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Oswald Gr?bel, CEO of UBS, said the problems of "very low levels of client activity.

Investment banking arm Bank Switzerland made a loss before tax of Sfr406m (￡ 206 m) for three months returned recently to profitability after several years of losses in the wake of the financial crisis.

Oswald Grübel, Director of UBS, said the problems of "very low levels of client activity. It also pointed out the current strength of the Swiss franc against the other currencies.

Mr Grübel added remains optimistic. ""We are optimistic that an uptick in the fourth quarter will benefit all our divisions of the company," he said.

Groups of UBS profits dropped by 17pc Sfr1.66bn compared to the second trimestre.Pour nine months profit are close to Sfr6bn, compared to a loss in 2009 for the same period of Sfr3.9bn.

Independent research firm CreditSights said results of the UBS analysts indicate that "his recovery is still fragile," especially in the business investment banks, which was the source of much of the problems of the Bank for the financial crisis.

"The loss of the common market and personnel can be lined with quarters in markets, conditions are favorable, but when times are difficult, the challenge of reconstruction work is more apparent, said CreditSights."

Hope for UBS zone is his fortune management company that has always been one of the strong points of the Bank but injured by outputs massive during the crisis.

Results for the third quarter showed net inflows new funds on the activities of Sfr900m, including the new currency Sfr300m in the Americas, where he was to be feared that a stricter attitude by the American authorities on the offshore money could be damaging to the Bank.

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