Exhibit 12.2
Ratio of earnings to fixed charges (Bank)
Ratio of earnings to fixed charges | |||||||||||||
in | 6M17 | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||
Ratio of earnings to fixed charges (CHF million) | |||||||||||||
Income/(loss) from continuing operations before taxes, noncontrolling interests, extraordinary items and cumulative effect of accounting changes | 1,152 | (2,489) | (2,649) | 3,220 | 3,882 | 2,010 | |||||||
Income/(loss) from equity method investments | (104) | (205) | (241) | (240) | (237) | (156) | |||||||
Pre-tax earnings from continuing operations | 1,048 | (2,694) | (2,890) | 2,980 | 3,645 | 1,854 | |||||||
Fixed charges: | |||||||||||||
Interest expense | 5,206 | 9,781 | 10,044 | 9,993 | 11,409 | 14,866 | |||||||
Interest portion of rentals 1 | 258 | 527 | 534 | 624 | 638 | 637 | |||||||
Preferred dividend requirements | 0 | 0 | 0 | 53 | 236 | 231 | |||||||
Total fixed charges | 5,464 | 10,308 | 10,578 | 10,670 | 12,283 | 15,734 | |||||||
Pre-tax earnings before fixed charges | 6,512 | 7,614 | 7,688 | 13,650 | 15,928 | 17,588 | |||||||
Noncontrolling interests | (2) | (6) | (7) | 445 | 669 | 333 | |||||||
Earnings before fixed charges and provision for income taxes | 6,514 | 7,620 | 7,695 | 13,205 | 15,259 | 17,255 | |||||||
Ratio of earnings to fixed charges | 1.19 | 0.74 | 0.73 | 1.24 | 1.24 | 1.10 | |||||||
1 Amounts reflect a portion of premises and real estate expenses deemed representative of the interest factor. |
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