{
  "docId": "019dd923-5e88-73ef-bd57-fcc3cf532e42",
  "docSlug": "72c67d77b7b29fa0",
  "documentTitle": "ubs best of switzerland conference presentation",
  "authorId": "UBS",
  "authorName": "UBS",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "portrait",
  "aspectRatio": 0.707,
  "pageNumber": 43,
  "pageCount": 446,
  "prevPage": 42,
  "nextPage": 44,
  "slideType": "other",
  "function": "summarize",
  "density": "overcrowded",
  "nDataPoints": 6,
  "notes": "The slide is structured as a narrative report with distinct sections for different stakeholder groups.",
  "elementsJson": [
    "headline_text",
    "paragraph"
  ],
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd57-fcc3cf532e42/43",
  "deckHref": "/decks/019dd923-5e88-73ef-bd57-fcc3cf532e42",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd57-fcc3cf532e42.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd57-fcc3cf532e42#slide-43",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "The negative effects of the COVID-19 crisis on our financial and capital positions remained limited in 2021, despite the uncertainties caused by the pandemic.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-41a8-71cc-b86e-8ea533e097ec",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.42,
        "x": 0.07,
        "y": 0.61
      },
      "kind": "paragraph",
      "text": "Our support for communities",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "02c32594-c53f-425b-af3a-d426a43e18e8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.42,
        "x": 0.51,
        "y": 0.46
      },
      "kind": "paragraph",
      "text": "Due to the ongoing pressure placed on employees by closed workplaces and schools, restricted activities and varying degrees of lockdown, we continued with a range of supportive measures throughout 2021. The offer to our employees included a variety of tools and resources to support employees' physical, mental, financial and social well-being, as well as continuing flexibility to manage various work / life demands.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "08a89cd5-3d83-428f-aad2-6dae46bd1a7b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.42,
        "x": 0.51,
        "y": 0.41
      },
      "kind": "paragraph",
      "text": "Throughout 2021, we continued to prioritize the health and safety of our employees and clients and to adapt our processes related to office work and in-person meetings in line with country- and location-specific developments.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "09bc8480-90a4-4708-b1cd-a300579188be",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.42,
        "x": 0.07,
        "y": 0.28
      },
      "kind": "paragraph",
      "text": "Our support for clients and the economies in which we operate",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "468502f5-b5ad-4dc6-9a4f-07276cc47585",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.42,
        "x": 0.07,
        "y": 0.15
      },
      "kind": "paragraph",
      "text": "In 2021, the COVID-19 pandemic, which had caused a globally unprecedented situation in 2020, continued to affect UBS and its employees and required our ongoing focus on safeguarding the well-being of our employees and their families, on serving our clients and ensuring operational continuity.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4747debf-566e-4796-b89f-c3c30aa1b0d8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.42,
        "x": 0.07,
        "y": 0.49
      },
      "kind": "paragraph",
      "text": "In the US, we continued to support the lending programs created under the CARES Act for small businesses. Working with a partner, we provided loans of USD 1.1 billion under the Paycheck Protection Program until the program expired in May 2021. We donated around USD 1 million of fees earned on such loans in 2021 to COVID-19 relief efforts and around USD 2 million in 2020.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "49ba6c33-9061-4ac3-aa63-01563cc66ae4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.42,
        "x": 0.51,
        "y": 0.64
      },
      "kind": "paragraph",
      "text": "The negative effects of the COVID-19 crisis on our financial and capital positions remained limited in 2021, despite the uncertainties caused by the pandemic. We maintained a strong capital and liquidity position in the face of the COVID-19 pandemic.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6b936308-5906-42fd-89a0-2f2f546735cf",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.11,
        "w": 0.42,
        "x": 0.07,
        "y": 0.37
      },
      "kind": "paragraph",
      "text": "The program established by the Swiss Federal Council in March 2020 to support small and medium-sized entities (SMEs) by guaranteeing loans granted by banks closed on 31 July 2020. Outstanding commitments of loans granted by UBS under the program amounted to CHF 2.2 billion on 31 December 2021, with a total amount drawn of CHF 1.6 billion, compared with the peak commitments of CHF 3.3 billion and the corresponding total amount drawn of CHF 1.7 billion as of 31 July 2020.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7f81cab6-8545-45bf-8a0a-bae22d105ac7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.42,
        "x": 0.07,
        "y": 0.32
      },
      "kind": "paragraph",
      "text": "We continued to support our clients with advice needed to manage their assets and liabilities, along with actively developing investment solutions and global insights.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b4e12ea4-58a7-4b4d-b60f-96cb4409e354",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.13,
        "w": 0.42,
        "x": 0.07,
        "y": 0.64
      },
      "kind": "paragraph",
      "text": "Following earlier donations to various COVID-19-related aid projects that support communities across regions in which we operate, and recognizing the critical importance of ensuring access to COVID-19 vaccines globally, in 2021 UBS partnered with Gavi, the global vaccine alliance, to raise funds for its COVID-19 Vaccines Global Access (COVAX) facility. UBS Optimus Foundation raised USD 2 million from clients for the Gavi COVAX facility, which, with matching funds from UBS and the Bill & Melinda Gates Foundation, will support COVID-19 vaccinations for more than 800,000 people in low- and middle-income countries.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "db6e4c5b-3abf-4626-b842-49294e8f5c84",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.42,
        "x": 0.51,
        "y": 0.59
      },
      "kind": "paragraph",
      "text": "Effects of the COVID-19 pandemic on our financial and capital position",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f3de00d5-a5fa-4b75-bc4e-c699d678793a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.42,
        "x": 0.51,
        "y": 0.38
      },
      "kind": "paragraph",
      "text": "Our support for employees",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f8803137-f2ad-4a3c-9148-b731b83c44e8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.13,
        "w": 0.42,
        "x": 0.51,
        "y": 0.15
      },
      "kind": "paragraph",
      "text": "More recently, we have committed to a range of relief programs in India through the UBS Optimus Foundation COVID-19 Response Fund. Following the first tranche in the second quarter of 2021, which focused on the delivery of oxygen and other medical supplies to those most in need, the current tranche centers around building healthcare worker capacity across underserved and remote locations, as well as supporting the mental health of children and young people to help them cope with the effects of the COVID-19 pandemic.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f984427f-0ea7-4733-bb57-b964635bc845",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.3,
        "x": 0.07,
        "y": 0.09
      },
      "kind": "title",
      "text": "Our response to COVID-19",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f5cd64fa-36f6-4fe9-9e50-5dc10c569d79",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}