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00:00After its collapse, losses of two consecutive quarters, UBS was able to turn into a profit,
00:07with the support of the bank's refunds following its acquisition of Credit Suisse.
00:14The bank acquired more than $300 billion in the first quarter of last year.
00:21In the past quarter, the bank's profits rose by about 80% annually,
00:26to $1.8 billion, compared to $121 million.
00:32The total revenues reached about $13 billion,
00:36which is also among the expectations that indicated the growth of revenues to $11 billion.
00:41When announcing the results of a bank, two main percentages are announced,
00:47which are the risk-oriented and the capital-oriented.
00:51But why?
00:53These two percentages measure the extent to which the bank can handle a financial crisis,
00:59a sudden financial crisis, or an economic shock.
01:03In 2008, after the global financial crisis,
01:07the Basel III Treaty was updated,
01:10and specific interest rates were set for these principles.
01:15The two percentages for the bank were higher than the specified percentage in Basel,
01:20especially the risk-oriented interest rates, which are almost double.
01:24The bank is somewhat protected from bankruptcy in the event of a sudden economic crisis,
01:29but it is not protected from the accumulation of losses in the event of a financial crisis.
01:36UBS asks Switzerland when it will continue to merge with Credit Suisse.
01:40The bank expects to continue to merge with the existing Credit Suisse branches in the United States
01:54in the second quarter of the current year and in Switzerland in the third quarter of the current year.
02:00As for the performance of Sam, it rose by more than 52% in 2023,
02:06but it witnessed a good start in the current year and rose by more than 8% since the beginning of the current year.
02:14These were the results of UBS Bank.