The company operates a bank. The company may conduct all business directly or indirectly related to this purpose, as well as all business suitable for promoting this purpose, on its own account or on behalf of third parties, including: acceptance of third-party funds in all customary banking forms, including savings deposits; granting of covered and uncovered credits of all kinds; buying and selling of securities, currencies, foreign means of payment and precious metals for its own account and on behalf of third parties; buying and selling of goods on behalf of third parties; settlement of payment transactions and letters of credit; collection; issuance of checks and credit letters; provision of guarantees and warranties; acquisition and placement of securities of domestic and foreign issuers; investment advice, management of assets and liquidations; custody and management of assets of all kinds, rental of safe deposit boxes; participation in the establishment and management of investment funds; participation in the founding of companies and participation in such companies; execution of trust transactions; representation of foreign collective investment schemes, which are exclusively aimed at qualified investors, and the distribution of collective investment schemes. The company may acquire, encumber and sell real estate. Furthermore, the company may provide financing of any kind on its own account or on behalf of third parties and/or take advantage of such financing, and in particular enter into loan or collateral transactions with or for direct or indirect parent, subsidiary and other group companies, even if such financing and collateral transactions are in the exclusive interest of these parent, subsidiary and other group companies. The company may also provide management services to parent, subsidiary or other group companies. The business area extends to Switzerland and abroad. The company may establish branches and agencies in Switzerland and abroad.