Operating income was CHF5.96bn for the fourth quarter of 2011, compared to CHF7.14bn for the same period a year ago.
The bank’s Global Asset Management business reported a pre-tax profit of CHF118m, down 20%, compared to CHF148m for the same period in the prior year.
Wealth Management unit’s pre-tax profit increased 2% to CHF471m, compared to CHF462m for the same period in the previous year.
Investment banking unit had a pre-tax loss of CHF256m, compared to a pre-tax profit of CHF100m for the same period in 2010.
Wealth Management Americas posted a pre-tax profit of CHF114m, compared to a pre-tax loss of CHF32m for the same period in the last year.
Switzerland-based bank was hurt by a $2bn trading scandal in 2011.
