Professional Documents
Culture Documents
Q3 PDF
Q3 PDF
Agenda
Forex Trading
Business Development
Development of Services
Balance Sheet
Key Figures
eForex
CHF m illion
16'000
14'000
Forex (Trading)
Revenue
12'000
10'000
8'000
6'000
4'000
2'000
0
9m 2005
9m 2006
9m 2007
9m 2008
9m 2009
eForex
USD billion
1400
20
18
Forex Turnover
16
Clients
1200
14
1000
12
800
10
8
600
400
200
0
Q2-08
Q3-08
Q4-08
Q1-09
Q2-09
Q3-09
Business Development
Client Growth
150'000
140'000
Saving Increase
130'000
Trading Increase
120'000
Saving
Trading
110'000
100'000
90'000
80'000
70'000
60'000
50'000
Q3-08
Q2-08
Q1-08
Q4-07
Q3-07
Q2-07
Q1-07
Q4-06
Q3-06
Q2-06
Q1-06
Q4-05
136984 clients
Client Growth
Total Accounts [T,C,M]
Target
Requests
240
140000
138000
136000
134000
132000
130000
128000
126000
124000
122000
120000
118000
116000
114000
112000
110000
108000
220
200
180
160
140
120
100
80
60
40
01.dc
01.nov
01.oct
01.sept
01.aot
01.juil
01.juin
01.mai
01.avr
01.mars
01.fvr
01.janv
20
0
6'000
5'500
5'000
4'500
4'000
3'500
3'000
2'500
2'000
1'500
Q3-09
Q2-09
Q1-09
10
Q4-08
Q3-08
Q2-08
Q1-08
Q4-07
Q3-07
Q2-07
Q1-07
Q4-06
Q3-06
Q2-06
Q1-06
Q4-05
Q3-05
Q2-05
Q1-05
35.0
darts
tpcpy
30.0
10'000
25.0
8'000
20.0
6'000
15.0
4'000
10.0
2'000
5.0
0.0
Q3-09
Q2-09
Q1-09
Q4-08
Q3-08
Q2-08
Q1-08
Q4-07
Q3-07
Q2-07
Q1-07
Q4-06
Q3-06
Q2-06
Q1-06
Q4-05
Q3-05
Q2-05
Q1-05
Q4-04
Q3-04
Q2-04
Q1-04
Q4-03
Q3-03
Interest
30'000
Trading
25'000
Commission
20'000
15'000
10'000
5'000
0
Q3-09
Q2-09
Q1-09
Q4-08
Q3-08
Q2-08
Q1-08
Q4-07
Q3-07
Q2-07
Q1-07
Q4-06
Q3-06
Q2-06
Q1-06
Q4-05
Q3-05
Q2-05
Q1-05
12
140'000
01.dc
01.nov
01.oct
01.sept
01.aot
01.juil
01.juin
01.mai
01.avr
01.mars
01.fvr
01.janv
01.dc
01.nov
01.oct
Interest revenues cut by 4/5 over the last 12 months while total
balance sheet increased 460 Mio.
Interest revenues have bottomed in Q3-2009
13
Marketing
Revenues
450
400
350
300
250
200
150
100
50
0
Q3-09
Q2-09
Q1-09
Q4-08
Q3-08
Q2-08
Q1-08
Q4-07
Q3-07
Q2-07
Q1-07
Q4-06
Q3-06
Q2-06
Q1-06
Q4-05
Q3-05
Q2-05
Q1-05
Q4-04
Q3-04
Q2-04
Q1-04
Operating P ro fit
Quarterly Revenues
15
Q3-09
Q2-09
Q1-09
Q4-08
Q3-08
Q2-08
Q1-08
Q4-07
Q3-07
Q2-07
Q1-07
Q4-06
Q3-06
Q2-06
Q1-06
Q4-05
Q3-05
Q2-05
Net Profit
CHF '000
60%
18'000
Operating Profit
16'000
Net Profit
50%
OP M argin
14'000
40%
12'000
10'000
30%
8'000
20%
6'000
4'000
10%
2'000
0%
Q3-09
Q2-09
Q1-09
Q4-08
Q3-08
Q2-08
Q1-08
Q4-07
Q3-07
Q2-07
Q1-07
Q4-06
Q3-06
Q2-06
Q1-06
Q4-05
Q3-05
Q2-05
16
Asset Margin
7'000
300
6'000
250
5'000
200
4'000
150
3'000
100
2'000
50
1'000
17
Q3-09
Q2-09
Q1-09
Q4-08
Q3-08
Q2-08
Q1-08
Q4-07
Q3-07
Q2-07
Q1-07
Q4-06
Q3-06
Q2-06
Q1-06
Q4-05
Q3-05
0
Q2-05
9M-2009
18
Revenues
74.7m
-7.4m
-9.1%
Operating profit
32.5m
-9.8m
-23.1%
Net profit
26.9m
+2.8m
+11.9%
Clients
136984
+26431
+23.9%
Assets u. Custody
6378m
+1179m
+22.7%
Equity
165.5m
+34.8m
+26.6%
Q3-2009
19
Revenues
26.4m
+1.4m
+5.5%
Operating profit
12.2m
+1.5 m
+13.8%
Net profit
10.9m
+2.5m
+29.8%
Clients
136984
+5150
+3.9%
Assets u. Custody
6378m
+893.0
+16.3%
Equity
165.5m
+13.1m
+8.6%
20
Requests
7000
90
6000
75
5000
60
4000
45
3000
30
2000
15
1000
CHF'
m
External
Internal
01.sept
01.aot
01.juil
01.juin
01.mai
01.avr
01.mars
01.fvr
01.janv
01.dc
01.nov
0
01.oct
Saving Assets
200.0
180.0
160.0
140.0
120.0
100.0
80.0
60.0
40.0
20.0
21
01.sept
01.aot
01.juil
01.juin
01.mai
01.avr
01.mars
01.fvr
01.janv
01.dc
01.nov
01.oct
0.0
iPhone Application
Swissquote iPhone
application ranks No1 in
Switzerland (leads ahead of
Bloomberg and CNBC)
Release 3 allows direct
access to the account and
hence to all trading
functionalities.
Mobile Internet trading will
grow in importance in the
future. All Swissquote
services will be made mobile
22
23
24
Balance Sheet
25
CHF m
30.09.2009
31.12.2008
Assets
Cash & balance with Central Bank
Loans & advances to banks
Investment securities
Loans & advances to customers
Immobilisations
Other assets
Structure in %
30.09.2009
31.12.2008
761.6
591.3
299.9
88.8
31.5
40.9
293.2
764.7
165.9
71.7
31.3
19.3
468.4
-173.4
134.0
17.1
0.2
21.6
42.0%
32.6%
16.5%
4.9%
1.7%
2.3%
21.8%
56.8%
12.3%
5.3%
2.3%
1.4%
Total
1'814.0
1'346.1
467.9
100.0%
100.0%
1'420.4
187.1
41.0
165.5
1'086.4
80.0
40.6
139.1
334.0
107.1
0.4
26.4
78.3%
10.3%
2.3%
9.1%
80.7%
5.9%
3.0%
10.3%
Total
1'814.0
1'346.1
467.9
100.0%
100.0%
114.7
89.5
25.2
6.3%
6.6%
26.1%
22.4%
Equity surplus
Tier 1 ratio
26
Change
3.7%
761.6; 43%
1432.5; 79%
27
Other liabilities
Equity
7'000
Assets under Custodz
6'000
5'000
4'000
3'000
2'000
1'000
0
Q2-08
Q3-08
Q4-08
Q1-09
Q2-09
Q3-09
CHF m illion
180
160
Total Equity
Equity Surplus
140
120
100
80
60
40
20
0
Q2-08
28
Q3-08
Q4-08
Q1-09
Q2-09
Q3-09
Key Figures
29
9M-2009
9M-2008
53'828.4
7'475.0
13'433.5
Q2-2009
Change
Change [%]
5.7%
-69.3%
93.5%
20'021.1
1'861.1
4'506.8
18'322.8
2'280.6
4'405.9
1'698.3
(419.5)
100.9
9.3%
-18.4%
2.3%
(7'463.0)
-9.1%
26'389.0
25'009.3
1'379.7
5.5%
(18'551.6)
(14'555.4)
(6'718.1)
181.8
(3'229.1)
706.1
-1.0%
22.2%
-10.5%
(6'225.2)
(5'919.3)
(2'017.8)
(6'080.6)
(6'176.8)
(2'012.3)
(144.6)
257.5
(5.5)
2.4%
-4.2%
0.3%
(42'166.3)
(39'825.1)
(2'341.2)
5.9%
(14'162.3)
(14'269.7)
107.4
-0.8%
Operating Profit
32'570.6
42'374.8
(9'804.2)
-23.1%
12'226.7
10'739.6
1'487.1
13.8%
1'141.6
(6'788.2)
(9'346.6)
(8'967.8)
10'488.2
2'179.6
112.2%
-24.3%
1'141.6
(2'377.4)
(2'271.6)
1'141.6
(105.8)
4.7%
Net Profit
26'924.0
24'060.4
2'863.6
11.9%
10'990.9
8'468.0
2'522.9
29.8%
Change
Change [%]
Change
Change [%]
50'925.5
24'333.2
6'941.2
2'902.9
(16'858.2)
6'492.3
74'736.9
82'199.9
(18'369.8)
(17'784.5)
(6'012.0)
Total Expenses
43.6%
36.0%
51.6%
29.3%
30.09.2009
30.09.2008
Change
130'645
6'339
136'984
108'777
1'776
110'553
21'868
4'563
26'431
6'378.0
1'046.0
232
5'198.6
965.8
232
1'814.0
165.5
114.7
1'375.1
130.7
75.6
30
1'179.4
80.2
438.9
34.8
39.1
46.3%
41.6%
42.9%
33.9%
Change [%]
30.09.2009
30.06.2009
20.1%
256.9%
23.9%
130'645
6'339
136'984
126'949
4'885
131'834
22.7%
8.3%
0.0%
6'378.0
517.7
232
5'485.0
240.3
227
31.9%
26.6%
51.7%
1'814.0
165.5
114.7
1'647.3
152.4
100.6
3'696
1'454
5'150
893.0
277.4
5
166.7
13.1
14.1
2.9%
29.8%
3.9%
16.3%
115.4%
2.2%
10.1%
8.6%
14.0%