

(22,940)

1,594,914

Equity

Share capital

328

328

1

Share premium

5,918

0

5,918

1

Treasury shares

(7,786)

(7,786)

3

Retained earnings

86,004

0

86,003

2

Other comprehensive income recognized directly in equity, net of tax

4,702

(5)

4,697

3

of which: unrealized gains / (losses) from cash flow hedges

(1,783)

(1,783)

7

Equity attributable to shareholders

89,165

(5)

89,161

Equity attributable to non-controlling interests

265

(159)

105

Total equity

89,430

(164)

89,266

Total liabilities and equity

1,707,284

(23,104)

1,684,180

1 References link the lines of this table to the respective reference numbers provided in the “References” column in the CC1 table in this section. 2 The IFRS Accounting Standards carrying amount of total DCCP

liabilities was USD 2,168m as of 30 June 2026. Refer to the “Compensation” section of the UBS Group Annual Report 2025, available under ”Annual reporting” at ubs.com/investors, for more information about the

DCCP.



30 June 2026 Pillar 3 Report |

UBS Group | Going and gone concern requirements and eligible capital 46

Composition of regulatory capital

Semi-annual |

The CC1 table below provides the composition of capital in the format prescribed by the BCBS and FINMA, and

is based on BCBS Basel III rules, unless stated otherwise. Reference is made to items reconciling to the balance sheet

under the regulatory scope of consolidation as disclosed in the CC2 table in this section.

›

Refer to the documents titled “Capital and total loss-absorbing instruments of UBS Group AG consolidated, UBS AG consolidated

and standalone – Key features” and “UBS Group AG consolidated capital instruments and TLAC-eligible senior unsecured debt”,

available under “Bondholder information” at

ubs.com/investors

, for an overview of the main features of our regulatory capital

instruments, as well as their full terms and conditions

CC1: Composition of regulatory capital

As of 30.6.26

Amounts

References

1

USD m, except where indicated

Common Equity Tier 1 capital: instruments and reserves

1

Directly issued qualifying common share (and equivalent for non-joint stock companies) capital plus related stock surplus

6,246

1

2

Retained earnings

86,003

2

3

Accumulated other comprehensive income (and other reserves)

(3,089)

3

5

Common share capital issued by subsidiaries and held by third parties (amount allowed in group CET1)

6

Common Equity Tier 1 capital before regulatory adjustments

89,161

Common Equity Tier 1 capital: regulatory adjustments

7

Prudent valuation adjustments

(176)

8

Goodwill (net of related tax liability)

(5,764)

4

9

Other intangibles other than mortgage servicing rights (net of related tax liability)

(618)

5

10

Deferred tax assets that rely on future profitability, excluding those arising from temporary differences (net of related tax liability)

2

(3,049)

6

11

Cash flow hedge reserve

1,783

7

12

Shortfall of provisions to expected losses

(639)

13

Securitization gain on sale

14

Gains and losses due to changes in own credit risk on fair valued liabilities

1,298

15

Defined benefit pension fund net assets

(937)

8

16

Investments in own shares (if not already subtracted from paid-in capital on reported balance sheet)

(4,788)

3

9

17

Reciprocal cross-holdings in common equity

17a

Qualified holdings where a significant influence is exercised with other owners (CET1 instruments)

17b

Immaterial investments (CET1 items)

18

Investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation, where the bank

does not own more than 10% of the issued share capital (amount above 10% threshold)

19

Significant investments in the common stock of banking, financial and insurance entities that are outside the scope of regulatory consolidation

(amount above 10% threshold)

20

Mortgage servicing rights (amount above 10% threshold)

21

Deferred tax assets arising from temporary differences (amount above 10% threshold, net of related tax liability)

(948)

10

22

Amount exceeding the 15% threshold

(36)

23

of which: significant investments in the common stock of financials

(12)

24

of which: mortgage servicing rights

25

of which: deferred tax assets arising from temporary differences

(24)

26

National specific regulatory adjustments

26a

of which: adjustments to financial statements in accordance with a recognized international accounting standard

26b

Other adjustments

(2,822)

4

27

Regulatory adjustments applied to Common Equity Tier 1 due to insufficient Additional Tier 1 and Tier 2 to cover deductions

28

Total regulatory adjustments to Common Equity Tier 1

(16,697)

29

Common Equity Tier 1 capital (CET1)

72,464

30 June 2026 Pillar 3 Report |

UBS Group | Going and gone concern requirements and eligible capital 47

CC1: Composition of regulatory capital (continued)

As of 30.6.26

Amounts

References

1

USD m, except where indicated

Additional Tier 1 capital: instruments

30

Directly issued qualifying additional Tier 1 instruments plus related stock surplus

23,513

31

of which: classified as equity under applicable accounting standards

32

of which: classified as liabilities under applicable accounting standards

23,513

33

Directly issued capital instruments subject to phase-out from additional Tier 1

34

Additional Tier 1 instruments (and CET1 instruments not included in row 5) issued by subsidiaries and held by third parties (amount allowed in

group AT1)

36

Additional Tier 1 capital before regulatory adjustments

23,513

Additional Tier 1 capital: regulatory adjustments

37

Investments in own additional Tier 1 instruments

5

38

Reciprocal cross-holdings in additional Tier 1 instruments

38a

Qualified holdings where a significant influence is exercised with other owners (AT1 instruments)

38b

Immaterial investments (AT1 instruments)

39

Investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation, where the bank

does not own more than 10% of the issued common share capital of the entity (amount above 10% threshold)

40

Significant investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation

41

National specific regulatory adjustments

42

Regulatory adjustments applied to additional Tier 1 due to insufficient Tier 2 to cover deductions

42a

Regulatory adjustments applied to CET1 capital due to insufficient additional Tier 1 to cover deductions

43

Total regulatory adjustments to additional Tier 1 capital

44

Additional Tier 1 capital (AT1)

23,513

9

45

Tier 1 capital (T1 = CET1 + AT1)

95,977

Tier 2 capital: instruments and provisions

46

Directly issued qualifying Tier 2 instruments plus related stock surplus

6

3

48

Tier 2 instruments (and CET1 and AT1 instruments not included in rows 5 or 34) issued by subsidiaries and held by third parties (amount

allowed in group Tier 2)

50

Provisions

51

Tier 2 capital before regulatory adjustments

3

Tier 2 capital: regulatory adjustments

52

Investments in own Tier 2 instruments

53

Reciprocal cross-holdings in Tier 2 instruments and other TLAC liabilities

53a

Qualified holdings where a significant influence is exercised with other owners (T2 instruments and other TLAC instruments)

53b

Immaterial investments (T2 instruments and other TLAC instruments)

54

Investments in the capital and other TLAC liabilities of banking, financial and insurance entities that are outside the scope of regulatory

consolidation, where the bank does not own more than 10% of the issued common share capital of the entity (amount above 10% threshold)

55

Significant investments in the capital and other TLAC liabilities of banking, financial and insurance entities that are outside the scope of

regulatory consolidation (net of eligible short positions)

56

National specific regulatory adjustments

56a

Excess of the adjustments, which are allocated to the AT1 capital

57

Total regulatory adjustments to Tier 2 capital

58

Tier 2 capital (T2)

3

59

Total regulatory capital (TC = T1 + T2)

95,980

60

Total risk-weighted assets

503,923

Capital ratios and buffers

61

Common Equity Tier 1 (as a percentage of risk-weighted assets)

14.38

62

Tier 1 (as a percentage of risk-weighted assets)

19.05

63

Total capital (as a percentage of risk-weighted assets)

19.05

64

Institution-specific buffer requirement (capital conservation buffer plus countercyclical buffer requirements plus higher loss absorbency

requirement, expressed as a percentage of risk-weighted assets)

7

4.11

65

of which: capital conservation buffer requirement

2.50

66

of which: bank-specific countercyclical buffer requirement

0.11

67

of which: higher loss absorbency requirement

1.50

68

Common Equity Tier 1 (as a percentage of risk-weighted assets) available after meeting the bank’s minimum capital requirements

9.88

Amounts below the thresholds for deduction (before risk weighting)

72

Non-significant investments in the capital and other TLAC liabilities of other financial entities

4,280

73

Significant investments in the common stock of financial entities

3,546

74

Mortgage servicing rights (net of related tax liability)

3

75

Deferred tax assets arising from temporary differences (net of related tax liability)

7,320

Applicable caps on the inclusion of provisions in Tier 2

76

Provisions eligible for inclusion in Tier 2 in respect of exposures subject to standardized approach (prior to application of cap)

77

Cap on inclusion of provisions in Tier 2 under standardized approach

78

Provisions eligible for inclusion in Tier 2 in respect of exposures subject to internal ratings-based approach (prior to application of cap)

79

Cap for inclusion of provisions in Tier 2 under internal ratings-based approach

1 References link the lines of this table to the respective reference numbers provided in the “References” column in the CC2 table in this section. 2 IFRS Accounting Standards netting for deferred tax assets and

liabilities is reversed for items deducted from CET1 capital. 3 Includes USD 3,261m capital reserves for expected future share repurchases. 4 Includes USD 961m in a compensation-related charge for regulatory

capital purposes. 5 Under IFRS Accounting Standards, debt issued and subsequently repurchased is treated as extinguished. 6 Includes an add-back of 45% of unrealized gains from financial assets measured at

fair value through other comprehensive income. Such gains do not qualify as CET1 capital, but 45% of these gains can be recognized as gone concern capital. 7 BCBS requirements are exceeded by UBS’s Swiss SRB

requirements. Refer to the “Capital management“ section of the UBS Group Annual Report 2025, available under ”Annual reporting” at ubs.com/investors, for more information about the Swiss SRB requirements.



30 June 2026 Pillar 3 Report |

UBS Group | Total loss-absorbing capacity 48

Total loss-absorbing capacity

Resolution group – composition of total loss-absorbing capacity

Semi-annual |

The TLAC1 table below is based on Basel Committee on Banking Supervision rules and only applicable to

UBS Group AG as the ultimate parent entity of the defined UBS resolution group, to which, in case of resolution,

resolution tools (e.g. a bail in) are expected to be applied.

In the first half of 2026, our eligible additional tier 1 (AT1) instruments increased by USD 3.6bn, mainly driven by the

issuance of new AT1 capital instruments equivalent to USD 5.2bn, partly offset by the redemption of AT1 capital

instruments equivalent to USD 1.5bn (including one instrument, ISIN CH0558521263, that ceased to be eligible when

we issued a notice of redemption of the instrument in the second quarter of 2026).

Non-regulatory capital elements of total loss-absorbing capacity (TLAC) increased by USD 1.5bn, mainly due to the new

issuances of USD 9.3bn equivalent of TLAC-eligible senior unsecured debt instruments, partly offset by the redemption

of USD 6.2bn equivalent of TLAC-eligible senior unsecured debt instruments and negative impacts from interest rate risk

hedge, foreign currency translation and other effects.

TLAC1: TLAC composition for G-SIBs (at resolution group level)

30.6.26

31.12.25

USD m, except where indicated

Regulatory capital elements of TLAC and adjustments

1

Common Equity Tier 1 capital (CET1)

72,464

71,262

2

Additional Tier 1 capital (AT1) before TLAC adjustments

23,513

19,914

3

AT1 ineligible as TLAC as issued out of subsidiaries to third parties

4

Other adjustments

5

Total AT1 instruments eligible under the TLAC framework

23,513

19,914

6

Tier 2 capital (T2) before TLAC adjustments

1

3

25

7

Amortized portion of T2 instruments where remaining maturity > 1 year

8

T2 capital ineligible as TLAC as issued out of subsidiaries to third parties

9

Other adjustments

10

Total T2 instruments eligible under the TLAC framework

3

25

11

TLAC arising from regulatory capital

95,980

91,201

Non-regulatory capital elements of TLAC

12

External TLAC instruments issued directly by the bank and subordinated to excluded liabilities

13

External TLAC instruments issued directly by the bank which are not subordinated to excluded liabilities but meet all other TLAC term sheet

requirements

97,651

96,105

14

of which: amount eligible as TLAC after application of the caps

15

External TLAC instruments issued by funding vehicles prior to 1 January 2022

16

Eligible ex ante commitments to recapitalize a G-SIB in resolution

17

TLAC arising from non-regulatory capital instruments before adjustments

97,651

96,105

Non-regulatory capital elements of TLAC: adjustments

18

TLAC before deductions

193,631

187,307

19

Deductions of exposures between multiple-point-of-entry (MPE) resolution groups that correspond to items eligible for TLAC (not applicable to

SPE G-SIBs)

20

Deduction of investments in own other TLAC liabilities

2

21

Other adjustments to TLAC

22

TLAC after deductions

193,631

187,307

Risk-weighted assets and leverage exposure measure for TLAC purposes

23

Total risk-weighted assets adjusted as permitted under the TLAC regime

503,923

493,397

24

Leverage exposure measure

1,649,751

1,622,438

TLAC ratios and buffers

25

TLAC (as a percentage of risk-weighted assets adjusted as permitted under the TLAC regime)

38.42

37.96

26

TLAC (as a percentage of leverage exposure)

11.74

11.54

27

CET1 (as a percentage of risk-weighted assets) available after meeting the resolution group’s minimum capital and TLAC requirements

9.88

9.94

28

Institution-specific buffer requirement (capital conservation buffer plus countercyclical buffer requirements plus higher loss absorbency

requirement, expressed as a percentage of risk-weighted assets)

4.11

4.11

29

of which: capital conservation buffer requirement

2.50

2.50

30

of which: bank-specific countercyclical buffer requirement

0.11

0.11

31

of which: higher loss absorbency requirement

1.50

1.50

1 Includes an add-back of 45% of unrealized gains from financial assets measured at fair value through other comprehensive income. Such gains do not qualify as CET1 capital, but 45% of these gains can be

recognized as gone concern capital. 2 Under IFRS Accounting Standards, debt issued and subsequently repurchased is treated as extinguished.



30 June 2026 Pillar 3 Report |

UBS Group | Total loss-absorbing capacity 49

Resolution entity – creditor ranking at legal entity level

Semi-annual |

The TLAC3 table below provides an overview of the creditor ranking structure of the resolution entity,

UBS Group AG, on a standalone basis.

UBS Group AG issues loss-absorbing AT1 capital instruments and TLAC-eligible senior unsecured debt.

UBS Group AG grants Deferred Contingent Capital Plan awards to UBS Group employees, which qualify as Basel III AT1

capital on a UBS Group consolidated basis and totaled USD 2,493m as of 30 June 2026 (31 December 2025:

USD 2,365m). The related liabilities of UBS Group AG on a standalone basis of USD 1,740m (31 December 2025:

USD 1,727m) are not included in the table below, as these do not give rise to any current claims until the awards are

legally vested.

As of 30 June 2026, the TLAC available on a UBS Group AG consolidated basis amounted to USD 193,631m

(31 December 2025: USD 187,307m).



›

Refer to “Holding company and significant regulated subsidiaries and sub-groups” at

ubs.com/investors

for more information

about UBS Group AG standalone for the six-month period ended 30 June 2026

›

Refer to “Bondholder information” at

ubs.com/investors

for more information

›

Refer to the “TLAC1: TLAC composition for G-SIBs (at resolution group level)” table in this section for more information about

TLAC for UBS Group AG consolidated

TLAC3: Creditor ranking at legal entity level for the resolution entity, UBS Group AG

As of 30.6.26

Creditor ranking

Total

USD m

1

2

3

1

Description of creditor ranking

Common shares

(most junior)

2

Additional Tier 1

Bail-in debt and

pari passu

liabilities

(most senior)

2

Total capital and liabilities net of credit risk mitigation

1

69,763

22,628

108,083

200,473

3

Subset of row 2 that are excluded liabilities

4

Total capital and liabilities less excluded liabilities (row 2 minus row 3)

69,763

22,628

3,4,5

108,083

6,7

200,473

5

Subset of row 4 that are potentially eligible as TLAC

69,763

21,408

104,514

195,685

6

Subset of row 5 with 1 year ≤ residual maturity < 2 years

16,310

8

16,310

7

Subset of row 5 with 2 years ≤ residual maturity < 5 years

32,227

32,227

8

Subset of row 5 with 5 years ≤ residual maturity < 10 years

36,230

36,230

9

Subset of row 5 with residual maturity ≥ 10 years, but excluding perpetual securities

19,747

19,747

10

Subset of row 5 that is perpetual securities

69,763

21,408

91,171

1 No credit risk mitigation is applied to capital and liabilities for UBS Group AG standalone. 2 Common shares including the associated reserves are equal to the equity of UBS Group AG standalone attributable to

shareholders. 3 Includes interest expense accrued on AT1 capital instruments, which is not eligible as TLAC. 4 An AT1 instrument in the amount of USD 0.8bn was redeemed and AT1 instruments in a total amount

of USD 5.2bn were issued during the six months ended 30 June 2026. 5 Includes an AT1 instrument in the amount of USD 0.8bn, the call of which was announced on 23 June 2026 and executed on 29 July 2026.

6 Includes interest expense accrued on bail-in debt, interest-bearing liabilities that consist of loans from UBS AG and UBS Switzerland AG, negative replacement values, and tax and other liabilities that are not

excluded liabilities under Swiss law and that rank pari passu to bail-in debt. 7 Bail-in debt of USD 13.6bn was redeemed and bail-in debt of USD 9.2bn was issued during the six months ended 30 June 2026.

8 Includes bail-in debt in the amount of USD 1.8bn and USD 2bn the call of which was announced on 16 July 2026 and executed on 5 August 2026 and 10 August 2026, respectively.



Leverage ratio

Basel III leverage ratio

Quarterly |

The Basel Committee on Banking Supervision (the BCBS) leverage ratio, as summarized in the “KM1: Key metrics”

table in section 2 of this report, is calculated by dividing the period-end tier 1 capital by the period-end leverage ratio

denominator (the LRD).

The LRD consists of on-balance sheet assets and off-balance sheet items based on IFRS Accounting Standards. Derivative

exposures are adjusted for netting of replacement values and eligible cash variation margin, potential future exposure,

and net notional amounts for written credit derivatives. The LRD also includes an additional charge for counterparty credit

risk related to securities financing transactions (SFTs).

On-balance sheet items (excluding derivatives and securities financing transactions (SFTs), but including collateral), as

disclosed in the LR2 table in this section, differ from IFRS Accounting Standards total assets due to adjustments to the

former for the application of the regulatory scope of consolidation and due to the carrying amounts for derivative financial

instruments and SFTs, which are removed and replaced with exposures, as per the leverage ratio rules, in separate line

items in the LR2 table.

30 June 2026 Pillar 3 Report |

UBS Group | Leverage ratio 50

Difference between the Swiss systemically relevant bank leverage ratio and the BCBS leverage ratio

The LRD is the same under Swiss systemically relevant bank (SRB) and BCBS rules. However, there is a difference in the

capital numerator between the two frameworks. Under BCBS rules only common equity tier 1 and additional tier 1 (AT1)

capital are included in the numerator. Under Swiss SRB rules UBS is required to meet going and gone concern leverage

ratio requirements. Therefore, depending on the requirement, the numerator includes tier 1 capital instruments, tier 2

capital instruments and / or total loss-absorbing capacity-eligible senior unsecured debt.

LR1: Summary comparison of accounting assets vs leverage ratio exposure measure

USD m

30.6.26

31.3.26

31.12.25

1

Total consolidated assets as per published financial statements

1,707,284

1,686,521

1,617,427

2

Adjustment for investments in banking, financial, insurance or commercial entities that are consolidated for accounting

purposes but outside the scope of regulatory consolidation

(23,135)

(20,970)

(21,907)

3

Adjustment for securitized exposures that meet the operational requirements for the recognition of risk transference

4

Adjustments for temporary exemption of central bank reserves (if applicable)

5

Adjustment for fiduciary assets recognized on the balance sheet pursuant to the operative accounting framework but excluded

from the leverage ratio exposure measure

6

Adjustments for regular-way purchases and sales of financial assets subject to trade date accounting

7

Adjustments for eligible cash pooling transactions

8

Adjustments for derivative financial instruments

1

(97,069)

(70,223)

(37,043)

9

Adjustment for securities financing transactions (i.e. repos and similar secured lending)

12,331

12,363

10,594

10

Adjustment for off-balance sheet items (i.e. conversion to credit equivalent amounts of off-balance sheet exposures)

60,049

58,374

64,920

11

Adjustments for prudent valuation adjustments and specific and general provisions which have reduced Tier 1 capital

2

(639)

(874)

(876)

12

Other adjustments

(9,071)

(11,731)

(10,676)

12a

of which: asset amounts deducted in determining Tier 1 capital

(11,332)

(11,454)

(11,984)

12b

of which: consolidated entities under the regulatory scope of consolidation

1,308

13

Leverage ratio exposure

1,649,751

1,653,460

1,622,438

1 As of 31 December 2025, initial margin posted with exchanges on derivatives was included in Derivative exposures. As of 31 March 2026, we have reclassified initial margin on derivatives under On-balance sheet

exposures. 2 Reflects the shortfall to expected losses on advanced internal ratings-based (IRB) portfolio less general provisions. Deduction items other than the IRB shortfall are disclosed in row 12a.

30 June 2026 Pillar 3 Report |

UBS Group | Leverage ratio 51

LR2: Leverage ratio common disclosure

USD m, except where indicated

30.6.26

31.3.26

31.12.25

On-balance sheet exposures

1

On-balance sheet items (excluding derivatives and securities financing transactions (SFTs), but including collateral)

1,348,019

1,336,999

1,311,429

2

Gross-up for derivatives collateral provided where deducted from balance sheet assets pursuant to the operative accounting

framework

3

(Deductions of receivable assets for cash variation margin provided in derivatives transactions)

(36,489)

(34,540)

(40,465)

4

(Adjustment for securities received under securities financing transactions that are recognised as an asset)

5

(Specific and general provisions associated with on-balance sheet exposures that are deducted from Tier 1 capital)

(673)

(950)

(901)

6

(Asset amounts deducted in determining Tier 1 capital)

(11,332)

(11,454)

(11,984)

7

Total on-balance sheet exposures (excluding derivatives and SFTs)

1

1,299,525

1,290,056

1,258,078

Derivative Exposures

8

Replacement cost associated with all derivatives transactions (where applicable net of eligible cash variation margin and/or

with bilateral netting)

53,118

52,393

52,151

9

Add-on amounts for potential future exposure associated with all derivatives transactions

105,177

111,038

118,089

10

(Exempted qualifying central counterparty (QCCP) leg of client-cleared trade exposures)

(26,558)

(19,000)

(20,424)

11

Adjusted effective notional amount of all written credit derivatives

2

76,817

105,049

79,218

12

(Adjusted effective notional offsets and add-on deductions for written credit derivatives)

3

(75,962)

(103,652)

(77,817)

13

Total derivative exposures

1

132,592

145,829

151,216

Securities financing transaction exposures

14

Gross SFT assets (with no recognition of netting), after adjusting for sale accounting transactions

270,496

262,845

247,796

15

(Netted amounts of cash payables and cash receivables of gross SFT assets)

(125,276)

(116,083)

(110,191)

16

Counterparty credit risk exposure for SFT assets

12,331

12,363

10,594

17

Agent transaction exposures

18

Total securities financing transaction exposures

157,550

159,125

148,199

Other off-balance sheet exposures

19

Off-balance sheet exposure at gross notional amount

193,744

199,891

265,073

20

(Adjustments for conversion to credit equivalent amounts)

(133,694)

(141,516)

(200,153)

21

(Specific and general provisions associated with off-balance sheet exposures deducted in determining Tier 1 capital)

34

76

25

22

Total off-balance sheet items

60,083

58,450

64,945

Capital and total exposures (leverage ratio denominator), phase-in

23

Tier 1 capital

95,977

96,963

91,176

24

Total exposures (leverage ratio denominator)

1,649,751

1,653,460

1,622,438

Leverage ratio

25

Basel III leverage ratio (%) (including the impact of any applicable temporary exemption of central bank reserves)

4

5.82

5.86

5.62

25a

Basel III leverage ratio (%) (excluding the impact of any applicable temporary exemption of central bank reserves)

4

5.82

5.86

5.62

26

Leverage ratio minimum requirement (%)

5

3.00

3.00

3.00

27

Leverage ratio buffers (%)

5

2.08

2.08

2.00

Disclosure of mean values

28

Mean value of gross SFT assets, after adjustment for sale accounting transactions and netted of amounts of associated cash

payables and cash receivables

152,121

148,078

148,140

29

Quarter-end value of gross SFT assets, after adjustment for sale accounting transactions and netted of amounts of associated

cash payables and cash receivables

145,220

146,763

137,605

30

Total exposures (including the impact of any applicable temporary exemption of central bank reserves) incorporating mean

values from row 28 of gross SFT assets (after adjustment for sale accounting transactions and netted of amounts of associated

cash payables and cash receivables)

4

1,656,652

1,654,776

1,632,973

30a

Total exposures (excluding the impact of any applicable temporary exemption of central bank reserves) incorporating mean

values from row 28 of gross SFT assets (after adjustment for sale accounting transactions and netted of amounts of

associated cash payables and cash receivables)

4

1,656,652

1,654,776

1,632,973

31

Basel III leverage ratio (%) (including the impact of any applicable temporary exemption of central bank reserves)

incorporating mean values from row 28 of gross SFT assets (after adjustment for sale accounting transactions and netted of

amounts of associated cash payables and cash receivables)

4

5.79

5.86

5.58

31a

Basel III leverage ratio (%) (excluding the impact of any applicable temporary exemption of central bank reserves)

incorporating mean values from row 28 of gross SFT assets (after adjustment for sale accounting transactions and netted of

amounts of associated cash payables and cash receivables)

4

5.79

5.86

5.58

1 As of 31 December 2025, initial margin posted with exchanges on derivatives was included in Derivative exposures. As of 31 March 2026, we have reclassified initial margin on derivatives under On-balance sheet

exposures. 2 Includes protection sold, including agency transactions. 3 Protection sold can be offset with protection bought on the same underlying reference entity, provided that the conditions according to the

Basel III leverage ratio framework and disclosure requirements are met. 4 There is currently no temporary exemption of central bank reserves for UBS. 5 The total Swiss SRB leverage ratio requirement of 5.08%

as of 30 June 2026 (5% as of 31 December 2025) is composed of a base requirement and a buffer requirement. The total requirement is above the BCBS leverage ratio requirement, including the G-SIB buffer.



30 June 2026 Pillar 3 Report |

UBS Group | Leverage ratio 52

LRD development during the second quarter of 2026

Quarterly |

During the second quarter of 2026, the LRD decreased by USD 3.7bn to USD 1,649.8bn, driven by a USD 9.4bn

decrease from currency effects, partly offset by a USD 5.6bn increase from asset size and other movements.

On-balance sheet exposures (excluding derivatives and securities financing transactions) increased by USD 9.5bn, mainly

due to asset size and other movements of USD 17.4bn, partly offset by currency effects of USD 7.9bn. The asset size

movement was mainly due to increases in trading assets, predominantly in the Investment Bank, due to an increase in

inventory held to hedge client positions, as well as market-driven increases. In addition, there was an increase in lending

assets, mainly reflecting positive net new loans in Global Wealth Management and Personal & Corporate Banking, partly

offset by cash and balances at central banks.

Derivative exposures decreased by USD 13.2bn, mainly due to asset size and other movements of USD 12.9bn and

currency effects of USD 0.4bn. The asset size movement was mainly due to higher netting on potential future exposure

in the Investment Bank.

Securities financing transaction exposures decreased by USD 1.6bn, mainly due to asset size and other movements of

USD 0.8bn and currency effects of USD 0.7bn. The asset size movement was mainly due to roll-offs of cash reinvestment

trades in Group Treasury, partly offset by higher levels of client activity in the Investment Bank.

Off-balance sheet items increased by USD 1.6bn, mainly due to asset size and other movements of USD 1.9bn, partly

offset by currency effects of USD 0.3bn. The asset size movement was mainly due to increases in irrevocable loan

commitments in Global Wealth Management and Personal & Corporate Banking, partly offset by a decrease in committed

unconditionally revocable credit lines, predominantly driven by a refinement in the definition of a commitment for certain

Lombard facilities in Global Wealth Management.

›

Refer to “Leverage ratio denominator” in the “Capital management” section of the UBS Group 30 June 2026 Interim Report,

available under “Quarterly reporting” at

ubs.com/investors

, for more information



Liquidity and funding

Liquidity coverage ratio

Quarterly |

We monitor the liquidity coverage ratio (the LCR) in all significant currencies in order to manage any currency

mismatch between high-quality liquid assets (HQLA) and the net expected cash outflows in times of stress.

Further key information

UBS Group 30 June 2026 Interim Report section

Disclosure

UBS Group 30 June

2026 Interim Report

page number

Concentration of funding sources

Balance sheet and off-balance sheet

–

Liabilities, by product and currency

52



High-quality liquid assets

Quarterly |

HQLA must be easily and immediately convertible into cash at little or no loss of value, especially during a period

of stress. HQLA are assets that are of low risk and are unencumbered. Other characteristics of HQLA are ease and certainty

of valuation, low correlation with risky assets, listing of the assets on a developed and recognized exchange, existence of

an active and sizable market for the assets, and low volatility. Our HQLA predominantly consist of assets that qualify as

Level 1 in the LCR framework, including cash, central bank reserves and government bonds. In the second quarter of

2026, our HQLA increased by USD 7.8bn to USD 341.8bn, mainly reflecting

higher cash available due to increases in

customer deposits, debt issued and net brokerage payables, partly offset by lower cash available from funding of lending

assets, margin requirements and dividend distribution to shareholders, as well as a decrease in securities financing

transactions.

High-quality liquid assets (HQLA)

Average 2Q26

1

Average 1Q26

1

USD m

Level 1

weighted

liquidity

value

2

Level 2

weighted

liquidity

value

2

Total

weighted

liquidity

value

2

Level 1

weighted

liquidity

value

2

Level 2

weighted

liquidity

value

2

Total

weighted

liquidity

value

2

Cash balances

3

217,395

217,395

211,801

211,801

Securities (on- and off-balance sheet)

97,517

26,880

124,397

92,949

29,213

122,162

Total HQLA

4

314,912

26,880

341,792

304,750

29,213

333,963

1 Calculated based on an average of 60 data points in the second quarter of 2026 and 62 data points in the first quarter of 2026. 2 Calculated after the application of haircuts and, where applicable, caps on Level 2

assets. 3 Includes cash and balances with central banks and other eligible balances as prescribed by FINMA. 4 Calculated in accordance with FINMA requirements.



30 June 2026 Pillar 3 Report |

UBS Group | Liquidity and funding 53

LCR development during the second quarter of 2026

Quarterly |

In the second quarter of 2026, the quarterly average LCR of the UBS Group was largely unchanged at 177.3%,

remaining above the prudential requirement communicated by the Swiss Financial Market Supervisory Authority (FINMA).

Average net cash outflows increased by USD 5.0bn to USD 192.9bn, primarily reflecting lower inflows from lending assets

and securities financing transactions and higher net outflows from debt issued measured at fair value. The effect of the

increase in net cash outflows was offset by a USD 7.8bn increase in average HQLA to USD 341.8bn,

mainly

reflecting

higher cash available due to increases in customer deposits, debt issued and net brokerage payables, partly

offset by lower cash available from funding of lending assets, margin requirements and dividend distribution to

shareholders, as well as a decrease in securities financing transactions.

LIQ1: Liquidity coverage ratio (LCR)

Average 2Q26

1

Average 1Q26

1

USD m

Unweighted

value

Weighted

value

2

Unweighted

value

Weighted

value

2

High-quality liquid assets (HQLA)

1

Total HQLA

347,280

341,792

340,065

333,963

Cash outflows

2

Retail deposits and deposits from small business customers

390,606

45,105

391,282

45,216

3

of which: stable deposits

31,767

1,141

31,893

1,149

4

of which: less stable deposits

358,840

43,963

359,389

44,067

5

Unsecured wholesale funding

308,412

162,498

311,308

162,211

6

of which: operational deposits (all counterparties)

63,721

15,930

61,781

15,445

7

of which: non-operational deposits (all counterparties)

227,627

129,504

233,679

130,918

8

of which: unsecured debt

17,064

17,064

15,847

15,847

9

Secured wholesale funding

124,765

113,952

10

Additional requirements:

115,440

44,358

125,158

49,891

11

of which: outflows related to derivatives and other transactions

31,915

26,707

38,094

30,860

12

of which: outflows related to loss of funding on debt products

3

230

230

379

379

13

of which: committed credit and liquidity facilities

83,294

17,421

86,685

18,651

14

Other contractual funding obligations

35,542

33,163

31,820

29,404

15

Other contingent funding obligations

359,017

18,272

351,216

16,485

16

Total cash outflows

428,160

417,159

Cash inflows

17

Secured lending

455,148

159,414

411,535

147,849

18

Inflows from fully performing exposures

79,130

34,791

82,659

37,395

19

Other cash inflows

41,078

41,078

44,046

44,046

20

Total cash inflows

575,356

235,283

538,240

229,290

Average 2Q26

1

Average 1Q26

1

USD m, except where indicated

Total adjusted

value

4

Total adjusted

value

4

Liquidity coverage ratio (LCR)

21

Total HQLA

341,792

333,963

22

Net cash outflows

192,877

187,869

23

LCR (%)

177.28

177.83

1 Calculated based on an average of 60 data points in the second quarter of 2026 and 62 data points in the first quarter of 2026. 2 Calculated after the application of haircuts and inflow and outflow rates.

3 Includes outflows related to loss of funding on asset-backed securities, covered bonds, other structured financing instruments, asset-backed commercial papers, structured entities (conduits), securities investment

vehicles and other such financing facilities. 4 Calculated after the application of haircuts and inflow and outflow rates, as well as, where applicable, caps on Level 2 assets and cash inflows.



30 June 2026 Pillar 3 Report |

UBS Group | Liquidity and funding 54

Net stable funding ratio

Net stable funding ratio development during the second quarter of 2026

Semi-annual |

As of 30 June 2026, the net stable funding ratio (the NSFR) of the UBS Group decreased 1.9 percentage points

to 115.1%, remaining above the prudential requirement communicated by FINMA.

Available stable funding increased by USD 3.6bn to USD 900.3bn, mainly reflecting an increase in debt issued designated

at fair value, partly offset by the tenor roll down of TLAC-eligible senior unsecured debt instruments.

Required stable funding increased by USD 15.7bn to USD 782.5bn, mainly driven by higher trading assets and lending

assets.

›

Refer to the “Liquidity and funding management” section of the UBS Group 30 June 2026 Interim Report, available under

”Quarterly reporting” at

ubs.com/investors

, for more information about the NSFR

LIQ2: Net stable funding ratio (NSFR)

30.6.26

31.3.26

Unweighted value by residual maturity

Unweighted value by residual maturity

USD m, except where indicated

No Maturity

< 6

months

6 months to

< 1 year

≥ 1 year

Weighted

Value

No

Maturity

< 6

months

6 months to

< 1 year

≥ 1 year

Weighted

Value

Available stable funding (ASF) item

1

Capital:

89,348

16,049

105,396

92,634

13,179

105,813

2

Regulatory Capital

89,348

15,983

105,331

92,634

13,112

105,746

3

Other Capital Instruments

65

65

66

66

4

Retail deposits and deposits from small business

customers:

416,834

9,117

14,940

399,936

416,732

7,928

16,717

400,537

5

Stable deposits

32,132

666

7

31,165

32,370

154

8

30,906

6

Less stable deposits

384,703

8,451

14,933

368,771

384,362

7,773

16,709

369,631

7

Wholesale Funding:

509,448

64,805

224,232

389,198

510,159

66,831

219,178

384,769

8

Operational Deposits

66,864

33,452

64,500

32,254

9

Other wholesale funding

442,584

64,805

224,232

355,746

445,659

66,831

219,178

352,515

10

Liabilities with matching interdependent assets

11,957

13,178

11

Other liabilities:

60,356

181,461

4,797

5,728

60,968

170,720

4,608

5,526

12

NSFR derivative liabilities

13

All other liabilities and equity not included in the

above categories

60,356

181,461

4,797

5,728

60,968

170,720

4,608

5,526

14

Total ASF

900,258

896,644

Required stable funding (RSF) item

15

Total NSFR high-quality liquid assets (HQLA)

33,980

32,349

16

Deposits held at other financial institutions for

operational purposes

14,886

7,645

13,844

7,117

17

Performing loans and securities:

70,998

272,571

55,569

539,434

614,507

63,460

278,270

57,106

529,760

602,220

18

Performing loans to financial institutions secured

by Level 1 HQLA or Level 2a HQLA

37,388

914

6,894

43,895

386

8,672

19

Performing loans to financial institutions secured

by Level 2b HQLA or non-HQLA and unsecured

performing loans to financial institutions

97,376

8,667

51,979

75,030

95,035

8,230

51,697

74,371

20

Performing loans to non-financial corporate

clients, loans to retail and small business

customers, and loans to sovereigns, central banks

and PSEs, of which:

924

109,297

23,264

157,198

188,211

933

110,818

19,854

155,283

186,129

21

With a risk weight of less than or equal to 35%

under the standardised approach for credit risk

924

25,230

550

2,220

3,026

933

24,281

572

2,212

3,073

22

Performing residential mortgages, of which:

24,711

19,436

302,438

257,444

24,463

24,646

296,999

253,755

23

With a risk weight of less than or equal to 35%

under the standardised approach for credit risk

18,420

15,262

233,308

191,519

17,835

19,167

232,763

191,296

24

Securities that are not in default and do not qualify

as HQLA, including exchange-traded equities

70,074

3,798

3,289

27,819

86,928

62,527

4,059

3,990

25,781

79,294

25

Assets with matching interdependent liabilities

11,957

13,178

26

Other assets:

41,963

85,033

208

143,888

120,783

41,394

87,659

248

137,064

119,797

27

Physical traded commodities, including gold

328

279

268

228

28

Assets posted as initial margin for derivative

contracts and contributions to default funds of

CCPs

40,907

1

34,771

41,293

1

35,099

29

NSFR derivative assets

8,684

1

8,684

7,894

1

7,894

30

NSFR derivative liabilities before deduction of

variation margin posted

78,589

1

15,718

70,744

1

14,149

31

All other assets not included in the above

categories

41,635

85,033

208

15,708

61,331

41,126

87,659

248

17,132

62,426

32

Off-balance sheet items

34,232

13,593

77,688

5,564

34,783

12,462

73,818

5,312

33

Total RSF

782,479

766,795

34

Net stable funding ratio (%)

115.05

116.93

1 The ≥ 1 year maturity bucket includes balances for which differentiation by maturity is not required.



30 June 2026 Pillar 3 Report |

UBS Group | Liquidity and funding 55

Asset encumbrance

Semi-annual |

The ENC table below provides a breakdown of on- and off-balance sheet assets between encumbered assets,

central bank facilities and unencumbered assets. The table is based on the regulatory scope of consolidation.

Excluding assets positioned at central banks, assets are presented as encumbered if they have been pledged as collateral

against an existing liability or are otherwise not available for securing additional funding. Assets pledged as collateral

mainly include assets pledged for securities financing transactions, derivative transactions or financial guarantees, and

mortgage loans, which serve as collateral against loans from Swiss mortgage institutions and US Federal Home Loan

Banks or issued covered bonds. Assets otherwise not available for securing additional funding mainly include assets

protected under client asset segregation rules and assets held in certain jurisdictions to comply with explicit minimum

local asset maintenance requirements.

Central bank facilities represent assets in use or remain available to secure transactions in a central bank facility. These

assets are positioned as collateral with central banks and mainly secure undrawn credit lines for payment, clearing and

settlement purposes, as well as undrawn contingency funding facilities.

All other assets are presented as unencumbered. This category consists of cash and securities readily realizable in the

normal course of business, which include our HQLA and unencumbered positions in our trading portfolio, and other

realizable assets that are not intended for obtaining secured funding in the normal course of business, but may be

considered potential sources of liquidity to meet medium- or longer-term funding needs, such as loans and advances to

customers and banks, as well as certain non-financial assets. Unencumbered assets that are considered to be available to

secure funding at the legal-entity level may be subject to restrictions that limit the total amount of assets available to the

Group as a whole. Assets that cannot be pledged as collateral represent assets that by their nature are not considered

available to secure funding or meet collateral needs.

Compared with 31 December 2025, encumbered on-balance sheet assets decreased by USD 3.2bn to USD 189.5bn,

primarily due to sales of equities in the Investment Bank, partly offset by an increase in loans pledged as collateral.

Encumbered off-balance sheet assets increased by USD 106.7bn to USD 621.5bn, mainly due to higher client activity

levels driving non-cash collateral demand in the Investment Bank, along with increased securities financing transactions

and market-making activity in Group Treasury. Total central bank facilities were largely unchanged at USD 59.0bn. The

USD 2.4bn increase in off-balance sheet central bank facilities was largely offset by a USD 2.0bn decrease in on-balance

sheet central bank facilities, mainly reflecting collateral optimization in Group Treasury and an increase in mortgage loans

pledged with the Federal Reserve Bank of New York. Total unencumbered on-balance sheet assets increased by

USD 92.2bn to USD 1,453.4bn, primarily driven by a USD 77.0bn increase from financial assets measured at fair value

through profit or loss, mainly reflecting the positive effect of new derivative trades, as well as mark-to-market valuation

effects from equity and foreign currency derivative contracts, and client-driven increases in trading assets, brokerage

receivables and cash collateral receivables on derivative instruments in the Investment Bank. Unencumbered off-balance

sheet assets increased by USD 14.6bn to USD 158.6bn, mainly driven by higher security collateral borrowing to support

client loan demand in the Investment Bank.

›

Refer to the “CC2: Reconciliation of accounting balance sheet to balance sheet under the regulatory scope of consolidation” table

in the “Going and gone concern requirements and eligible capital” section of this report for more information about the

reconciliation of the balance sheet under IFRS Accounting Standards to the balance sheet according to the regulatory scope of

consolidation

30 June 2026 Pillar 3 Report |

UBS Group | Liquidity and funding 56

ENC: Asset encumbrance

USD m

Encumbered assets excluding central bank

facilities

Central bank

facilities

Unencumbered assets

Total Group

of which

assets

pledged

as collateral

of which

assets

otherwise

restricted and

not available

to secure

funding

Total

encumbered

assets

of which

unencumbered

assets

of which

assets that

cannot be

pledged as

collateral

Total

unencumbered

assets

Balance sheet

Cash and balances at central banks

1,011

1

296

1,307

214,410

2

214,410

215,716

Amounts due from banks

2,784

2,784

18,088

18,088

20,872

Receivables from securities financing transactions measured

at amortized cost

83,541

83,541

83,541

Cash collateral receivables on derivative instruments

9,910

9,910

41,405

41,405

51,314

Loans and advances to customers

74,093

3

2

74,095

21,948

566,922

566,922

662,965

Other financial assets measured at amortized cost

10,774

4

5,323

5

16,097

9,938

36,489

9,625

46,113

72,149

Total financial assets measured at amortized cost

85,878

18,314

104,192

31,887

835,908

134,571

970,480

1,106,558

Financial assets at fair value held for trading

75,281

4

172

75,453

19

103,731

103,731

179,203

Derivative financial instruments

193,171

193,171

193,171

Brokerage receivables

44,704

44,704

44,704

Financial assets at fair value not held for trading

5,214

4

2,776

7,991

9,262

49,804

24,217

74,021

91,274

Total financial assets measured at fair value through

profit or loss

80,495

2,948

83,443

9,281

153,535

262,092

415,628

508,352

Financial assets measured at fair value through other

comprehensive income

123

1,717

1,840

99

12,518

12,518

14,457

Non-financial assets

30,878

23,935

54,813

54,813

Total balance sheet assets as of 30 June 2026

166,496

22,979

189,476

41,266

1,032,840

6

420,599

1,453,438

1,684,180

Total balance sheet assets as of 31 December 2025

170,391

22,249

192,640

43,255

1,003,894

6

357,310

1,361,204

1,597,100

Off-balance sheet

Fair value of securities accepted as collateral

as of 30 June 2026

607,289

14,211

621,500

17,735

158,617

158,617

797,853

Fair value of securities accepted as collateral

as of 31 December 2025

499,186

15,638

514,824

15,319

144,002

144,002

674,146

1 Predominantly reflects assets pledged to the depositor protection system in Switzerland. 2 Includes cash placed at central banks to meet local statutory minimum reserve requirements (30 June 2026: USD 13.3bn;

31 December 2025: USD 14.6bn). 3 Mortgage loans that serve as collateral against outstanding loans from Swiss mortgage institutions, US Federal Home Loan Banks and issued covered bonds. 4 Includes assets

pledged as collateral that may be sold or repledged by counterparties. 5 Mainly includes cash collateral provided to exchanges and clearing houses to secure securities trading activity through those counterparties.

6 Includes high-quality liquid assets (30 June 2026: USD 337.3bn; 31 December 2025: USD 328.2bn).



30 June 2026 Pillar 3 Report |

UBS Group | Requirements for global systemically important banks and related indicators 57

Requirements for global systemically important banks

and related indicators

GSIB1: Disclosure of G-SIB indicators

Semi-annual |

The Financial Stability Board (the FSB) has determined that UBS is a global systemically important bank (a G-SIB),

using an indicator-based methodology adopted by the Basel Committee on Banking Supervision (the BCBS). Banks that

qualify as G-SIBs are required to disclose 13 high-level indicators annually for assessing the systemic importance of G-SIBs

as defined by the BCBS. These indicators are used for the G-SIB score calculation and cover five categories: size, cross-

jurisdictional activity, interconnectedness, substitutability / financial institution infrastructure, and complexity.

In November 2025, the FSB, in consultation with the BCBS and national authorities, published the 2025 list of G-SIBs.

Based on the published indicators, G-SIBs are subject to additional common equity tier 1 (CET1) capital buffer

requirements in a range from 1.0% to 3.5%. In November 2025, the FSB confirmed that, based on the 31 December

2024 indicators, the additional CET1 capital buffer requirement for the UBS Group will remain at 1.5%. As our Swiss

systemically relevant bank (SRB) Basel III capital requirements remain above the BCBS requirements, including the G-SIB

buffer, we are not affected by these additional G-SIB requirements.

The BCBS introduced a leverage ratio buffer for G-SIBs as a part of the finalization of the Basel III framework announced

in December 2017. The leverage ratio buffer is set at 50% of risk-weighted higher-loss absorbency requirements. In

Switzerland, the amendments to the Capital Adequacy Ordinance that incorporate the final Basel III standards into Swiss

law entered into force on 1 January 2025. As our Swiss SRB requirements remain above the BCBS requirements, these

changes did not increase our requirements.

Our G-SIB indicators as of 31 December 2025 were published in June 2026 under “Pillar 3 disclosures” at

ubs.com/investors

.



30 June 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | Introduction 58

Significant regulated subsidiaries

and sub-groups

Introduction

Scope of disclosures in these sections

The sections below include capital and other regulatory information as of 30 June 2026 for UBS AG consolidated, UBS AG

standalone, UBS Switzerland AG standalone, UBS Europe SE consolidated and UBS Americas Holding LLC consolidated.

Capital information in the following sections is based on Pillar 1 capital requirements. Entities may be subject to significant

additional Pillar 2 requirements, which represent additional amounts of capital considered necessary and are agreed with

regulators based on the risk profile of the respective entity.

UBS AG consolidated

Key metrics for the second quarter of 2026

Quarterly |

The table below is based on the Swiss Financial Market Supervisory Authority (FINMA) Ordinance on the Disclosure

Obligations of Banks and Securities Firms (DisO-FINMA) rules and IFRS Accounting Standards.

During the second quarter of 2026, tier 1 capital increased by USD 0.7bn to USD 94.8bn. Common equity tier 1 (CET1)

capital increased by USD 0.8bn to USD 71.6bn, mainly driven by operating profit before tax of USD 2.9bn, partly offset

by additional dividend accruals of USD 1.8bn, current tax expenses of USD 0.5bn and negative foreign currency

translation effects of USD 0.3bn. Additional tier 1 (AT1) capital issued by the Group and on lent to UBS AG decreased by

USD 0.1bn to USD 23.1bn, reflecting the redemption of USD 1.5bn of AT1 capital instruments and negative impacts from

interest rate risk hedge, foreign currency translation and other effects, largely offset by the issuance of new AT1 capital

instruments equivalent to USD 1.5bn.

Risk-weighted assets (RWA) increased by USD 3.0bn to USD 500.4bn, driven by a USD 6.0bn increase resulting from asset

size and other movements, partly offset by a USD 1.8bn decrease from currency effects and USD 1.2bn from model

updates and methodology changes.

The leverage ratio denominator (the LRD) decreased by USD 5.3bn to USD 1,650.1bn, mainly due to a USD 9.3bn

decrease from currency effects, partly offset by a USD 4.1bn increase from asset size and other movements. The asset

size movement was mainly due to increases in trading assets, lending assets and off-balance sheet exposures. These

increases were partly offset by decreases in derivative exposures and cash and balances at central banks.

Correspondingly, the CET1 capital ratio of UBS AG consolidated increased to 14.3% from 14.2%, reflecting the

aforementioned increase in CET1 capital, partly offset by the aforementioned increase in RWA. The Basel III leverage ratio

was broadly stable at 5.7%.

30 June 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | UBS AG consolidated 59

The quarterly average liquidity coverage ratio of UBS AG consolidated was largely unchanged at 172.5%, remaining

above the prudential requirement communicated by FINMA. Average net cash outflows increased by USD 4.5bn to

USD 198.4bn, primarily reflecting lower inflows from lending assets and securities financing transactions. The effect of

the increase in net cash outflows was offset by a USD 7.8bn increase in average high-quality liquid assets to USD 342.0bn,

mainly reflecting higher cash available due to increases in customer deposits, debt issued and net brokerage payables,

partly offset by lower cash available from funding of lending assets, margin requirements and dividend payment to

UBS Group AG, as well as a decrease in securities financing transactions.

As of 30 June 2026, the net stable funding ratio of UBS AG consolidated decreased 1.4 percentage points to 114.7%,

remaining above the prudential requirement communicated by FINMA. Available stable funding increased by USD 5.3bn

to USD 892.7bn, mainly driven by an increase in debt issued designated at fair value, partly offset by the tenor roll down

of TLAC-eligible senior unsecured debt instruments on lent from UBS Group AG. Required stable funding increased by

USD 14.1bn to USD 778.4bn, mainly driven by higher trading assets and lending assets.

KM1: Key metrics

USD m, except where indicated

30.6.26

31.3.26

31.12.25

30.9.25

30.6.25

Available capital (amounts)

1

Common Equity Tier 1 (CET1)

71,637

70,867

70,394

71,460

69,829

2

Tier 1

94,780

94,129

89,993

91,425

88,485

3

Total capital

94,783

94,139

90,018

91,425

88,485

Risk-weighted assets (amounts)

4

Total risk-weighted assets (RWA)

500,420

497,433

489,775

502,425

498,327

4a

Total risk-weighted assets (pre-floor)

500,420

497,433

489,775

502,425

498,327

4b

Minimum capital requirement

1

40,034

39,795

39,182

40,194

39,866

Risk-based capital ratios as a percentage of RWA

5

Common equity tier 1 ratio (%)

14.32

14.25

14.37

14.22

14.01

5b

Common equity tier 1 ratio (%) (pre-floor)

14.32

14.25

14.37

14.22

14.01

6

Tier 1 ratio (%)

18.94

18.92

18.37

18.20

17.76

6b

Tier 1 ratio (%) (pre-floor)

18.94

18.92

18.37

18.20

17.76

7

Total capital ratio (%)

18.94

18.92

18.38

18.20

17.76

7b

Total capital ratio (%) (pre-floor)

18.94

18.92

18.38

18.20

17.76

Additional CET1 buffer requirements as a percentage of RWA

8

Capital conservation buffer requirement (%)

2.50

2.50

2.50

2.50

2.50

9

Countercyclical buffer requirement (%)

0.12

0.11

0.11

0.11

0.13

9a

Additional countercyclical buffer for Swiss mortgage loans (%)

0.34

0.33

0.39

0.33

0.34

10

Bank G-SIB and / or D-SIB additional requirements (%)

2

11

Total of bank CET1 specific buffer requirements (%)

3

2.62

2.61

2.61

2.61

2.63

12

CET1 available after meeting the bank’s minimum capital requirements (%)

4

9.82

9.75

9.87

9.72

9.51

Basel III leverage ratio

13

Total Basel III leverage ratio exposure measure

1,650,139

1,655,400

1,622,921

1,642,843

1,660,097

14

Basel III leverage ratio (%) (including the impact of any applicable temporary

exemption of central bank reserves)

5

5.74

5.69

5.55

5.57

5.33

14b

Basel III leverage ratio (%) (excluding the impact of any applicable

temporary exemption of central bank reserves)

5.74

5.69

5.55

5.57

5.33

14c

Basel III leverage ratio (%) (including the impact of any applicable temporary

exemption of central bank reserves) incorporating mean values for SFT

assets

5

5.72

5.68

5.51

5.55

5.34

14d

Basel III leverage ratio (%) (excluding the impact of any applicable

temporary exemption of central bank reserves) incorporating mean values for

SFT assets

5.72

5.68

5.51

5.55

5.34

14e

Minimum capital requirements

6

49,504

49,662

48,688

49,285

49,803

Liquidity coverage ratio (LCR)

7

15

Total high-quality liquid assets (HQLA)

341,984

334,144

331,745

346,734

358,940

16

Total net cash outflow

198,399

193,898

188,446

193,817

200,107

16a

of which: cash outflows

435,505

425,438

398,805

393,826

390,719

16b

of which: cash inflows

237,106

231,541

210,360

200,009

190,613

17

LCR (%)

172.46

172.39

176.24

178.96

179.45

Net stable funding ratio (NSFR)

18

Total available stable funding

892,675

887,341

873,515

887,444

892,381

19

Total required stable funding

778,394

764,273

755,278

748,303

738,056

20

NSFR (%)

114.68

116.10

115.65

118.59

120.91

1 Calculated as 8% of total RWA, based on total capital minimum requirements, excluding CET1 buffer requirements. 2 Swiss SRB going and gone concern requirements and information for UBS AG consolidated

are provided below in this section. 3 Excludes non-BCBS capital buffer requirements for risk-weighted positions that are directly or indirectly backed by residential properties in Switzerland. 4 Represents the CET1

ratio that is available to meet buffer requirements. Calculated as the CET1 ratio minus the BCBS CET1 capital requirement and, where applicable, minus the BCBS tier 2 capital requirement met with CET1 capital.

5 There is currently no temporary exemption of central bank reserves for UBS. 6 The higher of capital requirements based on 8% of RWA or 3% of LRD. 7 Calculated after the application of haircuts and inflow

and outflow rates, as well as, where applicable, caps on Level 2 assets and cash inflows. Calculated based on an average of 60 data points in the second quarter of 2026 and 62 data points in the first quarter of

2026. For the prior-quarter data points, refer to the respective Pillar 3 Report, available under “Pillar 3 disclosures” at ubs.com/investors, for more information.



30 June 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | UBS AG consolidated 60

Swiss systemically relevant bank going and gone concern requirements and information

Quarterly |

The tables below provide details of the Swiss systemically relevant bank RWA- and LRD-based going and gone

concern requirements and information as required by FINMA; details regarding eligible gone concern instruments are

also provided below.

Outstanding total loss-absorbing capacity-eligible unsecured debt instruments are eligible to meet gone concern

requirements until one year before maturity.

More information about the going and gone concern requirements is provided in the “Total loss-absorbing capacity”

section of the UBS AG Annual Report 2025, available under “Annual reporting” at

ubs.com/investors

.

Swiss SRB going and gone concern requirements and information

As of 30.6.26

RWA

LRD

USD m, except where indicated

in %

in %

Required going concern capital

Total going concern capital

15.21

1

76,128

5.08

1

83,785

Common equity tier 1 capital

10.84

2

54,262

3.58

3

59,032

of which: minimum capital

4.50

22,519

1.50

24,752

of which: buffer capital

5.72

28,604

2.08

34,240

of which: countercyclical buffer

0.45

2,273

Maximum additional tier 1 capital

4.37

2

21,866

1.50

24,752

of which: additional tier 1 capital

3.50

17,515

1.50

24,752

of which: additional tier 1 buffer capital

0.80

4,003

Eligible going concern capital

Total going concern capital

18.94

94,780

5.74

94,780

Common equity tier 1 capital

14.32

71,637

4.34

71,637

Total loss-absorbing additional tier 1 capital

4.62

4

23,144

1.40

23,144

of which: high-trigger loss-absorbing additional tier 1 capital

4.62

23,144

1.40

23,144

Required gone concern capital

Total gone concern loss-absorbing capacity

5,6,7

10.89

54,481

3.81

62,808

of which: base requirement including add-ons for market share and LRD

10.89

8

54,481

3.81

8

62,808

Eligible gone concern capital

Total gone concern loss-absorbing capacity

9

18.74

93,760

5.68

93,760

TLAC-eligible unsecured debt

18.74

93,757

5.68

93,757

Total loss-absorbing capacity

Required total loss-absorbing capacity

26.10

130,609

8.88

146,593

Eligible total loss-absorbing capacity

37.68

188,540

11.43

188,540

Risk-weighted assets / leverage ratio denominator

Risk-weighted assets

500,420

Leverage ratio denominator

1,650,139

1 Includes applicable add-ons of 1.90% for risk-weighted assets (RWA) and 0.58% for leverage ratio denominator (LRD). For the RWA -based requirement the add-on includes 0.86% for market share, 0.79% for

LRD, 0.23% reflecting a Pillar 2 capital add-on for the residual exposure (after collateral mitigation) to hedge funds, private equity and family offices, effective 1 January 2025, and 1 basis point reflecting a Pillar 2

capital add-on of USD 40m related to the supply chain finance funds matter at Credit Suisse. For the LRD-based requirement the add-on includes 0.30% for market share and 0.28% for LRD. 2 Includes the Pillar 2

add-on for the residual exposure (after collateral mitigation) to hedge funds, private equity and family offices of 0.17% for CET1 capital and 0.07% for AT1 capital, effective 1 January 2025. For AT1 capital under

Pillar 1 requirements a maximum of 4.3% of AT1 capital can be used to meet going concern requirements; 4.37% includes the aforementioned Pillar 2 capital add-on. 3 Our CET1 leverage ratio requirement of

3.58% consists of a 1.5% base requirement, a 1.5% base buffer capital requirement, a 0.28% LRD add-on requirement and a 0.30% market share add-on requirement based on our Swiss credit business. 4 UBS

meets its minimum going concern capital requirements with CET1 capital and AT1 capital. As UBS exceeds its minimum going concern requirements, the actual available and eligible AT1 capital is above the AT1

capital used to meet the minimum requirements (which is capped at 4.37% as explained in footnote 2 above). 5 A maximum of 25% of the gone concern requirements can be met with instruments that have a

remaining maturity of between one and two years. Once at least 75% of the minimum gone concern requirement has been met with instruments that have a remaining maturity of greater than two years, all instruments

that have a remaining maturity of between one and two years remain eligible to be included in the total gone concern capital. 6 Systemically important banks (SIBs) are subject to base gone concern capital

requirements equivalent to 75% of the total going concern requirements (excluding countercyclical buffer requirements and the Pillar 2 add-ons). 7 FINMA has the authority to impose a surcharge of up to 25% of

the total going concern capital requirements (excluding countercyclical buffer requirements and the Pillar 2 add-ons) should obstacles to an SIB’s resolvability be identified in future resolvability assessments. 8 Includes

applicable add-ons of 1.24% for RWA and 0.43% for LRD. 9 Includes an add-back of 45% of unrealized gains from financial assets measured at fair value through other comprehensive income. Such gains do not

qualify as CET1 capital, but 45% of these gains can be recognized as gone concern capital.

30 June 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | UBS AG consolidated 61

Swiss SRB going and gone concern information

USD m, except where indicated

30.6.26

31.3.26

31.12.25

Eligible going concern capital

Total going concern capital

94,780

94,129

89,993

Total tier 1 capital

94,780

94,129

89,993

Common equity tier 1 capital

71,637

70,867

70,394

Total loss-absorbing additional tier 1 capital

23,144

23,262

19,600

of which: high-trigger loss-absorbing additional tier 1 capital

23,144

23,262

19,600

of which: low-trigger loss-absorbing additional tier 1 capital

Eligible gone concern capital

Total gone concern loss-absorbing capacity

1

93,760

96,717

90,164

TLAC-eligible unsecured debt

93,757

96,707

90,139

Total loss-absorbing capacity

Total loss-absorbing capacity

188,540

190,846

180,157

Risk-weighted assets / leverage ratio denominator

Risk-weighted assets

500,420

497,433

489,775

Leverage ratio denominator

1,650,139

1,655,400

1,622,921

Capital and loss-absorbing capacity ratios (%)

Going concern capital ratio

18.9

18.9

18.4

of which: common equity tier 1 capital ratio

14.3

14.2

14.4

Gone concern loss-absorbing capacity ratio

18.7

19.4

18.4

Total loss-absorbing capacity ratio

37.7

38.4

36.8

Leverage ratios (%)

Going concern leverage ratio

5.7

5.7

5.5

of which: common equity tier 1 leverage ratio

4.3

4.3

4.3

Gone concern leverage ratio

5.7

5.8

5.6

Total loss-absorbing capacity leverage ratio

11.4

11.5

11.1

1 Includes an add-back of 45% of unrealized gains from financial assets measured at fair value through other comprehensive income. Such gains do not qualify as CET1 capital, but 45% of these gains can be

recognized as gone concern capital.



UBS AG standalone

Key metrics for the second quarter of 2026

Quarterly |

The table below is based on the Swiss Financial Market Supervisory Authority (FINMA) Ordinance on the Disclosure

Obligations of Banks and Securities Firms (DisO-FINMA) rules and IFRS Accounting Standards.

During the second quarter of 2026, tier 1 capital increased by USD 2.7bn to USD 99.4bn. Common equity tier 1 (CET1)

capital increased by USD 2.8bn to USD 76.3bn, mainly driven by operating profit before tax of USD 5.0bn, partly offset

by additional dividend accruals of USD 1.8bn. Additional tier 1 (AT1) capital issued by the Group and on lent to UBS AG

decreased by USD 0.1bn to USD 23.1bn, reflecting the redemption of USD 1.5bn of AT1 capital instruments and negative

impacts from interest rate risk hedge, foreign currency translation and other effects, largely offset by the issuance of new

AT1 capital instruments equivalent to USD 1.5bn.

Risk-weighted assets (RWA) increased by USD 2.7bn to USD 510.7bn, primarily due to an increase in market risk RWA in

Group Treasury from hedging activities, partly offset by decreases in credit and counterparty credit risk RWA and RWA on

investments in subsidiaries.

The leverage ratio denominator (the LRD) increased by USD 4.3bn to USD 931.8bn, driven by a USD 7.8bn increase from

asset size and other movements, partly offset by a USD 3.6bn decrease from currency effects. The asset size movement

was mainly driven by increases in trading assets, securities financing transactions, high-quality liquid asset (HQLA)

portfolio securities and off-balance sheet exposures. These increases were partly offset by decreases in cash and balances

at central banks, derivatives exposures, and lending assets.

Correspondingly, the CET1 capital ratio of UBS AG standalone increased to 14.9% from 14.5%, reflecting the

aforementioned increase in CET1 capital, partly offset by the aforementioned increase in RWA. The Basel III leverage ratio

increased to 10.7% from 10.4%, reflecting the aforementioned increase in tier 1 capital, partly offset by the

aforementioned increase in the LRD.

30 June 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | UBS AG standalone 62

The quarterly average liquidity coverage ratio (the LCR) of UBS AG standalone decreased 14.3 percentage points to

216.9%, remaining above the prudential requirement communicated by FINMA. The movement in the quarterly average

LCR was primarily driven by a USD 3.9bn increase in average net cash outflows to USD 71.3bn, mainly reflecting lower

net inflows from securities financing transactions and intercompany funding, and higher net cash outflows from debt

issued at fair value, partly offset by lower outflows from customer deposits. Average HQLA decreased by USD 1.3bn to

USD 154.5bn, mainly reflecting lower cash available from higher funding to UBS Switzerland AG, lower funding from

UBS Group AG and lower customer deposits, partly offset by higher cash proceeds from debt issued measured at

amortized cost and lower lending assets.

As of 30 June 2026, the net stable funding ratio of UBS AG standalone was largely unchanged at 90.8%, remaining

above the prudential requirement communicated by FINMA. Available stable funding increased by USD 9.4bn to

USD 406.9bn, mainly driven by an increase in debt issued designated at fair value and higher regulatory capital, partly

offset by the tenor roll down of TLAC-eligible senior unsecured debt instruments on lent from UBS Group AG. Required

stable funding increased by USD 13.5bn to USD 448.0bn, mainly driven by higher trading assets.

KM1: Key metrics

USD m, except where indicated

30.6.26

31.3.26

31.12.25

30.9.25

30.6.25

Available capital (amounts)

1

Common Equity Tier 1 (CET1)

76,259

73,478

74,108

73,384

73,178

2

Tier 1

99,403

96,741

93,707

93,349

91,834

3

Total capital

99,406

96,750

93,731

93,349

91,834

Risk-weighted assets (amounts)

1

4

Total risk-weighted assets (RWA)

510,735

508,053

491,583

517,929

516,479

4a

Total risk-weighted assets (pre-floor)

510,735

508,053

491,583

517,929

516,479

4b

Minimum capital requirement

2

40,859

40,644

39,327

41,434

41,318

Risk-based capital ratios as a percentage of RWA

1

5

Common equity tier 1 ratio (%)

14.93

14.46

15.08

14.17

14.17

5b

Common equity tier 1 ratio (%) (pre-floor)

14.93

14.46

15.08

14.17

14.17

6

Tier 1 ratio (%)

19.46

19.04

19.06

18.02

17.78

6b

Tier 1 ratio (%) (pre-floor)

19.46

19.04

19.06

18.02

17.78

7

Total capital ratio (%)

19.46

19.04

19.07

18.02

17.78

7b

Total capital ratio (%) (pre-floor)

19.46

19.04

19.07

18.02

17.78

Additional CET1 buffer requirements as a percentage of RWA

8

Capital conservation buffer requirement (%)

2.50

2.50

2.50

2.50

2.50

9

Countercyclical buffer requirement (%)

0.11

0.11

0.12

0.14

0.15

9a

Additional countercyclical buffer for Swiss mortgage loans (%)

0.00

0.00

0.00

10

Bank G-SIB and / or D-SIB additional requirements (%)

3

11

Total of bank CET1 specific buffer requirements (%)

4

2.61

2.61

2.62

2.64

2.65

12

CET1 available after meeting the bank’s minimum capital requirements (%)

5

10.43

9.96

10.58

9.67

9.67

Basel III leverage ratio

13

Total Basel III leverage ratio exposure measure

931,761

927,504

929,979

952,112

964,000

14

Basel III leverage ratio (%) (including the impact of any applicable temporary

exemption of central bank reserves)

6

10.67

10.43

10.08

9.80

9.53

14b

Basel III leverage ratio (%) (excluding the impact of any applicable

temporary exemption of central bank reserves)

10.67

10.43

10.08

9.80

9.53

14c

Basel III leverage ratio (%) (including the impact of any applicable temporary

exemption of central bank reserves) incorporating mean values for SFT

assets

6

10.60

10.37

9.96

9.72

9.56

14d

Basel III leverage ratio (%) (excluding the impact of any applicable

temporary exemption of central bank reserves) incorporating mean values for

SFT assets

10.60

10.37

9.96

9.72

9.56

14e

Minimum capital requirements

7

40,859

40,644

39,327

41,434

41,318

Liquidity coverage ratio (LCR)

8

15

Total high-quality liquid assets (HQLA)

154,468

155,764

149,309

162,513

177,434

16

Total net cash outflow

71,304

67,431

63,723

67,644

75,720

16a

of which: cash outflows

273,944

264,467

249,107

244,306

248,255

16b

of which: cash inflows

202,639

197,036

185,384

176,662

172,535

17

LCR (%)

216.88

231.18

234.90

240.93

235.52

Net stable funding ratio (NSFR)

9

18

Total available stable funding

406,905

397,527

404,842

419,024

421,323

19

Total required stable funding

448,027

434,500

446,475

435,582

435,547

20

NSFR (%)

90.82

91.49

90.68

96.20

96.73

1 Based on phase-in rules for RWA. Refer to “Swiss systemically relevant bank going and gone concern requirements and information” below for more information. 2 Calculated as 8% of total RWA, based on total

capital minimum requirements, excluding CET1 buffer requirements. 3 Swiss SRB going and gone concern requirements and information for UBS AG standalone are provided below in this section. 4 Excludes non-

BCBS capital buffer requirements for risk-weighted positions that are directly or indirectly backed by residential properties in Switzerland. 5 Represents the CET1 ratio that is available to meet buffer requirements.

Calculated as the CET1 ratio minus the BCBS CET1 capital requirement and, where applicable, minus the BCBS tier 2 capital requirement met with CET1 capital. 6 There is currently no temporary exemption of

central bank reserves for UBS. 7 The higher of capital requirements based on 8% of RWA or 3% of LRD. 8 Calculated after the application of haircuts and inflow and outflow rates, as well as, where applicable,

caps on Level 2 assets and cash inflows. Calculated based on an average of 60 data points in the second quarter of 2026 and 62 data points in the first quarter of 2026. For the prior-quarter data points, refer to the

respective Pillar 3 Report, available under “Pillar 3 disclosures” at ubs.com/investors, for more information. 9 In accordance with Art. 17h para. 3 and 4 of the Liquidity Ordinance, UBS AG standalone is required to

maintain a minimum NSFR of at least 80% without taking into account excess funding of UBS Switzerland AG and 100% after taking into account such excess funding.



30 June 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | UBS AG standalone 63

Swiss systemically relevant bank going and gone concern requirements and information

Quarterly |

The tables below provide details of the Swiss systemically relevant bank RWA- and LRD-based going and gone

concern requirements and information as required by FINMA; details regarding eligible gone concern instruments are

also provided below.

UBS AG standalone is subject to a gone concern capital requirement based on the sum of: (i) the nominal value of the

gone concern instruments issued by UBS entities and held by the parent firm; (ii) 75% of the going concern capital

requirements resulting from third-party exposure on a standalone basis; and (iii) a buffer requirement equal to 30% of

the Group’s gone concern capital requirement on UBS AG’s consolidated exposure. The gone concern capital requirement

is the higher of the RWA- and LRD-based requirements, calculated separately. The gone concern capital coverage ratio

reflects how much gone concern capital is available to meet the gone concern requirement. Outstanding total loss-

absorbing capacity-eligible unsecured debt instruments are eligible to meet gone concern requirements until one year

before maturity.

More information about the going and gone concern requirements is provided in the “UBS AG standalone” section of

the 31 December 2025 Pillar 3 Report, available under “Pillar 3 disclosures” at

ubs.com/investors

.

Swiss SRB going and gone concern requirements and information

As of 30.6.26

RWA, phase-in

RWA, fully applied as of 1.1.28

1

LRD

USD m, except where indicated

in %

in %

in %

Required going concern capital

Total going concern capital

14.85

2

75,835

14.84

2

78,851

5.08

2

47,327

Common equity tier 1 capital

10.48

3

53,545

10.48

3

55,674

3.58

33,350

of which: minimum capital

4.50

22,983

4.50

23,911

1.50

13,976

of which: buffer capital

5.72

29,194

5.72

30,373

2.08

19,334

of which: countercyclical buffer

0.11

548

0.11

571

Maximum additional tier 1 capital

4.36

3

22,290

4.36

3

23,177

1.50

13,976

of which: additional tier 1 capital

3.50

17,876

3.50

18,598

1.50

13,976

of which: additional tier 1 buffer capital

0.80

4,086

0.80

4,251

Eligible going concern capital

Total going concern capital

19.46

99,403

18.71

99,403

10.67

99,403

Common equity tier 1 capital

14.93

76,259

14.35

76,259

8.18

76,259

Total loss-absorbing additional tier 1 capital

4.53

4

23,144

4.36

23,144

2.48

23,144

of which: high-trigger loss-absorbing additional tier 1 capital

4.53

23,144

4.36

23,144

2.48

23,144

Risk-weighted assets / leverage ratio denominator

Risk-weighted assets

510,735

531,360

Leverage ratio denominator

931,761

Required gone concern capital

5

Higher of RWA- or LRD-based

Total gone concern loss-absorbing capacity

78,826

Eligible gone concern capital

Total gone concern loss-absorbing capacity

6

93,759

TLAC-eligible unsecured debt

93,757

Gone concern capital coverage ratio

118.94

1 Fully applied relates to participation RWA. Direct and indirect investments including holding of regulatory capital instruments in Switzerland-domiciled subsidiaries and for direct and indirect investments including

holding of regulatory capital instruments in foreign-domiciled subsidiaries are risk weighted at 240% and 360%, respectively, for the current year. As per current rules, risk weights will gradually increase by 5 percentage

points per year for Switzerland-domiciled investments and 20 percentage points per year for foreign-domiciled investments until the fully applied risk weights of 250% and 400%, respectively, are applied. 2 Includes

applicable add-ons of 1.88% for risk-weighted assets (RWA, phase-in), 1.87% for risk-weighted assets (RWA, fully applied) and 0.58% for leverage ratio denominator (LRD). For the RWA-based requirement the add-

on includes 0.86% for market share, 0.79% for LRD and 1 basis point for RWA phase-in and 1 basis point for RWA fully applied reflecting a Pillar 2 capital add-on of USD 40m related to the supply chain finance

funds matter at Credit Suisse. An additional 22 basis points for RWA phase-in and 21 basis points for RWA fully applied reflect a Pillar 2 capital add-on for the residual exposure (after collateral mitigation) to hedge

funds, private equity and family offices, effective 1 January 2025. For the LRD-based requirement the add-on includes 0.30% for market share and 0.28% for LRD. 3 Includes the Pillar 2 add-on for the residual

exposure (after collateral mitigation) to hedge funds, private equity and family offices of 0.15% for CET1 capital and 0.06% for AT1 capital for RWA phase-in and 0.15% for CET1 capital and 0.06% for AT1 capital

for RWA fully applied, effective 1 January 2025. For AT1 capital under Pillar 1 requirements a maximum of 4.3% of AT1 capital can be used to meet going concern requirements; 4.36% for RWA phase-in and 4.36%

for RWA fully applied include the aforementioned Pillar 2 capital add-on. 4 UBS meets its minimum going concern capital requirements with CET1 capital and AT1 capital. As UBS exceeds its minimum going concern

requirements, the actual available and eligible AT1 capital is above the AT1 capital used to meet the minimum requirements (which is capped at 4.36% as explained in footnote 3 above). 5 A maximum of 25% of

the gone concern requirements can be met with instruments that have a remaining maturity of between one and two years. Once at least 75% of the minimum gone concern requirement has been met with instruments

that have a remaining maturity of greater than two years, all instruments that have a remaining maturity of between one and two years remain eligible to be included in the total gone concern capital. 6 Includes an

add-back of 45% of unrealized gains from financial assets measured at fair value through other comprehensive income. Such gains do not qualify as CET1 capital, but 45% of these gains can be recognized as gone

concern capital.

30 June 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | UBS AG standalone 64

Swiss SRB going and gone concern information

USD m, except where indicated

30.6.26

31.3.26

31.12.25

Eligible going concern capital

Total going concern capital

99,403

96,741

93,707

Total tier 1 capital

99,403

96,741

93,707

Common equity tier 1 capital

76,259

73,478

74,108

Total loss-absorbing additional tier 1 capital

23,144

23,262

19,600

of which: high-trigger loss-absorbing additional tier 1 capital

23,144

23,262

19,600

Eligible gone concern capital

Total gone concern loss-absorbing capacity

1

93,759

96,717

90,163

TLAC-eligible unsecured debt

93,757

96,707

90,139

Total loss-absorbing capacity

Total loss-absorbing capacity

193,162

193,458

183,870

Denominators for going and gone concern ratios

Risk-weighted assets, phase-in

510,735

508,053

491,583

of which: investments in Switzerland-domiciled subsidiaries

2

93,706

94,561

91,598

of which: investments in foreign-domiciled subsidiaries

2

150,491

150,476

144,200

Risk-weighted assets, fully applied as of 1.1.28

531,360

528,712

522,876

of which: investments in Switzerland-domiciled subsidiaries

2

97,610

98,501

97,444

of which: investments in foreign-domiciled subsidiaries

2

167,212

167,196

169,647

Leverage ratio denominator

931,761

927,504

929,979

Capital and loss-absorbing capacity ratios (%)

Going concern capital ratio, phase-in

19.5

19.0

19.1

of which: common equity tier 1 capital ratio, phase-in

14.9

14.5

15.1

Going concern capital ratio, fully applied as of 1.1.28

18.7

18.3

17.9

of which: common equity tier 1 capital ratio, fully applied as of 1.1.28

14.4

13.9

14.2

Leverage ratios (%)

Going concern leverage ratio

10.7

10.4

10.1

of which: common equity tier 1 leverage ratio

8.2

7.9

8.0

Capital coverage ratio (%)

Gone concern capital coverage ratio

118.9

122.3

115.4

1 Includes an add-back of 45% of unrealized gains from financial assets measured at fair value through other comprehensive income. Such gains do not qualify as CET1 capital, but 45% of these gains can be

recognized as gone concern capital. 2 Fully applied relates to participation RWA. Direct and indirect investments including holding of regulatory capital instruments in Switzerland-domiciled subsidiaries and for direct

and indirect investments including holding of regulatory capital instruments in foreign-domiciled subsidiaries are risk weighted at 240% and 360%, respectively, for the current year. As per current rules, risk weights

will gradually increase by 5 percentage points per year for Switzerland-domiciled investments and 20 percentage points per year for foreign-domiciled investments until the fully applied risk weights of 250% and

400%, respectively, are applied.



UBS Switzerland AG standalone

Key metrics for the second quarter of 2026

Quarterly |

The table below is based on the Swiss Financial Market Supervisory Authority (FINMA) Ordinance on the Disclosure

Obligations of Banks and Securities Firms (DisO-FINMA) rules and IFRS Accounting Standards.

During the second quarter of 2026, common equity tier 1 capital increased by CHF 0.4bn to CHF 21.8bn, mainly driven

by operating profit, partly offset by additional dividend accruals.

Total risk-weighted assets (RWA) increased by CHF 2.0bn to CHF 173.8bn, mainly driven by an increase in credit risk and

counterparty credit risk RWA.

The leverage ratio denominator (the LRD) increased by CHF 8.5bn to CHF 572.9bn, primarily reflecting higher cash and

balances at central banks, loan commitments, and derivative exposures.

30 June 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | UBS Switzerland AG standalone 65

The quarterly average liquidity coverage ratio (the LCR) of UBS Switzerland AG increased 3.3 percentage points to

134.2%, remaining above the prudential requirement communicated by FINMA. The movement in the quarterly average

LCR was primarily driven by a CHF 6.6bn increase in average high-quality liquid assets to CHF 117.1bn, mainly reflecting

higher cash available from higher customer deposits and funding from UBS AG, partly offset by lower cash available from

an increase in lending assets. Average net cash outflows increased by CHF 2.9bn to CHF 87.3bn, mainly due to higher

outflows from customer deposits and securities financing transactions.

As of 30 June 2026, the net stable funding ratio of UBS Switzerland AG was stable at 124.2%, remaining above the

prudential requirement communicated by FINMA. Available stable funding increased by CHF 4.9bn to CHF 372.7bn,

mainly driven by higher customer deposits. Required stable funding increased by CHF 4.1bn to CHF 300.1bn, mainly due

to an increase in lending assets.

KM1: Key metrics

CHF m, except where indicated

30.6.26

31.3.26

31.12.25

30.9.25

30.6.25

Available capital (amounts)

1

Common Equity Tier 1 (CET1)

21,766

21,393

21,188

21,527

21,470

2

Tier 1

30,260

29,887

29,182

29,520

29,463

3

Total capital

30,260

29,887

29,182

29,520

29,463

Risk-weighted assets (amounts)

4

Total risk-weighted assets (RWA)

173,765

171,755

164,062

168,223

168,701

4a

Total risk-weighted assets (pre-floor)

165,476

164,327

152,624

154,370

151,470

4b

Minimum capital requirement

1

13,901

13,740

13,125

13,458

13,496

Risk-based capital ratios as a percentage of RWA

5

Common equity tier 1 ratio (%)

12.53

12.46

12.91

12.80

12.73

5b

Common equity tier 1 ratio (%) (pre-floor)

13.15

13.02

13.88

13.95

14.17

6

Tier 1 ratio (%)

17.41

17.40

17.79

17.55

17.46

6b

Tier 1 ratio (%) (pre-floor)

18.29

18.19

19.12

19.12

19.45

7

Total capital ratio (%)

17.41

17.40

17.79

17.55

17.46

7b

Total capital ratio (%) (pre-floor)

18.29

18.19

19.12

19.12

19.45

Additional CET1 buffer requirements as a percentage of RWA

8

Capital conservation buffer requirement (%)

2.50

2.50

2.50

2.50

2.50

9

Countercyclical buffer requirement (%)

0.05

0.05

0.05

0.06

0.07

9a

Additional countercyclical buffer for Swiss mortgage loans (%)

0.80

0.80

0.91

0.82

0.83

10

Bank G-SIB and / or D-SIB additional requirements (%)

11

Total of bank CET1 specific buffer requirements (%)

2

2.55

2.55

2.55

2.56

2.57

12

CET1 available after meeting the bank’s minimum capital requirements (%)

3

8.03

7.96

8.41

8.30

8.23

Basel III leverage ratio

13

Total Basel III leverage ratio exposure measure

572,918

564,403

538,262

547,805

549,690

14

Basel III leverage ratio (%) (including the impact of any applicable temporary

exemption of central bank reserves)

4

5.28

5.30

5.42

5.39

5.36

14b

Basel III leverage ratio (%) (excluding the impact of any applicable

temporary exemption of central bank reserves)

5.28

5.30

5.42

5.39

5.36

14c

Basel III leverage ratio (%) (including the impact of any applicable temporary

exemption of central bank reserves) incorporating mean values for SFT

assets

4

5.28

5.29

5.41

5.39

5.34

14d

Basel III leverage ratio (%) (excluding the impact of any applicable

temporary exemption of central bank reserves) incorporating mean values for

SFT assets

5.28

5.29

5.41

5.39

5.34

14e

Minimum capital requirements

5

17,188

16,932

16,148

16,434

16,491

Liquidity coverage ratio (LCR)

6

15

Total high-quality liquid assets (HQLA)

117,113

110,485

115,181

116,430

111,945

16

Total net cash outflow

87,268

84,375

87,315

83,009

81,142

16a

of which: cash outflows

120,442

118,652

119,321

113,942

110,217

16b

of which: cash inflows

33,174

34,277

32,006

30,933

29,074

17

LCR (%)

134.22

130.97

132.00

140.37

138.05

Net stable funding ratio (NSFR)

7

18

Total available stable funding

372,715

367,805

356,977

351,349

354,633

19

Total required stable funding

300,056

295,923

285,045

278,806

275,862

20

NSFR (%)

124.21

124.29

125.24

126.02

128.55

1 Calculated as 8% of total RWA, based on total capital minimum requirements, excluding CET1 buffer requirements. 2 Excludes non-BCBS capital buffer requirements for risk-weighted positions that are directly

or indirectly backed by residential properties in Switzerland. 3 Represents the CET1 ratio that is available to meet buffer requirements. Calculated as the CET1 ratio minus the BCBS CET1 capital requirement and,

where applicable, minus the BCBS tier 2 capital requirement met with CET1 capital. 4 There is currently no temporary exemption of central bank reserves for UBS. 5 The higher of capital requirements based on

8% of RWA or 3% of LRD. 6 Calculated after the application of haircuts and inflow and outflow rates, as well as, where applicable, caps on Level 2 assets and cash inflows. Calculated based on an average of

60 data points in the second quarter of 2026 and 62 data points in the first quarter of 2026. For the prior-quarter data points, refer to the respective Pillar 3 Report, available under “Pillar 3 disclosures” at

ubs.com/investors, for more information. 7 UBS Switzerland AG is required to maintain a minimum NSFR of at least 100% on an ongoing basis, as set out in Art. 17h para. 1 of the Liquidity Ordinance. A portion of

the excess funding is used to fulfill the NSFR requirement of UBS AG standalone.



30 June 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | UBS Switzerland AG standalone 66

Swiss systemically relevant bank going and gone concern requirements and information

Quarterly |

The tables below provide details of the Swiss systemically relevant bank (SRB) RWA- and LRD-based going and

gone concern requirements and information as required by FINMA; details regarding eligible gone concern instruments

are also provided below.

UBS Switzerland AG is considered an SRB under Swiss banking law and is subject to capital regulations on a standalone

basis. As of 30 June 2026, the going concern capital and leverage ratio requirements for UBS Switzerland AG standalone

were 15.37% (including a countercyclical buffer of 0.85%) and 5.08%, respectively.

The Swiss SRB framework and going concern requirements applicable to UBS Switzerland AG standalone are the same

as those applicable to UBS Group AG consolidated. The gone concern requirement corresponds to 62% of the Group’s

going concern requirements, excluding the countercyclical buffer requirements and Pillar 2 add-ons. Outstanding total

loss-absorbing capacity-eligible unsecured debt instruments are eligible to meet gone concern requirements until one

year before maturity.

The gone concern requirements were 9.00% for the RWA-based requirement and 3.15% for the LRD-based requirement.

›

Refer to “Capital and capital ratios of our significant regulated subsidiaries” in the “Capital management” section of the UBS

Group Annual Report 2025, available under “Annual reporting” at

ubs.com/investors

, for more information about the joint

liability of UBS AG and UBS Switzerland AG

Swiss SRB going and gone concern requirements and information

As of 30.6.26

RWA

LRD

CHF m, except where indicated

in %

in %

Required going concern capital

Total going concern capital

15.37

1

26,703

5.08

1

29,076

Common equity tier 1 capital

11.07

19,231

3.58

20,482

of which: minimum capital

4.50

7,819

1.50

8,594

of which: buffer capital

5.72

9,932

2.08

11,888

of which: countercyclical buffer

0.85

1,479

Maximum additional tier 1 capital

4.30

7,472

1.50

8,594

of which: additional tier 1 capital

3.50

6,082

1.50

8,594

of which: additional tier 1 buffer capital

0.80

1,390

Eligible going concern capital

Total going concern capital

17.41

30,260

5.28

30,260

Common equity tier 1 capital

12.53

21,766

3.80

21,766

Total loss-absorbing additional tier 1 capital

4.89

2

8,494

1.48

8,494

of which: high-trigger loss-absorbing additional tier 1 capital

4.89

8,494

1.48

8,494

Required gone concern capital

3

Total gone concern loss-absorbing capacity

9.00

15,639

3.15

18,027

of which: base requirement including add-ons for market share and LRD

9.00

4

15,639

3.15

4

18,027

Eligible gone concern capital

Total gone concern loss-absorbing capacity

11.20

19,465

3.40

19,465

TLAC-eligible unsecured debt

11.20

19,465

3.40

19,465

Total loss-absorbing capacity

Required total loss-absorbing capacity

24.37

42,341

8.22

47,102

Eligible total loss-absorbing capacity

28.62

49,725

8.68

49,725

Risk-weighted assets / leverage ratio denominator

Risk-weighted assets

173,765

Leverage ratio denominator

572,918

1 Includes applicable add-ons of 1.66% for risk-weighted assets (RWA) and 0.58% for leverage ratio denominator (LRD). 2 UBS meets its minimum going concern capital requirements with CET1 capital and AT1

capital. As UBS exceeds its minimum going concern capital requirements, the actual available and eligible AT1 capital is above the AT1 capital used to meet the minimum requirements (which is capped at 4.3%).

3 A maximum of 25% of the gone concern requirements can be met with instruments that have a remaining maturity of between one and two years. Once at least 75% of the minimum gone concern requirement

has been met with instruments that have a remaining maturity of greater than two years, all instruments that have a remaining maturity of between one and two years remain eligible to be included in the total gone

concern capital. 4 Includes applicable add-ons of 1.03% for RWA and 0.36% for LRD.

30 June 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | UBS Switzerland AG standalone 67

Swiss SRB going and gone concern information

CHF m, except where indicated

30.6.26

31.3.26

31.12.25

Eligible going concern capital

Total going concern capital

30,260

29,887

29,182

Total tier 1 capital

30,260

29,887

29,182

Common equity tier 1 capital

21,766

21,393

21,188

Total loss-absorbing additional tier 1 capital

8,494

8,494

7,994

of which: high-trigger loss-absorbing additional tier 1 capital

8,494

8,494

7,994

Eligible gone concern capital

Total gone concern loss-absorbing capacity

19,465

19,455

19,147

TLAC-eligible unsecured debt

19,465

19,455

19,147

Total loss-absorbing capacity

Total loss-absorbing capacity

49,725

49,342

48,329

Risk-weighted assets / leverage ratio denominator

Risk-weighted assets

173,765

171,755

164,062

Leverage ratio denominator

572,918

564,403

538,262

Capital and loss-absorbing capacity ratios (%)

Going concern capital ratio

17.4

17.4

17.8

of which: common equity tier 1 capital ratio

12.5

12.5

12.9

Gone concern loss-absorbing capacity ratio

11.2

11.3

11.7

Total loss-absorbing capacity ratio

28.6

28.7

29.5

Leverage ratios (%)

Going concern leverage ratio

5.3

5.3

5.4

of which: common equity tier 1 leverage ratio

3.8

3.8

3.9

Gone concern leverage ratio

3.4

3.4

3.6

Total loss-absorbing capacity leverage ratio

8.7

8.7

9.0



30 June 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | UBS Europe SE consolidated 68

UBS Europe SE consolidated

Key metrics for the second quarter of 2026

Quarterly |

The table below provides information about the regulatory capital components, capital ratios, leverage ratio and

liquidity of UBS Europe SE consolidated based on Basel Committee on Banking Supervision Pillar 1 requirements and in

accordance with EU regulatory rules and IFRS Accounting Standards.

During the second quarter of 2026, available capital increased by EUR 0.2bn to EUR 3.9bn, primarily due to the issuance

of a new additional tier 1 (AT1) instrument and the recognition of the profit that is eligible as common equity tier 1

(CET1) capital as a result of the audit of the financial results, partially offset by CET1 capital repatriation to UBS AG. Risk-

weighted assets (RWA) decreased by EUR 0.6bn to EUR 16.0bn, mainly driven by a decrease in cash, derivative exposures

and credit valuation adjustment, partly offset by increases in loan facilities and market risk RWA. The leverage ratio

exposure decreased by EUR 3.8bn to EUR 60.3bn, mainly driven by lower over-the-counter derivatives replacement costs,

securities financing transactions, cash balances at central banks and decreases in nostro balances and trading assets.

The average liquidity coverage ratio (the LCR) remained well above the regulatory requirement of 100%, at 136.6%. The

movement in the quarterly average LCR was driven by a parallel increase of EUR 0.5bn

in total net cash outflows and an

increase of EUR 0.5bn in high-quality liquid assets. The net stable funding ratio (the NSFR) remained well above the

regulatory requirements of 100%, at 122.7%. The decrease in the NSFR was due to a EUR 1.8bn decrease in available

stable funding, driven by the repayment of long-term intercompany funding, as a result of lower Investment Bank funding

usage.

KM1: Key metrics

1,2

EUR m, except where indicated

30.6.26

31.3.26

3

31.12.25

30.9.25

30.6.25

Available capital (amounts)

1

Common Equity Tier 1 (CET1)

3,040

3,097

3,109

2,973

2,995

2

Tier 1

3,940

3,697

3,709

3,573

3,595

3

Total capital

3,940

3,697

3,709

3,573

3,595

Risk-weighted assets (amounts)

4

Total risk-weighted assets (RWA)

15,992

16,572

15,926

15,917

14,625

4a

Total risk-weighted assets (RWA) (pre-floor)

15,992

16,572

15,926

15,917

14,625

4b

Minimum capital requirement

4

1,279

1,326

1,274

1,273

1,170

Risk-based capital ratios as a percentage of RWA

5

CET1 ratio (%)

19.0

18.7

19.5

18.7

20.5

5b

CET1 ratio (%) (pre-floor)

19.0

18.7

19.5

18.7

20.5

6

Tier 1 ratio (%)

24.6

22.3

23.3

22.4

24.6

6b

Tier 1 ratio (%) (pre-floor)

24.6

22.3

23.3

22.4

24.6

7

Total capital ratio (%)

24.6

22.3

23.3

22.4

24.6

7b

Total capital ratio (%) (pre-floor)

24.6

22.3

23.3

22.4

24.6

Additional CET1 buffer requirements as a percentage of RWA

8

Capital conservation buffer requirement (%)

2.5

2.5

2.5

2.5

2.5

9

Countercyclical buffer requirement (%)

0.7

0.7

0.7

0.7

0.7

10

Bank G-SIB and / or D-SIB additional requirements (%)

11

Total of bank CET1 specific buffer requirements (%)

3.2

3.2

3.2

3.2

3.2

12

CET1 available after meeting the bank’s minimum capital requirements (%)

5

14.5

14.2

15.0

14.2

16.0

Basel III leverage ratio

13

Total Basel III leverage ratio exposure measure

60,274

64,032

55,952

55,681

61,706

14

Basel III leverage ratio (%) (including the impact of any applicable temporary

exemption of central bank reserves)

6,7

6.5

5.8

6.6

6.4

5.8

14b

Basel III leverage ratio (%) (excluding the impact of any applicable

temporary exemption of central bank reserves)

6.5

5.8

6.6

6.4

5.8

14e

Minimum capital requirements

8

1,808

1,921

1,679

1,670

1,851

Liquidity coverage ratio (LCR)

9

15

Total high-quality liquid assets (HQLA)

21,807

21,321

21,013

21,360

20,038

16

Total net cash outflow

15,997

15,539

14,883

15,155

14,469

17

LCR (%)

136.6

137.5

141.5

141.5

138.9

Net stable funding ratio (NSFR)

18

Total available stable funding

19,324

21,116

20,534

19,252

17,830

19

Total required stable funding

15,755

15,614

14,959

14,182

13,716

20

NSFR (%)

122.7

135.2

137.3

135.8

130.0

1 Based on applicable EU regulatory rules. 2 Row 9a of the FINMA template is applicable to the FINMA-regulated scope only and rows 14c and 14d have been removed because the EU does not require the disclosure

of mean values for SFTs. 3 Comparative figures have been restated to align with the regulatory reports as submitted to the European Central Bank. 4 Calculated as 8% of total RWA, based on total capital minimum

requirements, excluding CET1 buffer requirements. 5 Represents the CET1 ratio that is available for meeting buffer requirements. Calculated as the CET1 ratio minus the BCBS CET1 capital requirement and after

considering, where applicable, CET1 capital that has been used to meet tier 1 and / or total capital ratio requirements under Pillar 1. 6 Calculated on the basis of tier 1 capital. 7 There is currently no temporary

exemption of central bank reserves for UBS Europe SE. 8 The higher of capital requirements based on 8% of RWA or 3% of LRD. 9 Figures are calculated based on a 12

‑

month average.



30 June 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | UBS Americas Holding LLC consolidated 69

UBS Americas Holding LLC consolidated

Key metrics for the second quarter of 2026

Quarterly |

The table below is based on Basel Committee on Banking Supervision Pillar 1 requirements and in accordance

with US Basel III rules and generally accepted accounting principles in the US (US GAAP).

Effective 1 October 2025 until 2027, UBS Americas Holding LLC is subject to a stress capital buffer (an SCB) of 5.2%, in

addition to the minimum risk-based capital requirements. The SCB, subject to a floor of 2.5%, was determined by the

Federal Reserve Board following the completion of the 2025 Comprehensive Capital Analysis and Review (the CCAR)

based on Dodd–Frank Act Stress Test (DFAST) results and planned future dividends.

During the second quarter of 2026, the common equity tier 1 (CET1) capital ratio decreased 1.7 percentage points to

16.5%, and the tier 1 capital ratio decreased 1.8 percentage points to 20.0%. Both CET1 capital and tier 1 capital

decreased by USD 0.6bn, due to dividend paid in the second quarter of 2026, partly offset by net profit. Risk-weighted

assets (RWA) increased by USD 4.0bn to USD 81.0bn, driven by a USD 3.2bn increase in credit risk RWA, mainly in

derivatives, loans and undrawn commitments. In addition, there was a USD 0.8bn increase in market risk RWA, mainly

due to an increase in value-at-risk (VaR) and stressed VaR.

The tier 1 leverage ratio decreased 0.5 percentage points to 8.0%, primarily driven by the aforementioned capital

movements and a USD 4.0bn increase in leverage exposure. Similarly, the tier 1 supplementary leverage ratio (the SLR)

decreased 0.7 percentage points to 6.7%, primarily driven by the aforementioned capital movements and a USD 13.8bn

increase in the SLR exposure driven by increases in average assets and derivative exposures.

The average liquidity coverage ratio increased 3.1 percentage points to 124.0%, as high-quality liquid assets increased

by USD 2.0bn and net cash outflow by USD 1.0bn. The average net stable funding ratio increased 3.5 percentage points

to 129.9% in the second quarter of 2026, driven by a USD 2.5bn increase in available stable funding, which was primarily

due to an increase in long-term borrowing from UBS AG.

KM1: Key metrics

1

USD m, except where indicated

30.6.26

31.3.26

31.12.25

30.9.25

30.6.25

Available capital (amounts)

1

Common Equity Tier 1 (CET1)

13,406

14,021

13,696

17,161

16,152

2

Tier 1

16,248

16,855

16,521

19,984

18,974

3

Total capital

16,464

17,064

16,723

20,185

19,164

Risk-weighted assets (amounts)

4

Total risk-weighted assets (RWA)

81,043

77,052

75,654

81,477

77,244

4b

Minimum capital requirement

2

6,483

6,164

6,052

6,518

6,180

Risk-based capital ratios as a percentage of RWA

5

CET1 ratio (%)

16.5

18.2

18.1

21.1

20.9

6

Tier 1 ratio (%)

20.0

21.9

21.8

24.5

24.6

7

Total capital ratio (%)

20.3

22.1

22.1

24.8

24.8

Additional CET1 buffer requirements as a percentage of RWA

8

BCBS capital conservation buffer requirement (%)

2.5

2.5

2.5

2.5

2.5

8a

US stress capital buffer requirement (%)

5.2

5.2

5.2

9.3

9.3

9

Countercyclical buffer requirement (%)

10

Bank G-SIB and / or D-SIB additional requirements (%)

11

BCBS total of bank CET1 specific buffer requirements (%)

2.5

2.5

2.5

2.5

2.5

11a

US total bank specific capital buffer requirements (%)

5.2

5.2

5.2

9.3

9.3

12

CET1 available after meeting the bank’s minimum capital requirements (%)

3

12.0

13.7

13.6

16.6

16.4

Basel III leverage ratio

13

Total Basel III leverage ratio exposure measure

4

203,926

199,896

198,104

195,030

199,196

14

Basel III leverage ratio (%)

5

8.0

8.4

8.3

10.2

9.5

14a

Total Basel III supplementary leverage ratio exposure measure

4

241,737

227,971

232,902

229,768

231,603

14b

Basel III supplementary leverage ratio (%)

5

6.7

7.4

7.1

8.7

8.2

Liquidity coverage ratio (LCR)

15

Total high-quality liquid assets (HQLA)

4

30,622

28,660

27,879

27,496

28,951

16

Total net cash outflow

4,6

24,705

23,710

21,883

21,365

22,639

17

LCR (%)

124.0

120.9

127.4

128.7

127.9

Net stable funding ratio (NSFR)

18

Total available stable funding

4

105,094

102,609

102,550

102,169

104,867

19

Total required stable funding

4,6

80,923

81,173

80,535

79,425

78,978

20

NSFR (%)

129.9

126.4

127.3

128.6

132.8

1 As the final Basel III standards have not been implemented in the US, rows that are not applicable have been removed from the FINMA template. 2 Calculated as 8% of total RWA, based on total minimum capital

requirements, excluding CET1 buffer requirements. 3 Represents the CET1 ratio that is available to meet buffer requirements. Calculated as the CET1 ratio minus the BCBS CET1 capital requirement and, where

applicable, minus the BCBS additional tier 1 and tier 2 capital requirements met with CET1 capital. 4 Figures are calculated on a quarterly average. 5 Calculated on the basis of tier 1 capital. 6 Reflected at 85%

of the full amount in accordance with the Federal Reserve tailoring rule.



30 June 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | UBS Americas Holding LLC consolidated 70

Material sub-group entity – creditor ranking at legal entity level

Semi-annual |

The TLAC2 table below provides an overview of the creditor ranking structure of UBS Americas Holding LLC on

a standalone basis.

As of 30 June 2026, UBS Americas Holding LLC had a total loss-absorbing capacity (TLAC) of USD 24.0bn after regulatory

capital deductions and adjustments. This amount included tier 1 capital of USD 16.2bn and USD 7.8bn of internal long-

term debt that is eligible as internal TLAC issued to UBS AG, a wholly owned subsidiary of the UBS Group AG resolution

entity.

TLAC2: Material sub-group entity – creditor ranking at legal entity level

As of 30.6.26

Creditor ranking

Total

USD m

1

2

3

4

1

Is the resolution entity the creditor / investor?

No

No

No

No

2

Description of creditor ranking

Common Equity

(most junior)

1

Preferred Shares

(Additional tier 1)

Subordinated

debt

Unsecured loans and

other pari passu

liabilities (most senior)

3

Total capital and liabilities net of credit risk mitigation

22,063

2,900

33,172

58,135

4

Subset of row 3 that are excluded liabilities

0

0

5

Total capital and liabilities less excluded liabilities (row 3 minus row 4)

22,063

2,900

33,172

58,135

6

Subset of row 5 that are eligible as TLAC

22,063

2,900

7,800

32,763

7

Subset of row 6 with 1 year ≤ residual maturity < 2 years

0

8

Subset of row 6 with 2 years ≤ residual maturity < 5 years

4,700

4,700

9

Subset of row 6 with 5 years ≤ residual maturity < 10 years

3,100

3,100

10

Subset of row 6 with residual maturity ≥ 10 years, but excluded perpetual

securities

0

11

Subset of row 6 that is perpetual securities

22,063

2,900

24,963

1 Equity attributable to shareholders, which includes share premium and reserves.



30 June 2026 Pillar 3 Report |

Appendix 71

Appendix

Abbreviations frequently used in our financial reports

A

ABS asset-backed securities

AG Aktiengesellschaft

AGM Annual General Meeting of

shareholders

AI artificial intelligence

A-IRB advanced internal ratings-

based

ALCO Asset and Liability

Committee

AMA advanced measurement

approach

AML anti-money laundering

AoA Articles of Association

APM alternative performance

measure

ARR alternative reference rate

ARS auction rate securities

ASF available stable funding

AT1 additional tier 1

AuM assets under management

B

BCBS Basel Committee on

Banking Supervision

BIS Bank for International

Settlements

BoD Board of Directors

C

CAO Capital Adequacy

Ordinance

CCAR Comprehensive Capital

Analysis and Review

CCF credit conversion factor

CCP central counterparty

CCR counterparty credit risk

CCRC Corporate Culture and

Responsibility Committee

CDS credit default swap

CEO Chief Executive Officer

CET1 common equity tier 1

CFO Chief Financial Officer

CGU cash-generating unit

CHF Swiss franc

CIO Chief Investment Office

CORC Compliance and

Operational Risk Control

CRM credit risk mitigation

CRO Chief Risk Officer

CST combined stress test

CUSIP Committee on Uniform

Security Identification

Procedures

CVA credit valuation adjustment

D

DBO defined benefit obligation

DCCP Deferred Contingent

Capital Plan

DFAST Dodd–Frank Act Stress Test

DisO-FINMA FINMA Ordinance on the

Disclosure Obligations of

Banks and Securities Firms

DM discount margin

DOJ US Department of Justice

DTA deferred tax asset

DVA debit valuation adjustment

E

EAD exposure at default

EB Executive Board

EC European Commission

ECB European Central Bank

ECL expected credit loss

EGM Extraordinary General

Meeting of shareholders

EIR effective interest rate

EL expected loss

EMEA Europe, Middle East and

Africa

EOP Equity Ownership Plan

EPS earnings per share

ESG environmental, social and

governance

ETD exchange-traded derivatives

ETF exchange-traded fund

EU European Union

EUR euro

EURIBOR Euro Interbank Offered Rate

EVE economic value of equity

EY Ernst & Young Ltd

F

FCA UK Financial Conduct

Authority

FDIC Federal Deposit Insurance

Corporation

FINMA Swiss Financial Market

Supervisory Authority

FMIA Swiss Financial Market

Infrastructure Act

FRTB Fundamental Review of the

Trading Book

FSB Financial Stability Board

FTA Swiss Federal Tax

Administration

FVA funding valuation

adjustment

FVOCI fair value through other

comprehensive income

FVTPL fair value through profit or

loss

FX foreign exchange

G

GAAP generally accepted

accounting principles

GBP pound sterling

GDP gross domestic product

GEB Group Executive Board

GHG greenhouse gas

GCORC Group Compliance and

Operational Risk Control

GRI Global Reporting Initiative

G-SIB global systemically

important bank

H

HQLA

high-quality liquid assets

I

IAS International Accounting

Standards

IASB International Accounting

Standards Board

IBOR interbank offered rate

IFRIC International Financial

Reporting Interpretations

Committee

IFRS accounting standards

Accounting issued by the IASB

Standards

IRB internal ratings-based

IRRBB interest rate risk in the

banking book

ISDA International Swaps and

Derivatives Association

ISIN International Securities

Identification Number

30 June 2026 Pillar 3 Report |

Appendix 72

Abbreviations frequently used in our financial reports (continued)

K

KRT Key Risk Taker

L

LAS liquidity-adjusted stress

LCR liquidity coverage ratio

LGD loss given default

LIBOR London Interbank Offered

Rate

LLC limited liability company

LoD lines of defense

LRD leverage ratio denominator

LTIP Long-Term Incentive Plan

LTV loan-to-value

M

M&A mergers and acquisitions

MRT Material Risk Taker

N

NII net interest income

NSFR net stable funding ratio

NYSE New York Stock Exchange

O

OCA own credit adjustment

OCI other comprehensive

income

OECD Organisation for Economic

Co-operation and

Development

OTC over-the-counter

P

PCI purchased credit impaired

PD probability of default

PIT point in time

PPA purchase price allocation

Q

QCCP qualifying central

counterparty

R

RBC risk-based capital

RbM risk-based monitoring

REIT real estate investment trust

RMBS residential mortgage-

backed securities

RniV risks not in VaR

RoCET1 return on CET1 capital

RoU right-of-use

rTSR relative total shareholder

return

RWA risk-weighted assets

S

SA standardized approach or

société anonyme

SA-CCR standardized approach for

counterparty credit risk

SAR Special Administrative

Region of the People’s

Republic of China

SDG Sustainable Development

Goal

SEC US Securities and Exchange

Commission

SFT securities financing

transaction

SIBOR Singapore Interbank

Offered Rate

SICR significant increase in credit

risk

SIX SIX Swiss Exchange

SME small and medium-sized

entities

SMF Senior Management

Function

SNB Swiss National Bank

SOR Singapore Swap Offer Rate

SPPI solely payments of principal

and interest

SRB systemically relevant bank

SVaR stressed value-at-risk

T

TBTF too big to fail

TCFD Task Force on Climate-

related Financial Disclosures

TIBOR Tokyo Interbank Offered

Rate

TLAC total loss-absorbing capacity

TTC through the cycle

U

USD US dollar

V

VaR value-at-risk

VAT

value-added tax

This is a general list of the abbreviations frequently used in our financial reporting. Not all of the listed abbreviations may

appear in this particular report.

30 June 2026 Pillar 3 Report |

Appendix 73

Cautionary statement |

This report and the information contained herein are provided solely for information purposes and are not to be construed as solicitation

of an offer to buy or sell any securities or other financial instruments in Switzerland, the United States or any other jurisdiction. No investment decision relating

to securities of or relating to UBS Group AG, UBS AG or their affiliates should be made on the basis of this report. Refer to UBS’s most recent annual report on

Form 20-

F,

quarterly reports and other information furnished to or filed with the US Securities and Exchange Commission (the SEC) on Form 6-K, available at

ubs.com/investors

, for additional information.

Rounding |

Numbers presented throughout this report may not add up precisely to the totals provided in the tables and text. Percentages and percent changes

disclosed in text and tables are calculated on the basis of unrounded figures. Absolute changes between reporting periods disclosed in the text, which can be

derived from numbers presented in related tables, are calculated on a rounded basis.

Tables |

Within tables, blank fields generally indicate non-applicability or that presentation of any content would not be meaningful or that information is not

available as of the relevant date or for the relevant period. Zero values generally indicate that the respective figure is zero on an actual or rounded basis. Values

that are zero on a rounded basis can be either negative or positive on an actual basis.

Websites |

In this report, any website addresses are provided solely for information and are not intended to be active links. UBS does not incorporate the contents

of any such websites into this report.

UBS Group AG

P.O. Box

CH-8098 Zurich

ubs.com

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this

report to be signed on their behalf by the undersigned, thereunto duly authorized.

UBS Group AG

By: _/s/ David Kelly _____________

Name: David Kelly

Title: Managing Director

By: _/s/ Ella Copetti-Campi ______________

Name: Ella Copetti-Campi

Title: Executive Director

UBS AG

By: _/s/ David Kelly _____________

Name: David Kelly

Title: Managing Director

By: _/s/ Ella Copetti-Campi ______________

Name: Ella Copetti-Campi

Title: Executive Director

Date: August 14, 2026