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      "text": "Our CET1 capital ratio increased 1.2 percentage points to 15.0%, reflecting a USD 5.4 billion increase in CET1 capital that was partly offset by a USD 13.1 billion increase in RWA.",
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      "text": "CET1 capital: 45.3 billion",
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      "text": "Our gone concern loss-absorbing capacity ratio decreased from 15.8% to 14.6% and our gone concern leverage ratio decreased from 4.4% to 4.1%, mainly driven by an increase in RWA and LRD, respectively, and the aforementioned decrease in gone concern loss-absorbing capacity.",
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      "text": "The decrease was mainly due to four TLAC-eligible senior unsecured debt instruments denominated in US dollars, euro and Swiss francs that ceased to be eligible as they had less than one year to maturity, the call of a low-trigger tier 2 capital instrument denominated in euro, a low-trigger loss-absorbing tier 2 capital instrument denominated in US dollars that ceased to be eligible as it had less than one year to maturity, and the call of a TLAC-eligible senior unsecured debt instrument denominated in euro, as well as interest rate risk hedge, foreign currency translation and other effects. These decreases were partly offset by 16 issuances of TLAC-eligible senior unsecured debt instruments denominated in euro, US dollars, Swiss francs, pounds sterling and Australian dollars.",
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      "text": "Our loss-absorbing additional tier 1 (AT1) capital decreased by USD 1.1 billion to USD 15.2 billion, mainly due to two calls of USD 2.6 billion of AT1 capital instruments denominated in US dollars and foreign currency translation and interest rate risk hedge effects, partly offset by two issuances of USD 2.25 billion of AT1 capital instruments denominated in US dollars.",
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      "text": "Our CET1 capital mainly consists of: share capital; share premium, which primarily consists of additional paid-in capital related to shares issued; and retained earnings. A detailed reconciliation of IFRS equity to CET1 capital is provided in the \"Reconciliation of IFRS equity to Swiss SRB common equity tier 1 capital\" table.",
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      "text": "Our CET1 leverage ratio increased 0.39 percentage points to 4.24% as of 31 December 2021, as the aforementioned increase in CET1 capital was partly offset by a USD 32 billion increase in LRD.",
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      "text": "Refer to \"UBS shares\" in this section for more information about our share repurchase programs",
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      "text": "Our CET1 capital increased by USD 5.4 billion to USD 45.3 billion as of 31 December 2021, mainly as a result of operating profit before tax of USD 9.5 billion, a USD 0.5 billion increase in eligible deferred tax assets on temporary differences, a USD 0.4 billion decrease in deduction of goodwill resulting from the sale of our remaining minority investment in Clearstream Fund Centre AG (previously Fondcenter AG) and an increase of USD 0.2 billion related to the launch of our new operational partnership entity with Sumitomo Mitsui Trust Holdings, Inc. These effects were partly offset by dividend accruals of USD 1.7 billion, current tax expenses of USD 1.6 billion, share repurchases under our share repurchase program of USD 0.6 billion, negative foreign currency effects of USD 0.6 billion, compensation- and own share-related capital components of USD 0.4 billion, and negative effects from defined benefit plans of USD 0.2 billion.",
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