Exhibit 12.2
Ratio of earnings to fixed charges (Bank)
Ratio of earnings to fixed charges | |||||||||||||
in | 6M18 | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||
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 | 1,887 | 1,553 | (2,489) | (2,649) | 3,220 | 3,882 | |||||||
Income/(loss) from equity method investments | (119) | (229) | (205) | (241) | (240) | (237) | |||||||
Pre-tax earnings from continuing operations | 1,768 | 1,324 | (2,694) | (2,890) | 2,980 | 3,645 | |||||||
Fixed charges: | |||||||||||||
Interest expense | 6,304 | 10,369 | 9,781 | 10,044 | 9,993 | 11,409 | |||||||
Interest portion of rentals 1 | 236 | 497 | 527 | 534 | 624 | 638 | |||||||
Preferred dividend requirements | 0 | 0 | 0 | 0 | 53 | 236 | |||||||
Total fixed charges | 6,540 | 10,866 | 10,308 | 10,578 | 10,670 | 12,283 | |||||||
Pre-tax earnings before fixed charges | 8,308 | 12,190 | 7,614 | 7,688 | 13,650 | 15,928 | |||||||
Noncontrolling interests | 9 | 27 | (6) | (7) | 445 | 669 | |||||||
Earnings before fixed charges and provision for income taxes | 8,299 | 12,163 | 7,620 | 7,695 | 13,205 | 15,259 | |||||||
Ratio of earnings to fixed charges | 1.27 | 1.12 | 0.74 | 0.73 | 1.24 | 1.24 | |||||||
1 Amounts reflect a portion of premises and real estate expenses deemed representative of the interest factor. |