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A full merger would create one of the largest systemically important financial institutions in Europe. The balance sheet total of UBS – the largest Swiss bank – amounted to the equivalent of 1030 billion euros in 2022, that of Credit Suisse to the equivalent of 535.44 billion euros. UBS had made a profit of $7.6 billion in 2022 (currently $7.07 billion). Credit Suisse, on the other hand, reported a loss of CHF 7.3 billion (EUR 7.4 billion).