Founded in 1856, Credit Suisse is a Swiss-based international financial company. Credit Suisse is one of the largest universal banks in Switzerland offering comprehensive advice and a broad range of retail, private, corporate banking products and services to individuals, corporate and institutional clients. On the international markets Credit Suisse offers wealth management and investment banking solutions.
Credit Suisse AG is the 1st largest bank in Switzerland in terms of total assets. In 2016 its total assets were 507,80 bln CHF, providing the bank with the market share of 16.41%. Credit Suisse AG is the 1st largest big bank in Switzerland (out of 4 big banks) having market share of 34.90% amongst the banks of this category. In 2017 the bank's net income was -1 228,00 mln CHF.
Credit Suisse AG is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A- (high credit quality).
Credit Suisse AG participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.
Credit Suisse AG is headquartered in Zürich.
time deposit accounts (0.13 - 0.38 %)
Credit Suisse AG provides products and services in the areas of retail banking, private banking, corporate banking, investment banking. The range of products offered by Credit Suisse AG includes current accounts, credit cards, savings accounts, time deposit accounts (0.13 - 0.38 %), consumer loans, mortgage loans.
Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).
Time deposit accounts made with Credit Suisse AG are covered by deposit guarantee scheme of Switzerland up to 100 000 CHF per depositor. Credit Suisse AG offers the following time deposit accounts.
Updated on 22 June 2018
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|Total Assets (2016)|
|507.80 bln CHF (-23.29%)|
In 2016 total assets of Credit Suisse AG were 507.80 bln CHF. Decline compared to the previous period (2015) was -23.29%. The evolution of the total assets of Credit Suisse AG is shown at Chart 1 below.
Chart 1. Total Assets of Credit Suisse AG.
|Net Income (2017)|
|-1 228 000 000.00 CHF (-56.71%)|
In 2017 net income of Credit Suisse AG was -1 228 000 000.00 CHF. Decline compared to the previous period (2016) was -56.71%. The evolution of the net income of Credit Suisse AG is shown at Chart 2 below.
Chart 2. Net Income of Credit Suisse AG.
|A- (high credit quality)||- (not rated)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Credit Suisse AG is rated by Fitch.
Credit ratings assigned to Credit Suisse AG as of May 2018 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Credit Suisse AG it is set to A- (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Credit Suisse AG is set to F2 (good short-term credit quality).
|Long-Term Issuer Default Rating||A-|
|Short-Term Issuer Default Rating||F2|
|Support Rating Floor||NF|
Viability rating for Credit Suisse AG is set to a- (high fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).
|Yes (up to 100 000 CHF per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Switzerland are obliged to participate in Swiss deposit guarantee scheme.
In the case of Credit Suisse AG failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||private individuals, commercial enterprises and public-sector offices|
|Covered Accounts||credit balances (e.g. personal accounts, savings accounts, investment accounts, salary accounts, numbered accounts, deposit accounts and current accounts)|
|Maximum Protected Amount||100 000 CHF|
|Paid In Currency||CHF|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of Credit Suisse AG and its components are shown in the table below.
|Bank BIC Code||CRES|
|Country Code||CH (Switzerland)|
Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.
The following banks operating under Credit Suisse brand name has been recently closed down: