There is a probability that UBS AG, Switzerland’s biggest bank will post its third quarter’s profit tomorrow, along with the decreased wealth management redemptions.

As per the average estimate of 16 analysts polled by Bloomberg News, the bank’s net income could reach to 1.16 billion Swiss francs for the third quarter, as compared to a loss of 564 million francs experienced, the last year. Also, there may be a decline in net withdrawals by wealthy clients to the tune of 2.6 billion francs from 26.6 billion francs a year earlier.

Due to the losses incurred by bank during financial crisis and U. S. authorities’ allegation of assisting American evading taxes, a number of clients of banks defaulted.

Christopher Wheeler, a London-based analyst at Mediobanca SpA stated that the quarter could bring good results for the bank and according to him, the bank’s net new assets in the third quarter would rise to .5 billion francs.

He said, “There’s been a massive change in wealth management over the last 12 months. A whole array of people has been put in place”.

Oswald Gruebel, Chief Executive Officer aimed at restricting asset outflows this year. Since March 2008, an amount worth 251.6 billion francs had been taken out by UBS clients and the management was left with 1.61 trillion of assets. The funds started pouring in, in the first half of this year. In the second quarter, outflows slowed to 8.1 billion francs from 15.4 billion francs in the first quarter.