v3.26.1
Expected credit loss measurement
 6 Months Ended
Jun. 30, 2026
Disclosure Of Provision Matrix [Line Items]  
Expected credit loss measurement
Note 8
Expected credit loss measurement
a) Credit loss expense / release
Total net
credit loss
expenses in
the first
six months
of 2026
were USD
191
m, reflecting
USD
74
m net
expenses
related to performing positions and USD
117
m net expenses on credit-impaired positions.
Net expected
credit loss
expenses on
the performing
portfolio were
mainly driven
by post-model
adjustments of
USD
42
m in the corporate lending portfolio, mainly in the Investment
Bank, reflecting current macroeconomic and
geopolitical uncertainty.
Net
credit
loss
expenses
of
USD
117
m
were
recognized
for
credit-impaired
positions
and
included
a
USD
157
m
release following the repayment of a corporate lending exposure, of which
USD
85
m was in Non-core and Legacy
and USD
72
m in the Investment
Bank. The effect of
this release was more
than offset by net
credit loss expenses,
primarily
related
to
a
small
number
of
corporate
counterparties
across
Personal
&
Corporate
Banking,
the
Investment Bank and Non-core and Legacy.
Credit loss expense / (release)
Performing positions
Credit-impaired positions
USD m
Stages 1 and 2
Stage 3
Purchased
Total
Year-to-date 30.6.26
Global Wealth Management
(9)
16
0
7
Personal & Corporate Banking
24
122
1
147
Asset Management
0
0
0
0
Investment Bank
59
51
0
110
Non-core and Legacy
0
0
(74)
(74)
Group Items
1
0
0
1
Total
74
189
(73)
191
Year-to-date 30.6.25
Global Wealth Management
(10)
19
(1)
9
Personal & Corporate Banking
14
152
1
167
Asset Management
0
0
0
0
Investment Bank
14
69
0
83
Non-core and Legacy
0
(1)
6
6
Group Items
(1)
0
0
(1)
Total
17
239
7
263
b) Changes to ECL models, scenarios and scenario weights
Scenarios and scenario weights
The expected
credit loss
(ECL) scenarios,
along with
their related
macroeconomic factors
and market
data, were
reviewed in
light of
the economic
and political
conditions prevailing
in the
first half
of 2026
through a
series of
governance meetings, with
input and feedback
from UBS Risk
and Finance experts
across the business
divisions and
regions.
UBS kept the scenarios and scenario weights in
line with those applied in the UBS
Group Annual Report 2025. All
of the scenarios have been updated based on the latest macroeconomic forecasts as of 30 June 2026. The current
scenario suite, together with the
applied scenario weightings and the
level of post-model adjustments, is
deemed
appropriate to sufficiently capture prevailing macroeconomic and
geopolitical uncertainties. The assumptions on a
calendar-year basis are included in the table below.
The baseline
scenario was
updated with
the latest
macroeconomic forecasts
as of
30 June 2026.
Global growth
and inflation
forecasts have
been adjusted
to reflect
higher energy
prices and
related uncertainty.
However,
the
boom in
AI has
been providing
a meaningful
offset. In
the US,
growth is
expected to
be relatively
resilient, and
inflation is expected
to peak in
the second half
of 2026, reflecting
the lasting effects
of the conflict-related
pressure
in the supply chain. In the Eurozone the outlook is more challenging, with Germany and Italy particularly exposed.
Swiss GDP outlook is below trend, affected by the negative spillovers from the Eurozone.
Compared
with
the
January
2026
baseline,
US
GDP
growth
projections
for
2026
and
2027
have
been
revised
slightly upward. Stronger-than-expected economic performance in the beginning of
the year more than offset the
negative effects
of higher
energy
prices. In
the Eurozone
the Iran
conflict
has contributed
to lower
growth and
higher inflation, and in Switzerland GDP growth is also slightly weaker and inflation slightly higher in 2026 than in
the January baseline.
Equity forecasts for
2026 have been
revised upward across
developed economies. The
revision
for European stocks
reflects the improved
earnings outlook at
the beginning of
2026, while US
stocks have been
supported by strong
technology-sector results. Oil
price forecasts for
2026 and 2027
have been adjusted
upward
in 2026 and 2027 to reflect the situation in Iran.
The
downside
scenario
set
is
unchanged,
with
global
trade
war
remaining
the
binding
scenario
and
moderate
stagflation
crisis
the secondary
downside scenario.
While
the underlying
narratives
remain unchanged,
brent
oil
price assumptions
for 2026
and 2027
were recalibrated
to reflect
recent geopolitical
developments and
the ongoing
conflicts in the Middle East, resulting in a higher energy price profile.
Comparison of shock factors
Baseline
Key parameters
2025
2026
2027
Real GDP growth (annual percentage change)
US
2.1
2.2
2.1
Eurozone
1.5
0.8
1.2
Switzerland
1.4
1.1
1.1
Unemployment rate (%, annual average)
US
4.2
4.5
4.5
Eurozone
6.3
6.4
6.3
Switzerland
2.8
3.1
3.0
Fixed income: 10-year government bonds (%, Q4)
USD
4.2
4.5
4.5
EUR
2.9
2.9
3.0
CHF
0.3
0.3
0.4
Real estate (annual percentage change, Q4)
US
1.3
2.0
3.1
Eurozone
5.0
3.8
4.1
Switzerland
3.8
2.5
2.0
Economic scenarios and weights applied
Assigned weights in %
ECL scenario
30.6.26
31.12.25
30.6.25
Asset price appreciation
5.0
5.0
5.0
Baseline
50.0
50.0
50.0
Moderate stagflation crisis
30.0
30.0
0.0
Global trade war
15.0
15.0
0.0
Mild stagflation crisis
0.0
0.0
30.0
Global crisis
0.0
0.0
15.0
c) ECL-relevant balance sheet and off-balance sheet positions including ECL allowances and provisions
The following tables provide
information about financial instruments
and certain non-financial instruments
that are
subject
to
ECL
requirements.
For
amortized-cost
instruments,
the
carrying
amount
represents
the
maximum
exposure to credit
risk, taking into
account the allowance
for credit losses.
Financial assets measured
at fair value
through other comprehensive income (FVOCI) are
also subject to ECL; however, unlike amortized-cost
instruments,
the allowance for
credit losses for
FVOCI instruments does
not reduce the
carrying amount of
these financial assets.
Instead, the carrying
amount of financial
assets measured at
FVOCI represents the
maximum exposure to
credit risk.
In addition to recognized financial assets,
certain off-balance sheet financial instruments and
other credit lines are
also subject to
ECL. The maximum
exposure to credit
risk for off-balance
sheet financial instruments
is calculated
based on notional amounts.
ECL-relevant balance sheet and off-balance sheet positions
USD m
30.6.26
Carrying amount
1
ECL allowances
Financial instruments measured at amortized cost
Total
Stage 1
Stage 2
Stage 3
PCI
Total
Stage 1
Stage 2
Stage 3
PCI
2
Cash and balances at central banks
215,716
215,693
20
0
3
(90)
0
(29)
0
(61)
Amounts due from banks
20,963
20,795
163
5
0
(3)
0
(3)
0
0
Receivables from securities financing transactions measured at
amortized cost
83,553
83,553
0
0
0
(1)
(1)
0
0
0
Cash collateral receivables on derivative instruments
51,314
51,314
0
0
0
0
0
0
0
0
Loans and advances to customers
662,901
629,774
28,344
4,209
574
(2,510)
(364)
(286)
(1,648)
(212)
of which: Private clients with mortgages
287,595
273,949
11,978
1,601
67
(135)
(41)
(23)
(70)
(1)
of which: Real estate financing
93,064
85,357
7,292
379
35
(67)
(26)
(26)
(14)
(1)
of which: Large corporate clients
26,646
23,146
2,839
658
3
(666)
(103)
(101)
(346)
(116)
of which: SME clients
23,551
19,553
2,601
981
416
(1,119)
(92)
(86)
(886)
(54)
of which: Lombard
165,904
165,537
0
365
2
(57)
(5)
0
(47)
(5)
of which: Credit cards
2,535
1,934
550
51
0
(53)
(7)
(13)
(33)
0
of which: Commodity trade finance
5,498
4,726
772
0
0
(101)
(9)
0
(88)
(4)
of which: Ship / aircraft financing
9,077
8,139
869
69
0
(11)
(7)
(4)
0
0
of which: Consumer financing
2,994
2,740
121
86
46
(146)
(29)
(25)
(97)
4
Other financial assets measured at amortized cost
72,267
71,075
926
268
0
(141)
(31)
(15)
(91)
(3)
of which: Loans to financial advisors
2,947
2,806
48
93
0
(35)
(4)
(1)
(31)
0
Total financial assets measured at amortized cost
1,106,715
1,072,204
29,454
4,482
576
(2,746)
(397)
(333)
(1,739)
(277)
Financial assets measured at fair value through other comprehensive
income
14,517
14,517
0
0
0
0
0
0
0
0
Total on-balance sheet financial assets in scope of ECL requirements
1,121,232
1,086,721
29,454
4,482
576
(2,746)
(397)
(333)
(1,739)
(277)
Notional exposure
ECL provisions
Off-balance sheet (in scope of ECL)
Total
Stage 1
Stage 2
Stage 3
PCI
Total
Stage 1
Stage 2
Stage 3
PCI
2
Guarantees
44,497
41,980
2,348
164
4
(76)
(16)
(24)
(37)
0
of which: Large corporate clients
7,140
5,645
1,460
31
4
(21)
(8)
(7)
(6)
0
of which: SME clients
3,513
3,034
392
88
0
(41)
(4)
(15)
(22)
0
of which: Financial intermediaries and hedge funds
26,498
26,224
254
21
0
(1)
(1)
0
0
0
of which: Lombard
3,316
3,291
0
25
0
(2)
0
0
(2)
0
of which: Commodity trade finance
5
5
0
0
0
0
0
0
0
0
Irrevocable loan commitments
86,509
82,219
3,843
441
5
(293)
(119)
(83)
(88)
(3)
of which: Large corporate clients
48,757
45,152
3,269
331
5
(264)
(98)
(80)
(82)
(3)
Forward starting reverse repurchase and securities borrowing
agreements
9,806
9,806
0
0
0
0
0
0
0
0
Committed unconditionally revocable credit lines
54,536
50,673
3,739
124
0
(68)
(53)
(14)
0
0
of which: Real estate financing
6,733
5,461
1,272
0
0
(4)
(3)
(1)
0
0
of which: Large corporate clients
9,650
8,824
824
1
0
(13)
(8)
(4)
0
0
of which: SME clients
10,791
10,181
498
112
0
(33)
(25)
(7)
0
0
of which: Lombard
3
2,146
2,146
0
0
0
0
0
0
0
0
of which: Credit cards
12,800
12,158
638
3
0
(9)
(7)
(2)
0
0
Irrevocable committed prolongation of existing loans
8,620
8,603
15
2
0
(6)
(5)
(1)
0
0
Total off-balance sheet financial instruments and other credit lines
203,968
193,281
9,946
731
10
(443)
(192)
(122)
(125)
(3)
Total allowances and provisions
(3,189)
(589)
(456)
(1,864)
(280)
1 The carrying
amount of financial
assets measured at
amortized cost represents
the total gross
exposure net of
the respective ECL
allowances.
2 Positive
amounts in these
columns are representative
of a net
improvement in credit quality since the acquisition of the respective financial
instrument.
3 Committed unconditionally revocable credit lines decreased by USD
65.2
bn, primarily in Global Wealth Management and
mainly driven by certain Lombard
facilities becoming uncommitted either following
changes to certain contractual terms in
the course of client account
migrations or by a refinement
of UBS’s definition of a commitment.
ECL-relevant balance sheet and off-balance sheet positions
USD m
31.12.25
Carrying amount
1
ECL allowances
Financial instruments measured at amortized cost
Total
Stage 1
Stage 2
Stage 3
PCI
Total
Stage 1
Stage 2
Stage 3
PCI
2
Cash and balances at central banks
209,858
209,606
21
0
231
(81)
0
(29)
0
(52)
Amounts due from banks
19,649
19,525
124
0
0
(14)
(9)
(5)
0
0
Receivables from securities financing transactions measured at
amortized cost
83,656
83,656
0
0
0
(1)
(1)
0
0
0
Cash collateral receivables on derivative instruments
41,552
41,552
0
0
0
0
0
0
0
0
Loans and advances to customers
653,846
624,137
25,155
3,947
607
(2,490)
(353)
(271)
(1,629)
(237)
of which: Private clients with mortgages
287,424
276,377
9,599
1,400
49
(124)
(44)
(18)
(55)
(6)
of which: Real estate financing
92,334
86,954
5,261
111
8
(67)
(26)
(30)
(11)
0
of which: Large corporate clients
26,752
22,954
2,886
700
213
(762)
(116)
(94)
(413)
(139)
of which: SME clients
23,805
19,883
2,521
1,238
163
(1,068)
(80)
(81)
(872)
(36)
of which: Lombard
165,320
164,874
169
212
64
(64)
(6)
0
(27)
(31)
of which: Credit cards
2,408
1,860
501
47
0
(48)
(7)
(12)
(29)
0
of which: Commodity trade finance
4,849
3,570
1,274
5
0
(94)
(8)
0
(80)
(6)
of which: Ship / aircraft financing
8,753
7,609
1,025
119
0
(17)
(9)
(8)
0
0
of which: Consumer financing
2,966
2,677
130
92
67
(136)
(19)
(24)
(92)
0
Other financial assets measured at amortized cost
71,897
70,427
1,247
220
3
(124)
(29)
(9)
(86)
0
of which: Loans to financial advisors
2,716
2,567
53
95
0
(34)
(3)
(1)
(30)
0
Total financial assets measured at amortized cost
1,080,458
1,048,903
26,546
4,167
841
(2,711)
(392)
(314)
(1,715)
(289)
Financial assets measured at fair value through other comprehensive
income
13,868
13,868
0
0
0
0
0
0
0
0
Total on-balance sheet financial assets in scope of ECL requirements
1,094,326
1,062,771
26,546
4,167
841
(2,711)
(392)
(314)
(1,715)
(289)
Total exposure
ECL provisions
Off-balance sheet (in scope of ECL)
Total
Stage 1
Stage 2
Stage 3
PCI
Total
Stage 1
Stage 2
Stage 3
PCI
2
Guarantees
47,102
45,512
1,448
120
22
(50)
(15)
(22)
(13)
0
of which: Large corporate clients
7,388
6,446
916
17
9
(17)
(7)
(6)
(4)
0
of which: SME clients
3,134
2,834
228
67
5
(24)
(5)
(15)
(4)
0
of which: Financial intermediaries and hedge funds
29,411
29,288
123
0
0
(1)
(1)
0
0
0
of which: Lombard
3,537
3,505
1
31
0
(2)
0
0
(1)
0
of which: Commodity trade finance
2,252
2,152
100
0
0
(1)
(1)
0
0
0
Irrevocable loan commitments
82,122
77,976
3,938
174
35
(227)
(114)
(77)
(27)
(9)
of which: Large corporate clients
50,000
46,556
3,292
118
35
(184)
(91)
(72)
(19)
(2)
Forward starting reverse repurchase and securities borrowing
agreements
10,723
10,723
0
0
0
0
0
0
0
0
Unconditionally revocable loan commitments
119,679
115,982
3,449
248
0
(67)
(51)
(16)
0
0
of which: Real estate financing
6,433
5,291
1,041
101
0
(3)
(5)
1
0
0
of which: Large corporate clients
11,393
10,737
650
6
0
(15)
(7)
(6)
(2)
0
of which: SME clients
11,814
11,278
418
118
0
(31)
(24)
(7)
0
0
of which: Lombard
60,500
60,435
63
1
0
0
0
0
0
0
of which: Credit cards
12,943
12,361
578
4
0
(9)
(7)
(2)
0
0
Irrevocable committed prolongation of existing loans
8,178
8,141
32
5
0
(3)
(3)
0
0
0
Total off-balance sheet financial instruments and other credit lines
267,803
258,333
8,867
546
57
(347)
(184)
(115)
(40)
(9)
Total allowances and provisions
(3,058)
(576)
(428)
(1,756)
(298)
1 The carrying amount of financial assets measured at amortized cost represents the total gross exposure net of the respective ECL allowances.
2 Negative balances are representative of a net improvement in credit
quality since the acquisition of the respective financial instrument, which is reflected as a negative ECL allowance.
The table below
provides information about
the exposures subject to
ECL and the
ECL coverage ratio
for UBS’s core
loan portfolios (i.e.
Loans and
advances to customers
and
Loans to financial
advisors
) and relevant
off-balance sheet
exposures.
Cash and
balances at
central
banks
,
Amounts due
from
banks
,
Receivables from
securities
financing
transactions
,
Cash
collateral
receivables
on
derivative
instruments
and
Financial
assets
measured
at
fair
value
through other comprehensive income
are not included in the table below, due to their lower sensitivity to ECL.
ECL coverage ratios are
calculated by dividing ECL
allowances and provisions by
the gross carrying amount
of the
corresponding on-balance sheet exposures or by the notional amount of the off-balance sheet exposures.
The overall coverage
ratio for performing
positions increased by
1
basis point to
11
basis points as
of 30 June 2026.
Compared with 31 December 2025, the coverage ratio for performing positions related to real estate lending (on-
balance
sheet)
was
unchanged
at
3
basis
points,
and
the
coverage
ratio
for
performing
positions
related
to
corporate lending (on-balance sheet) increased by
3
basis points to
79
basis points.
Coverage ratios for core loan portfolio
30.6.26
Gross carrying amount (USD m)
ECL coverage (bps)
On-balance sheet
Total
Stage 1
Stage 2
Stage 3
PCI
Total
Stage 1
Stage 2
Stages 1&2
Stage 3
PCI
Private clients with mortgages
287,730
273,990
12,002
1,671
67
5
1
19
2
417
87
Real estate financing
93,130
85,384
7,318
393
36
7
3
35
6
351
243
Total real estate lending
380,860
359,374
19,319
2,064
103
5
2
25
3
404
142
Large corporate clients
27,312
23,249
2,940
1,004
119
244
44
345
78
3,449
9,750
SME clients
24,670
19,645
2,687
1,868
470
454
47
320
80
4,746
1,157
Total corporate lending
51,982
42,894
5,627
2,872
589
343
45
333
79
4,292
2,891
Lombard
165,962
165,542
0
412
7
3
0
0
0
1,137
6,972
Credit cards
2,588
1,941
564
83
0
204
37
233
81
3,905
0
Commodity trade finance
5,592
4,736
772
84
0
180
20
2
17
0
0
Ship / aircraft financing
9,089
8,146
874
69
0
12
8
50
12
0
0
Consumer financing
3,139
2,769
146
183
42
464
103
1,696
183
5,295
0
Other loans and advances to customers
46,207
44,736
1,328
90
53
34
10
56
11
7,636
6,710
Loans to financial advisors
2,982
2,809
49
124
0
118
13
195
16
2,465
0
Total other lending
235,559
230,679
3,733
1,045
102
24
5
136
7
3,470
3,947
Total
1
668,402
632,947
28,680
5,981
794
38
6
100
10
2,807
2,669
Notional exposure (USD m)
ECL coverage (bps)
Off-balance sheet
Total
Stage 1
Stage 2
Stage 3
PCI
Total
Stage 1
Stage 2
Stages 1&2
Stage 3
PCI
Private clients with mortgages
15,646
15,348
295
3
0
4
3
45
4
0
0
Real estate financing
8,561
7,280
1,282
0
0
6
12
0
6
0
0
Total real estate lending
24,207
22,628
1,577
3
0
5
6
0
5
0
0
Large corporate clients
65,722
59,797
5,553
362
10
45
19
164
32
2,432
3,489
SME clients
16,914
15,616
998
300
0
51
23
277
38
747
0
Total corporate lending
82,636
75,412
6,552
663
10
46
20
181
33
1,669
3,489
Lombard
2
8,329
8,304
0
25
0
4
1
0
1
875
0
Credit cards
12,800
12,158
638
3
0
7
6
36
7
0
0
Commodity trade finance
1,619
1,619
0
0
0
0
2
0
3
0
0
Ship / aircraft financing
1,602
1,562
40
0
0
6
0
216
6
0
0
Consumer financing
165
165
0
0
0
0
0
0
0
0
0
Financial intermediaries and hedge funds
29,450
28,817
611
21
0
2
2
4
2
0
0
Other off-balance sheet commitments
33,355
32,810
527
17
0
10
5
35
5
8,311
0
Total other lending
87,319
85,435
1,817
66
0
5
3
29
4
2,113
0
Total
3
194,162
183,475
9,946
731
10
23
10
123
16
1,703
3,489
Total on- and off-balance sheet
4
862,564
816,422
38,625
6,712
804
35
7
106
11
2,687
2,679
1 Includes Loans and advances to customers and Loans to financial advisors,
which are presented on the balance sheet line Other financial assets measured at amortized cost.
2 Committed unconditionally revocable
credit lines decreased by USD
65.2
bn, primarily in Global Wealth Management and mainly driven by certain Lombard facilities becoming uncommitted either following changes to certain contractual terms in the course
of client account migrations
or by a refinement
of UBS’s definition
of a commitment.
3 Excludes Forward starting
reverse repurchase and securities
borrowing agreements.
4 Includes on-balance sheet
exposure,
gross and off-balance sheet exposure (notional) and the related ECL coverage ratio (bps).
Coverage ratios for core loan portfolio
31.12.25
Gross carrying amount (USD m)
ECL coverage (bps)
On-balance sheet
Total
Stage 1
Stage 2
Stage 3
PCI
Total
Stage 1
Stage 2
Stages 1&2
Stage 3
PCI
Private clients with mortgages
287,548
276,421
9,617
1,455
55
4
2
19
2
380
1,162
Real estate financing
92,401
86,979
5,292
122
8
7
3
57
6
871
540
Total real estate lending
379,949
363,401
14,908
1,577
64
5
2
32
3
418
1,079
Large corporate clients
27,514
23,069
2,980
1,113
352
277
50
315
80
3,711
3,956
SME clients
24,873
19,964
2,602
2,109
198
429
40
310
71
4,132
1,793
Total corporate lending
52,387
43,033
5,581
3,222
550
349
46
313
76
3,986
3,177
Lombard
165,384
164,880
169
239
95
4
0
0
0
1,140
3,246
Credit cards
2,456
1,867
513
76
0
197
37
234
80
3,867
0
Commodity trade finance
4,943
3,584
1,274
86
0
190
22
2
17
9,379
0
Ship / aircraft financing
8,771
7,618
1,033
119
0
20
12
77
20
0
0
Consumer financing
3,102
2,696
154
184
68
439
70
1,590
152
5,012
58
Other loans and advances to customers
39,344
37,402
1,792
73
77
28
10
17
10
6,779
2,484
Loans to financial advisors
2,750
2,571
54
125
0
125
12
141
15
2,431
0
Total other lending
226,750
220,618
4,990
903
239
22
4
97
6
3,425
2,328
Total
1
659,086
627,051
25,479
5,702
853
38
6
107
10
2,911
2,782
Gross exposure (USD m)
ECL coverage (bps)
Off-balance sheet
Total
Stage 1
Stage 2
Stage 3
PCI
Total
Stage 1
Stage 2
Stages 1&2
Stage 3
PCI
Private clients with mortgages
13,016
12,757
245
13
0
3
2
16
3
0
0
Real estate financing
7,743
6,591
1,051
101
0
7
13
0
7
0
0
Total real estate lending
20,758
19,348
1,296
114
0
4
6
0
4
0
0
Large corporate clients
68,798
63,753
4,860
141
43
31
17
173
28
1,718
377
SME clients
16,511
15,531
732
242
5
46
23
386
39
275
9,581
Total corporate lending
85,308
79,284
5,592
383
48
34
18
201
30
807
1,353
Lombard
65,395
65,298
64
33
0
2
0
0
0
2,151
0
Credit cards
12,943
12,361
578
4
0
7
6
34
7
0
0
Commodity trade finance
2,613
2,512
101
0
0
5
5
6
5
0
0
Ship / aircraft financing
1,968
1,770
198
0
0
11
2
89
11
0
0
Consumer financing
153
153
0
0
0
0
0
0
0
0
0
Financial intermediaries and hedge funds
34,281
33,880
401
0
0
1
1
5
1
0
0
Other off-balance sheet commitments
33,659
33,004
635
12
8
6
5
19
5
1,781
2,438
Total other lending
151,013
148,978
1,978
48
8
3
2
26
2
1,882
2,438
Total
2
257,080
247,610
8,867
546
57
13
7
129
12
733
1,510
Total on- and off-balance sheet
3
916,166
874,662
34,346
6,248
910
31
6
112
10
2,720
2,703
1 Includes Loans and advances
to customers and Loans to
financial advisors, which are
presented on the balance sheet
line Other financial assets measured
at amortized cost.
2 Excludes Forward starting
reverse
repurchase and securities borrowing agreements.
3 Includes on-balance sheet exposure, gross and off-balance sheet exposure (notional) and the related
ECL coverage ratio (bps).