UBS Sells 19 Branch Properties Across Switzerland

UBS consolidates its branch network by listing 19 former properties for sale in Switzerland, marking a significant shift in its operations.

In a strategic maneuver to streamline its branch network, UBS has announced the impending sale of 19 former branch properties scattered across the picturesque landscapes of Switzerland. This decision comes in the wake of the anticipated completion of the integration process with Credit Suisse, rendering these branches superfluous. A spokesperson for UBS confirmed this development on Friday, corroborating earlier reports from the financial blog Inside Paradeplatz.

“As previously articulated, our strategy involves the closure of redundant branches while retaining those that exhibit the highest operational efficacy,” the spokesperson elucidated.

According to excerpts from the sales brochure, which found its way into the digital realm via a German-speaking blog, the properties—along with individual floors—will be available for acquisition in a variety of locales, including but not limited to Locarno, Glarus, Einsiedeln, and Martigny. Prospective buyers will have the flexibility to purchase these assets either individually or as part of a “package,” which may encompass a partial or complete portfolio.

As UBS embarks on this integration journey, it has set its sights on shuttering a total of 85 branches located in overlapping areas. By the year 2026, the bank anticipates that its branch network will be streamlined to approximately 190 locations across Switzerland, a figure that intriguingly mirrors the number of branches UBS operated prior to its acquisition of Credit Suisse. In a world where mergers often lead to chaos, UBS appears to be navigating these turbulent waters with a blend of pragmatism and strategic foresight.