Credit Suisse is operating from a position of strength
+ As of the end of 4Q22, Credit Suisse had a CET1 ratio of 14.1% and Liquidity Coverage Ratio of 144%
+ The average LCR has since improved to about 150% (as of March 8, 2023).
+ Credit Suisse regulatory capital comprised of CHF 111bn of CET1, AT1, HoldCo and other gone concern capital reflecting the significant regulatory buffers ahead of client and counterparty exposures.
Progress Update
+ We are making significant progress toward our strategic goals, and are on an accelerated schedule, four months into our journey.
+ For example, we have completed the second closing of the Apollo transaction with respect to our Securitized Products Group (SPG) and have already achieved more than 70% of the targeted SPG asset reduction. The transaction will also serve to simplify and refocus the bank and release capital to invest in our core businesses.
www.credit-suisse.com/about-cs/en.html
+ As of the end of 4Q22, Credit Suisse had a CET1 ratio of 14.1% and Liquidity Coverage Ratio of 144%
+ The average LCR has since improved to about 150% (as of March 8, 2023).
+ Credit Suisse regulatory capital comprised of CHF 111bn of CET1, AT1, HoldCo and other gone concern capital reflecting the significant regulatory buffers ahead of client and counterparty exposures.
Progress Update
+ We are making significant progress toward our strategic goals, and are on an accelerated schedule, four months into our journey.
+ For example, we have completed the second closing of the Apollo transaction with respect to our Securitized Products Group (SPG) and have already achieved more than 70% of the targeted SPG asset reduction. The transaction will also serve to simplify and refocus the bank and release capital to invest in our core businesses.
www.credit-suisse.com/about-cs/en.html