Credit Suisse makes strong progress on Group strategic priorities; reports net revenues of CHF 3.1 bn and pre-tax loss of CHF 1.3 bn along with a CET1 ratio of 14.1% in 4Q22

Ad hoc announcement pursuant to Art. 53 LR
Credit Suisse makes strong progress on Group strategic priorities; reports net
revenues of CHF 3.1 bn and pre-tax loss of CHF 1.3 bn along with a CET1 ratio
of 14.1% in 4Q22
“2022 was a crucial year for Credit Suisse. We announced our strategic plan to create a simpler, more focused bank, built around
client needs and since October we have been executing at pace. We successfully raised CHF ~4 billion in equity capital, accelerated
the delivery of our ambitious cost targets, and are making strong progress on the radical restructuring of our Investment Bank.
Today’s announcement of our acquisition of the M. Klein & Company investment banking business marks another milestone in the
carveout of CS First Boston as a leading independent capital markets and advisory business. The transaction should further
strengthen CS First Boston’s advisory and capital markets capabilities.
We have a clear plan to create a new Credit Suisse and intend to continue to deliver on our three-year strategic transformation by reshaping our portfolio, reallocating capital, right-sizing our cost base, and building on our leading franchises.”
Ulrich Körner, Chief Executive Officer of Credit Suisse Group AG

see & read more on
https://www.credit-suisse.com/media/assets/corporate/docs/about-us/media/media-release/2023/02/q4-22-press-release-en.pdf______________________________________________________________________