CECL - Financial instruments measured at amortized cost and credit losses (Tables)
 12 Months Ended
Dec. 31, 2021
Financial instruments measured at amortized costs
Overview of financial instruments measured at amortized cost – by balance sheet position
   2021 2020

end of
Amortized
cost basis 		1 Allowance
for credit
losses 		Net
carrying
value
Amortized
cost basis 		1 Allowance
for credit
losses 		Net
carrying
value
CHF million   
Cash and due from banks 164,510 0 164,510 138,593 (6) 138,587
Interest-bearing deposits with banks 1,323 2 0 1,323 1,303 4 (5) 1,298
Securities purchased under resale agreements and securities borrowing transactions 35,283 2 0 35,283 34,282 0 34,282
Loans 282,740 2,3 (1,297) 281,443 282,036 4,5 (1,536) 280,500
Brokerage receivables 20,873 2 (4,186) 16,687 35,942 4 (1) 35,941
Other assets 14,175 (30) 14,145 15,394 (43) 15,351
Total  518,904 (5,513) 513,391 507,550 (1,591) 505,959
1
Net of unearned income/deferred expenses, as applicable.
2
Excludes accrued interest in the total amount of CHF 301 million, with no related allowance for credit losses. Of the accrued interest balance, CHF 1 million relates to interest-bearing deposits with banks, CHF 1 million to securities purchased under resale agreements and securities borrowing transactions, CHF 295 million to loans and CHF 4 million to brokerage receivables. These accrued interest balances are reported in other assets.
3
Includes endangered interest of CHF 86 million on non-accrual loans which are reported as part of the loans' amortized cost balance.
4
Excludes accrued interest in the total amount of CHF 351 million, with no related allowance for credit losses. Of the accrued interest balance, CHF 1 million relates to interest-bearing deposits with banks, CHF 334 million to loans and CHF 16 million to brokerage receivables. These accrued interest balances are reported in other assets.
5
Includes endangered interest of CHF 88 million on non-accrual loans which are reported as part of the loans' amortized cost balance.
Allowance for credit losses - loans held at amortized cost
Allowance for credit losses – loans held at amortized cost
   2021 2020 2019 1

Consumer 		Corporate &
institutional
Total
Consumer 		Corporate &
institutional
Total
Consumer 		Corporate &
institutional
Total
Allowance for credit losses (CHF million)   
Balance at beginning of period  318 1,218 1,536 241 808 1,049 2 187 715 902
Current-period provision for expected credit losses 78 (53) 25 191 709 900 63 221 284
   of which methodology changes  0 (1) (1) 0 (19) (19) – – –
   of which provisions for interest 3 25 23 48 22 15 37 – – –
Gross write-offs (55) (242) (297) (87) (238) (325) (86) (213) (299)
Recoveries 9 5 14 8 5 13 9 16 25
Net write-offs (46) (237) (283) (79) (233) (312) (77) (197) (274)
Provisions for interest – – – – – – 14 28 42
Foreign currency translation impact and other adjustments, net 7 12 19 (35) (66) (101) (1) (7) (8)
Balance at end of period  357 940 1,297 318 1,218 1,536 186 760 946
   of which individually evaluated  273 512 785 230 636 866 145 464 609
   of which collectively evaluated  84 428 512 88 582 670 41 296 337
1
Measured under the previous accounting guidance (incurred loss model).
2
Includes a net impact of CHF 103 million from the adoption of the new CECL guidance and the related election of the fair value option for certain loans on January 1, 2020, of which CHF 55 million is reflected in consumer loans and CHF 48 million in corporate & institutional loans.
3
Represents the current-period net provision for accrued interest on non-accrual loans and lease financing transactions which is recognized as a reversal of interest income.
Purchases, reclassifications and sales - loans held at amortized cost
Purchases, reclassifications and sales – loans held at amortized cost
   2021 2020 2019

in
Consumer 		Corporate &
institutional
Total
Consumer 		Corporate &
institutional
Total
Consumer 		Corporate &
institutional
Total
CHF million   
Purchases 1 22 4,361 4,383 45 2,756 2,801 18 2,478 2,496
Reclassifications from loans held-for-sale 2 0 133 133 0 6 6 0 11 11
Reclassifications to loans held-for-sale 3 0 4,780 4,780 18 2,007 2,025 0 3,138 3,138
Sales 3 0 4,442 4,442 18 1,626 1,644 0 3,001 3,001
Reclassifications from loans held-for-sale and reclassifications to loans held-for-sale represent non-cash transactions.
1
Includes drawdowns under purchased loan commitments.
2
Includes loans previously reclassified to held-for-sale that were not sold and were reclassified back to loans held-to-maturity.
3
All loans held at amortized cost which are sold are reclassified to loans held-for-sale on or prior to the date of the sale.
CECL Macro economic factors
Selected macroeconomic factors
   2021 2020

end of 		Forecast
2022 		Forecast
2023 		Forecast
2021 		Forecast
2022
Swiss real GDP growth rate (%)
Downside (0.4) 0.3 0.1 0.8
Baseline 2.5 1.9 3.6 2.8
Upside 4.3 2.8 5.4 4.5
Eurozone real GDP growth rate (%)
Downside (0.7) 1.4 0.3 2.8
Baseline 3.8 2.3 4.6 3.2
Upside 4.2 2.7 7.8 3.9
US real GDP growth rate (%)
Downside 0.1 1.4 0.5 2.0
Baseline 3.8 1.9 3.6 4.1
Upside 4.5 2.4 5.2 5.1
UK real GDP growth rate (%)
Downside (0.9) 1.0 1.5 2.2
Baseline 5.0 3.3 6.4 4.0
Upside 7.8 3.9 10.9 5.7
World industrial production (%)
Downside 0.0 2.0 2.4 2.9
Baseline 3.0 3.0 5.5 4.3
Upside 4.4 3.7 8.6 5.9
Forecasts represent the rolling 4-quarter average estimate of the respective macroeconomic factor as determined at the end of each reporting period.
Allowance for Credit Losses on Other Financing Instruments [Table Text Block]
Allowance for credit losses – other financial assets held at amortized cost
2021 2020
Allowance for credit losses (CHF million)   
Balance at beginning of period  55 45
Current-period provision for expected credit losses 4,291 24
Gross write-offs (9) (12)
Recoveries 0 2
Net write-offs (9) (10)
Foreign currency translation impact and other adjustments, net (121) (4)
Balance at end of period  4,216 55
   of which individually evaluated  4,202 17
   of which collectively evaluated  14 38
Loans held at amortized cost by internal counterparty rating
Consumer loans held at amortized cost by internal counterparty rating
   2021 2020
    Investment
grade 		Non-investment
grade 		Investment
grade 		Non-investment
grade
end of AAA to BBB BB to C D Total AAA to BBB BB to C D Total
CHF million   
Mortgages 1
2021 / 2020 24,257 2,134 40 26,431 17,454 1,653 3 19,110
2020 / 2019 14,743 1,402 13 16,158 13,936 1,459 26 15,421
2019 / 2018 11,308 1,639 48 12,995 10,187 929 58 11,174
2018 / 2017 7,287 812 88 8,187 7,061 857 44 7,962
2017 / 2016 5,318 698 74 6,090 10,789 914 76 11,779
Prior years 36,790 2,359 317 39,466 39,471 2,854 216 42,541
Total term loans 99,703 9,044 580 109,327 98,898 8,666 423 107,987
Revolving loans 276 930 0 1,206 528 548 4 1,080
Total  99,979 9,974 580 110,533 99,426 9,214 427 109,067
Loans collateralized by securities 1
2021 / 2020 2,627 685 0 3,312 1,031 1,519 149 2,699
2020 / 2019 649 848 0 1,497 995 324 0 1,319
2019 / 2018 61 167 0 228 483 64 0 547
2018 / 2017 32 26 106 164 61 41 0 102
2017 / 2016 55 19 0 74 200 127 0 327
Prior years 804 681 0 1,485 562 622 0 1,184
Total term loans 4,228 2,426 106 6,760 3,332 2,697 149 6,178
Revolving loans 2 41,275 3,063 155 44,493 41,715 3,031 104 44,850
Total  45,503 5,489 261 51,253 45,047 5,728 253 51,028
Consumer finance 1
2021 / 2020 1,688 823 5 2,516 1,282 675 5 1,962
2020 / 2019 538 288 15 841 518 385 22 925
2019 / 2018 285 234 19 538 249 219 23 491
2018 / 2017 98 169 18 285 80 154 17 251
2017 / 2016 21 75 13 109 16 57 10 83
Prior years 13 76 43 132 12 89 41 142
Total term loans 2,643 1,665 113 4,421 2,157 1,579 118 3,854
Revolving loans 348 21 90 459 328 88 81 497
Total  2,991 1,686 203 4,880 2,485 1,667 199 4,351
Consumer – total 
2021 / 2020 28,572 3,642 45 32,259 19,767 3,847 157 23,771
2020 / 2019 15,930 2,538 28 18,496 15,449 2,168 48 17,665
2019 / 2018 11,654 2,040 67 13,761 10,919 1,212 81 12,212
2018 / 2017 7,417 1,007 212 8,636 7,202 1,052 61 8,315
2017 / 2016 5,394 792 87 6,273 11,005 1,098 86 12,189
Prior years 37,607 3,116 360 41,083 40,045 3,565 257 43,867
Total term loans 106,574 13,135 799 120,508 104,387 12,942 690 118,019
Revolving loans 41,899 4,014 245 46,158 42,571 3,667 189 46,427
Total  148,473 17,149 1,044 166,666 146,958 16,609 879 164,446
1
Certain consumer loans have been reclassified to corporate & institutional loans following the application of a look-through approach with regard to beneficial owners. The prior period has been reclassified to conform to the current presentation.
2
Lombard loans are generally classified as revolving loans.
Corporate & institutional loans held at amortized cost by internal counterparty rating
   2021 2020
    Investment
grade 		Non-investment
grade 		Investment
grade 		Non-investment
grade
end of AAA to BBB BB to C D Total AAA to BBB BB to C D Total
CHF million   
Real estate 
2021 / 2020 9,568 4,682 2 14,252 6,054 2,792 106 8,952
2020 / 2019 3,709 1,355 5 5,069 2,902 1,611 0 4,513
2019 / 2018 1,849 706 2 2,557 1,849 1,133 24 3,006
2018 / 2017 925 340 1 1,266 1,033 346 72 1,451
2017 / 2016 475 101 0 576 1,591 285 25 1,901
Prior years 2,469 376 30 2,875 5,982 1,105 33 7,120
Total term loans 18,995 7,560 40 26,595 19,411 7,272 260 26,943
Revolving loans 778 297 135 1,210 1,027 172 69 1,268
Total  19,773 7,857 175 27,805 20,438 7,444 329 28,211
Commercial and industrial loans 
2021 / 2020 8,284 11,985 136 20,405 7,724 11,621 310 19,655
2020 / 2019 3,242 4,468 62 7,772 3,851 6,411 133 10,395
2019 / 2018 2,110 3,903 105 6,118 1,781 4,321 247 6,349
2018 / 2017 1,003 2,256 177 3,436 964 1,981 60 3,005
2017 / 2016 697 937 60 1,694 809 1,248 22 2,079
Prior years 2,013 2,848 90 4,951 2,830 3,837 128 6,795
Total term loans 17,349 26,397 630 44,376 17,959 29,419 900 48,278
Revolving loans 13,941 7,458 372 21,771 12,913 8,908 464 22,285
Total  31,290 33,855 1,002 66,147 30,872 38,327 1,364 70,563
Financial institutions 1
2021 / 2020 6,360 2,012 51 8,423 5,363 964 43 6,370
2020 / 2019 2,081 201 30 2,312 2,134 304 39 2,477
2019 / 2018 660 127 1 788 1,061 453 9 1,523
2018 / 2017 522 151 1 674 124 92 0 216
2017 / 2016 87 19 0 106 199 102 20 321
Prior years 499 85 1 585 770 41 2 813
Total term loans 10,209 2,595 84 12,888 9,651 1,956 113 11,720
Revolving loans 7,542 485 1 8,028 5,754 426 1 6,181
Total  17,751 3,080 85 20,916 15,405 2,382 114 17,901
Governments and public institutions 
2021 / 2020 521 26 0 547 174 33 0 207
2020 / 2019 157 114 0 271 135 20 10 165
2019 / 2018 94 19 19 132 80 0 0 80
2018 / 2017 46 11 0 57 35 0 0 35
2017 / 2016 28 0 0 28 74 1 0 75
Prior years 199 21 0 220 388 41 0 429
Total term loans 1,045 191 19 1,255 886 95 10 991
Revolving loans 32 0 0 32 19 0 0 19
Total  1,077 191 19 1,287 905 95 10 1,010
Corporate & institutional – total 
2021 / 2020 24,733 18,705 189 43,627 19,315 15,410 459 35,184
2020 / 2019 9,189 6,138 97 15,424 9,022 8,346 182 17,550
2019 / 2018 4,713 4,755 127 9,595 4,771 5,907 280 10,958
2018 / 2017 2,496 2,758 179 5,433 2,156 2,419 132 4,707
2017 / 2016 1,287 1,057 60 2,404 2,673 1,636 67 4,376
Prior years 5,180 3,330 121 8,631 9,970 5,024 163 15,157
Total term loans 47,598 36,743 773 85,114 47,907 38,742 1,283 87,932
Revolving loans 22,293 8,240 508 31,041 19,713 9,506 534 29,753
Total  69,891 44,983 1,281 116,155 67,620 48,248 1,817 117,685
1
Certain consumer loans have been reclassified to corporate & institutional loans following the application of a look-through approach with regard to beneficial owners. The prior period has been reclassified to conform to the current presentation.
Total loans held at amortized cost by internal counterparty rating
   2021 2020
    Investment
grade 		Non-investment
grade 		Investment
grade 		Non-investment
grade
end of AAA to BBB BB to C D Total AAA to BBB BB to C D Total
CHF million   
Loans held at amortized cost – total 
2021 / 2020 53,305 22,347 234 75,886 39,082 19,257 616 58,955
2020 / 2019 25,119 8,676 125 33,920 24,471 10,514 230 35,215
2019 / 2018 16,367 6,795 194 23,356 15,690 7,119 361 23,170
2018 / 2017 9,913 3,765 391 14,069 9,358 3,471 193 13,022
2017 / 2016 6,681 1,849 147 8,677 13,678 2,734 153 16,565
Prior years 42,787 6,446 481 49,714 50,015 8,589 420 59,024
Total term loans 154,172 49,878 1,572 205,622 152,294 51,684 1,973 205,951
Revolving loans 64,192 12,254 753 77,199 62,284 13,173 723 76,180
Total  218,364 62,132 2,325 282,821 2 214,578 64,857 2,696 282,131 1
1
Excludes accrued interest on loans held at amortized cost of CHF 295 million and CHF 334 million as of December 31, 2021 and 2020, respectively.
Other Financial Assets Credit Quality Indicators [Table Text Block]
Other financial assets held at amortized cost by internal counterparty rating
   2021 2020
    Investment
grade 		Non-investment
grade 		Investment
grade 		Non-investment
grade
end of AAA to BBB BB to C D Total AAA to BBB BB to C D Total
CHF million   
Other financial assets held at amortized cost 
2021 / 2020 0 5 0 5 0 0 0 0
2019 / 2018 0 0 0 0 0 70 0 70
2018 / 2017 0 63 0 63 0 2 0 2
2017 / 2016 0 2 0 2 0 4 0 4
Prior years 0 2 0 2 0 0 0 0
Total term positions 0 72 0 72 0 76 0 76
Revolving positions 0 970 0 970 0 934 0 934
Total  0 1,042 0 1,042 0 1,010 0 1,010
Includes primarily mortgage servicing advances and failed purchases.
Past Due Financing Receivables [Table Text Block]
Loans held at amortized cost – past due
   Current Past due

end of
Up to
30 days 		31–60
days 		61–90
days 		More than
90 days
Total
Total
2021 (CHF million)   
Mortgages 109,877 123 73 61 399 656 110,533
Loans collateralized by securities 51,069 42 0 0 142 184 51,253
Consumer finance 4,449 144 70 60 157 431 4,880
Consumer 165,395 309 143 121 698 1,271 166,666
Real estate 27,628 6 4 0 167 177 27,805
Commercial and industrial loans 65,327 166 13 12 629 820 66,147
Financial institutions 20,807 60 7 1 41 109 20,916
Governments and public institutions 1,252 16 0 0 19 35 1,287
Corporate & institutional 115,014 248 24 13 856 1,141 116,155
Total loans held at amortized cost  280,409 557 167 134 1,554 2,412 282,821 1
2020 (CHF million)   
Mortgages 2 108,544 63 68 34 358 523 109,067
Loans collateralized by securities 2 50,907 17 0 0 104 121 51,028
Consumer finance 2 3,916 149 68 47 171 435 4,351
Consumer 163,367 229 136 81 633 1,079 164,446
Real estate 28,070 50 3 11 77 141 28,211
Commercial and industrial loans 69,227 3 622 26 6 682 1,336 3 70,563
Financial institutions 2 17,720 48 15 72 46 181 17,901
Governments and public institutions 969 37 4 0 0 41 1,010
Corporate & institutional 115,986 757 48 89 805 1,699 117,685
Total loans held at amortized cost  279,353 986 184 170 1,438 2,778 282,131 1
1
Excludes accrued interest on loans held at amortized cost of CHF 295 million and CHF 334 million as of December 31, 2021 and 2020, respectively.
2
Certain consumer loans have been reclassified to corporate & institutional loans following the application of a look-through approach with regard to beneficial owners. The prior period has been reclassified to conform to the current presentation.
3
Prior period has been revised.
Past due loans, held at amortized cost [Table Text Block]
Non-accrual loans held at amortized cost
   2021 2020



Amortized
cost of
non-accrual
assets at
beginning
of period


Amortized
cost of
non-accrual
assets at
end
of period





Interest
income
recognized 		Amortized
cost of
non-accrual
assets
with no
specific
allowance
at end of
period


Amortized
cost of
non-accrual
assets at
beginning
of period


Amortized
cost of
non-accrual
assets at
end
of period





Interest
income
recognized 		Amortized
cost of
non-accrual
assets
with no
specific
allowance
at end of
period
CHF million   
Mortgages 418 572 2 111 337 418 3 60
Loans collateralized by securities 105 262 8 2 122 105 1 0
Consumer finance 201 205 3 1 168 201 3 1
Consumer 724 1,039 13 114 627 724 7 61
Real estate 324 167 6 0 155 324 8 27
Commercial and industrial loans 925 698 11 96 682 925 38 4
Financial institutions 68 41 0 0 46 68 0 8
Governments and public institutions 0 19 0 0 0 0 0 0
Corporate & institutional 1,317 925 17 96 883 1,317 46 39
Total loans held at amortized cost  2,041 1,964 30 210 1,510 2,041 53 100
Restructured financing receivables held at amortized cost
Restructured financing receivables held at amortized cost
   2021 2020 2019

in

Number of
contracts 		Recorded
investment –
pre-
modification 		Recorded
investment –
post-
modification

Number of
contracts 		Recorded
investment –
pre-
modification 		Recorded
investment –
post-
modification

Number of
contracts 		Recorded
investment –
pre-
modification 		Recorded
investment –
post-
modification
CHF million, except where indicated   
Mortgages 0 0 0 0 0 0 1 7 7
Loans collateralized by securities 1 33 25 3 165 165 0 0 0
Real estate 1 2 2 0 0 0 0 0 0
Commercial and industrial loans 18 402 394 17 127 95 25 172 161
Financial institutions 1 44 44 0 0 0 0 0 0
Total loans  21 481 465 20 292 260 26 179 168
Restructured financing receivables held at amortized cost that defaulted within 12 months from restructuring
Restructured financing receivables held at amortized cost that defaulted within 12 months from restructuring
   2021 2020 2019

in 		Number of
contracts 		Recorded
investment 		Number of
contracts 		Recorded
investment 		Number of
contracts 		Recorded
investment
CHF million, except where indicated   
Mortgages 0 0 0 0 1 13
Loans collateralized by securities 3 156 0 0 0 0
Commercial and industrial loans 1 14 4 13 1 2
Total loans  4 170 4 13 2 15
Bank  
Financial instruments measured at amortized costs
Overview of financial instruments measured at amortized cost – by balance sheet position
   2021 2020

end of
Amortized
cost basis 		1 Allowance
for credit
losses 		Net
carrying
value
Amortized
cost basis 		1 Allowance
for credit
losses 		Net
carrying
value
CHF million   
Cash and due from banks 163,718 0 163,718 137,683 (1) 137,682
Interest-bearing deposits with banks 1,256 2 0 1,256 1,235 4 (5) 1,230
Securities purchased under resale agreements and securities borrowing transactions 35,283 2 0 35,283 34,282 0 34,282
Loans 291,411 2,3 (1,296) 290,115 290,468 4,5 (1,535) 288,933
Brokerage receivables 20,875 2 (4,186) 16,689 35,944 4 (1) 35,943
Other assets 14,226 (28) 14,198 15,540 (41) 15,499
Total  526,769 (5,510) 521,259 515,152 (1,583) 513,569
1
Net of unearned income/deferred expenses, as applicable.
2
Excludes accrued interest in the total amount of CHF 301 million, with no related allowance for credit losses. Of the accrued interest balance, CHF 1 million relates to interest-bearing deposits with banks, CHF 1 million to securities purchased under resale agreements and securities borrowing transactions, CHF 295 million to loans and CHF 4 million to brokerage receivables. These accrued interest balances are reported in other assets.
3
Includes endangered interest of CHF 85 million on non-accrual loans which are reported as part of the loans' amortized cost balance.
4
Excludes accrued interest in the total amount of CHF 351 million, with no related allowance for credit losses. Of the accrued interest balance, CHF 1 million relates to interest-bearing deposits with banks, CHF 334 million to loans and CHF 16 million to brokerage receivables. These accrued interest balances are reported in other assets.
5
Includes endangered interest of CHF 87 million on non-accrual loans which are reported as part of the loans' amortized cost balance.
Allowance for credit losses - loans held at amortized cost
Allowance for credit losses – loans held at amortized cost
   2021 2020 2019 1

Consumer 		Corporate &
institutional
Total
Consumer 		Corporate &
institutional
Total
Consumer 		Corporate &
institutional
Total
CHF million   
Balance at beginning of period  318 1,217 1,535 241 807 1,048 2 187 714 901
Current-period provision for expected credit losses 78 (53) 25 191 709 900 63 221 284
   of which methodology changes  0 (1) (1) 0 (19) (19) – – –
   of which provisions for interest 3 25 23 48 22 15 37 – – –
Gross write-offs (55) (242) (297) (87) (238) (325) (86) (213) (299)
Recoveries 9 5 14 8 5 13 9 16 25
Net write-offs (46) (237) (283) (79) (233) (312) (77) (197) (274)
Provisions for interest 3 – – – – – – 14 28 42
Foreign currency translation impact and other adjustments, net 7 12 19 (35) (66) (101) (1) (7) (8)
Balance at end of period  357 939 1,296 318 1,217 1,535 186 759 945
   of which individually evaluated  273 512 785 230 635 865 145 463 608
   of which collectively evaluated  84 427 511 88 582 670 41 296 337
1
Measured under the previous accounting guidance (incurred loss model).
2
Includes a net impact of CHF 103 million from the adoption of the new CECL guidance and the related election of the fair value option for certain loans on January 1, 2020, of which CHF 55 million reflected in consumer loans and CHF 48 million in corporate & institutional loans.
3
Represents the current-period net provision for accrued interest on non-accrual loans and lease financing transactions which is recognized as a reversal of interest income.
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Table Text Block]
Purchases, reclassifications and sales – loans held at amortized cost
   2021 2020 2019

in
Consumer 		Corporate &
institutional
Total
Consumer 		Corporate &
institutional
Total
Consumer 		Corporate &
institutional
Total
CHF million   
Purchases 1 22 4,361 4,383 45 2,756 2,801 18 2,478 2,496
Reclassifications from loans held-for-sale 2 0 133 133 0 6 6 0 11 11
Reclassifications to loans held-for-sale 3 0 4,780 4,780 18 2,007 2,025 0 3,138 3,138
Sales 3 0 4,442 4,442 18 1,626 1,644 0 3,001 3,001
Reclassifications from loans held-for-sale and reclassifications to loans held-for-sale represent non-cash transactions.
1
Includes drawdowns under purchased loan commitments.
2
Includes loans previously reclassified to held-for-sale that were not sold and were reclassified back to loans held-to-maturity.
3
All loans held at amortized cost which are sold are reclassified to loans held-for-sale on or prior to the date of the sale.
Allowance for Credit Losses on Other Financing Instruments [Table Text Block]
Allowance for credit losses – other financial assets held at amortized cost
2021 2020
CHF million   
Balance at beginning of period  48 43
Current-period provision for expected credit losses 4,295 19
Gross write-offs (8) (12)
Recoveries 0 2
Net write-offs (8) (10)
Foreign currency translation impact and other adjustments, net (121) (4)
Balance at end of period  4,214 48
   of which individually evaluated  4,200 15
   of which collectively evaluated  14 33
Loans held at amortized cost by internal counterparty rating
Consumer loans held at amortized cost by internal counterparty rating
   2021 2020
    Investment
grade 		Non-investment
grade 		Investment
grade 		Non-investment
grade
end of AAA to BBB BB to C D Total AAA to BBB BB to C D Total
CHF million   
Mortgages 1
2021 / 2020 24,257 2,134 40 26,431 17,454 1,653 3 19,110
2020 / 2019 14,743 1,402 13 16,158 13,936 1,459 26 15,421
2019 / 2018 11,308 1,639 48 12,995 10,187 929 58 11,174
2018 / 2017 7,287 812 88 8,187 7,061 857 44 7,962
2017 / 2016 5,318 698 74 6,090 10,789 914 76 11,779
Prior years 36,790 2,359 317 39,466 39,471 2,854 216 42,541
Total term loans 99,703 9,044 580 109,327 98,898 8,666 423 107,987
Revolving loans 276 930 0 1,206 528 548 4 1,080
Total  99,979 9,974 580 110,533 99,426 9,214 427 109,067
Loans collateralized by securities 1
2021 / 2020 2,627 685 0 3,312 1,031 1,519 149 2,699
2020 / 2019 649 848 0 1,497 995 324 0 1,319
2019 / 2018 61 167 0 228 483 64 0 547
2018 / 2017 32 26 106 164 61 41 0 102
2017 / 2016 55 19 0 74 200 127 0 327
Prior years 804 681 0 1,485 562 622 0 1,184
Total term loans 4,228 2,426 106 6,760 3,332 2,697 149 6,178
Revolving loans 2 41,275 3,063 155 44,493 41,715 3,031 104 44,850
Total  45,503 5,489 261 51,253 45,047 5,728 253 51,028
Consumer finance 1
2021 / 2020 1,688 823 5 2,516 1,282 675 5 1,962
2020 / 2019 538 288 15 841 518 385 22 925
2019 / 2018 285 234 19 538 249 219 23 491
2018 / 2017 98 169 18 285 80 154 17 251
2017 / 2016 21 75 13 109 16 57 10 83
Prior years 13 76 43 132 12 89 41 142
Total term loans 2,643 1,665 113 4,421 2,157 1,579 118 3,854
Revolving loans 348 21 90 459 328 88 81 497
Total  2,991 1,686 203 4,880 2,485 1,667 199 4,351
Consumer – total 
2021 / 2020 28,572 3,642 45 32,259 19,767 3,847 157 23,771
2020 / 2019 15,930 2,538 28 18,496 15,449 2,168 48 17,665
2019 / 2018 11,654 2,040 67 13,761 10,919 1,212 81 12,212
2018 / 2017 7,417 1,007 212 8,636 7,202 1,052 61 8,315
2017 / 2016 5,394 792 87 6,273 11,005 1,098 86 12,189
Prior years 37,607 3,116 360 41,083 40,045 3,565 257 43,867
Total term loans 106,574 13,135 799 120,508 104,387 12,942 690 118,019
Revolving loans 41,899 4,014 245 46,158 42,571 3,667 189 46,427
Total  148,473 17,149 1,044 166,666 146,958 16,609 879 164,446
1
Certain consumer loans have been reclassified to corporate & institutional loans following the application of a look-through approach with regard to beneficial owners. The prior period has been reclassified to conform to the current presentation.
2
Lombard loans are generally classified as revolving loans.
Corporate & institutional loans held at amortized cost by internal counterparty rating
   2021 2020
    Investment
grade 		Non-investment
grade 		Investment
grade 		Non-investment
grade
end of AAA to BBB BB to C D Total AAA to BBB BB to C D Total
CHF million   
Real estate 
2021 / 2020 9,568 4,682 2 14,252 6,054 2,792 106 8,952
2020 / 2019 3,709 1,355 5 5,069 2,902 1,611 0 4,513
2019 / 2018 1,849 706 2 2,557 1,849 1,133 24 3,006
2018 / 2017 925 340 1 1,266 1,033 346 72 1,451
2017 / 2016 475 101 0 576 1,591 285 25 1,901
Prior years 2,469 376 30 2,875 5,982 1,105 33 7,120
Total term loans 18,995 7,560 40 26,595 19,411 7,272 260 26,943
Revolving loans 778 297 135 1,210 1,027 172 69 1,268
Total  19,773 7,857 175 27,805 20,438 7,444 329 28,211
Commercial and industrial loans 
2021 / 2020 8,284 11,985 136 20,405 7,724 11,621 310 19,655
2020 / 2019 3,242 4,468 62 7,772 3,851 6,411 133 10,395
2019 / 2018 2,110 3,903 105 6,118 1,781 4,321 247 6,349
2018 / 2017 1,003 2,256 177 3,436 964 1,981 60 3,005
2017 / 2016 697 937 60 1,694 809 1,248 22 2,079
Prior years 2,013 2,848 78 4,939 2,830 3,837 116 6,783
Total term loans 17,349 26,397 618 44,364 17,959 29,419 888 48,266
Revolving loans 13,941 7,458 372 21,771 12,913 8,908 464 22,285
Total  31,290 33,855 990 66,135 30,872 38,327 1,352 70,551
Financial institutions 1
2021 / 2020 6,360 2,012 51 8,423 5,363 964 43 6,370
2020 / 2019 2,081 201 30 2,312 2,134 304 39 2,477
2019 / 2018 660 127 1 788 1,061 453 9 1,523
2018 / 2017 522 151 1 674 124 92 0 216
2017 / 2016 87 19 0 106 199 102 20 321
Prior years 499 85 1 585 770 41 2 813
Total term loans 10,209 2,595 84 12,888 9,651 1,956 113 11,720
Revolving loans 7,542 485 1 8,028 5,754 426 1 6,181
Total  17,751 3,080 85 20,916 15,405 2,382 114 17,901
Governments and public institutions 
2021 / 2020 521 26 0 547 174 33 0 207
2020 / 2019 157 114 0 271 135 20 10 165
2019 / 2018 94 19 19 132 80 0 0 80
2018 / 2017 46 11 0 57 35 0 0 35
2017 / 2016 28 0 0 28 74 1 0 75
Prior years 199 21 0 220 388 41 0 429
Total term loans 1,045 191 19 1,255 886 95 10 991
Revolving loans 32 0 0 32 19 0 0 19
Total  1,077 191 19 1,287 905 95 10 1,010
Corporate & institutional – total 
2021 / 2020 24,733 18,705 189 43,627 19,315 15,410 459 35,184
2020 / 2019 9,189 6,138 97 15,424 9,022 8,346 182 17,550
2019 / 2018 4,713 4,755 127 9,595 4,771 5,907 280 10,958
2018 / 2017 2,496 2,758 179 5,433 2,156 2,419 132 4,707
2017 / 2016 1,287 1,057 60 2,404 2,673 1,636 67 4,376
Prior years 5,180 3,330 109 8,619 9,970 5,024 151 15,145
Total term loans 47,598 36,743 761 85,102 47,907 38,742 1,271 87,920
Revolving loans 22,293 8,240 508 31,041 19,713 9,506 534 29,753
Total  69,891 44,983 1,269 116,143 67,620 48,248 1,805 117,673
1
Certain consumer loans have been reclassified to corporate & institutional loans following the application of a look-through approach with regard to beneficial owners. The prior period has been reclassified to conform to the current presentation.
Total loans held at amortized cost by internal counterparty rating
   2021 2020
    Investment
grade 		Non-investment
grade 		Investment
grade 		Non-investment
grade
end of AAA to BBB BB to C D Total AAA to BBB BB to C D Total
CHF million   
Loans held at amortized cost – total 
2021 / 2020 53,305 22,347 234 75,886 39,082 19,257 616 58,955
2020 / 2019 25,119 8,676 125 33,920 24,471 10,514 230 35,215
2019 / 2018 16,367 6,795 194 23,356 15,690 7,119 361 23,170
2018 / 2017 9,913 3,765 391 14,069 9,358 3,471 193 13,022
2017 / 2016 6,681 1,849 147 8,677 13,678 2,734 153 16,565
Prior years 42,787 6,446 469 49,702 50,015 8,589 408 59,012
Total term loans 154,172 49,878 1,560 205,610 152,294 51,684 1,961 205,939
Revolving loans 64,192 12,254 753 77,199 62,284 13,173 723 76,180
Total loans to third parties  218,364 62,132 2,313 282,809 214,578 64,857 2,684 282,119
Total loans to entities under common control 8,683 0 0 8,683 8,444 0 0 8,444
Total  227,047 62,132 2,313 291,492 1 223,022 64,857 2,684 290,563 1
1
Excludes accrued interest on loans held at amortized cost of CHF 295 million and CHF 334 million as of December 31, 2021 and 2020, respectively.
Other Financial Assets Credit Quality Indicators [Table Text Block]
Other financial assets held at amortized cost by internal counterparty rating
   2021 2020
    Investment
grade 		Non-investment
grade 		Investment
grade 		Non-investment
grade
end of AAA to BBB BB to C D Total AAA to BBB BB to C D Total
CHF million   
Other financial assets held at amortized cost 
2021 / 2020 0 5 0 5 0 0 0 0
2019 / 2018 0 0 0 0 0 70 0 70
2018 / 2017 0 63 0 63 0 2 0 2
2017 / 2016 0 2 0 2 0 4 0 4
Prior years 0 2 0 2 0 0 0 0
Total term positions 0 72 0 72 0 76 0 76
Revolving positions 0 970 0 970 0 934 0 934
Total  0 1,042 0 1,042 0 1,010 0 1,010
Includes primarily mortgage servicing advances and failed purchases.
Past Due Financing Receivables [Table Text Block]
Loans held at amortized cost – past due
   Current Past due

end of
Up to
30 days 		31–60
days 		61–90
days 		More than
90 days
Total
Total
2021 (CHF million)   
Mortgages 109,877 123 73 61 399 656 110,533
Loans collateralized by securities 51,069 42 0 0 142 184 51,253
Consumer finance 4,449 144 70 60 157 431 4,880
Consumer 165,395 309 143 121 698 1,271 166,666
Real estate 27,628 6 4 0 167 177 27,805
Commercial and industrial loans 65,327 166 13 12 617 808 66,135
Financial institutions 20,807 60 7 1 41 109 20,916
Governments and public institutions 1,252 16 0 0 19 35 1,287
Corporate & institutional 115,014 248 24 13 844 1,129 116,143
Total loans to third parties  280,409 557 167 134 1,542 2,400 282,809
Total loans to entities under common control 8,683 0 0 0 0 0 8,683
Total loans held at amortized cost  289,092 557 167 134 1,542 2,400 291,492 1
2020 (CHF million)   
Mortgages 2 108,544 63 68 34 358 523 109,067
Loans collateralized by securities 2 50,907 17 0 0 104 121 51,028
Consumer finance 2 3,916 149 68 47 171 435 4,351
Consumer 163,367 229 136 81 633 1,079 164,446
Real estate 28,070 50 3 11 77 141 28,211
Commercial and industrial loans 69,227 3 622 26 6 670 1,324 3 70,551
Financial institutions 2 17,720 48 15 72 46 181 17,901
Governments and public institutions 969 37 4 0 0 41 1,010
Corporate & institutional 115,986 757 48 89 793 1,687 117,673
Total loans to third parties  279,353 986 184 170 1,426 2,766 282,119
Total loans to entities under common control 8,444 0 0 0 0 0 8,444
Total loans held at amortized cost  287,797 986 184 170 1,426 2,766 290,563 1
1
Excludes accrued interest on loans held at amortized cost of CHF 295 million and CHF 334 million as of December 31, 2021 and 2020, respectively.
2
Certain consumer loans have been reclassified to corporate & institutional loans following the application of a look-through approach with regard to beneficial owners. The prior period has been reclassified to conform to the current presentation.
3
Prior period has been revised.
Past due loans, held at amortized cost [Table Text Block]
Non-accrual loans held at amortized cost
   2021 2020



Amortized
cost of
non-accrual
assets at
beginning
of period


Amortized
cost of
non-accrual
assets at
end
of period





Interest
income
recognized 		Amortized
cost of
non-accrual
assets
with no
specific
allowance
at end of
period


Amortized
cost of
non-accrual
assets at
beginning
of period


Amortized
cost of
non-accrual
assets at
end
of period





Interest
income
recognized 		Amortized
cost of
non-accrual
assets
with no
specific
allowance
at end of
period
CHF million   
Mortgages 418 572 2 111 337 418 3 60
Loans collateralized by securities 105 262 8 2 122 105 1 0
Consumer finance 201 205 3 1 168 201 3 1
Consumer 724 1,039 13 114 627 724 7 61
Real estate 324 167 6 0 155 324 8 27
Commercial and industrial loans 913 686 11 96 670 913 38 4
Financial institutions 68 41 0 0 46 68 0 8
Governments and public institutions 0 19 0 0 0 0 0 0
Corporate & institutional 1,305 913 17 96 871 1,305 46 39
Total loans held at amortized cost  2,029 1,952 30 210 1,498 2,029 53 100
Restructured financing receivables held at amortized cost
Restructured financing receivables held at amortized cost
   2021 2020 2019

in

Number of
contracts 		Recorded
investment –
pre-
modification 		Recorded
investment –
post-
modification

Number of
contracts 		Recorded
investment –
pre-
modification 		Recorded
investment –
post-
modification

Number of
contracts 		Recorded
investment –
pre-
modification 		Recorded
investment –
post-
modification
CHF million, except where indicated   
Mortgages 0 0 0 0 0 0 1 7 7
Loans collateralized by securities 1 33 25 3 165 165 0 0 0
Real estate 1 2 2 0 0 0 0 0 0
Commercial and industrial loans 18 402 394 17 127 95 25 172 161
Financial institutions 1 44 44 0 0 0 0 0 0
Total loans  21 481 465 20 292 260 26 179 168
Restructured financing receivables held at amortized cost that defaulted within 12 months from restructuring
Restructured financing receivables held at amortized cost that defaulted within 12 months from restructuring
   2021 2020 2019

in 		Number of
contracts 		Recorded
investment 		Number of
contracts 		Recorded
investment 		Number of
contracts 		Recorded
investment
CHF million, except where indicated   
Mortgages 0 0 0 0 1 13
Loans collateralized by securities 3 156 0 0 0 0
Commercial and industrial loans 1 14 4 13 1 2
Total loans  4 170 4 13 2 15