Norges Bank Top Shareholder Of UBS
Posted on 09/12/2023
Norges Bank, with assets of US$ 1.4 trillion, is a believer in Swiss bank UBS, which has been digesting Credit Suisse over the last several months. The sale was completed in June 2023 for US$ 3.25 billion. Norges Bank now owns 5.3% of UBS. The next closest shareholder is mutual fund manager Dodge & Cox with 4.8%. BlackRock is also a fan with 4.3%. UBS reported profits of US$ 28.9 billion in Q2.