Credit Suisse AG

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.

Bank Category

Big banks

Services

Retail Banking
Private Banking
Corporate Banking
Investment Banking

Products

Financials

Total Assets (2016)
507.80 bln CHF  (-23.29%)
Net Income (2017)
-1 228 000 000.00 CHF  (-56.71%)

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.

Contacts

GD-Zürich, 8065, Zürich, Switzerland
571
044 808 11 11
091 857 44 05

Credit Suisse AG is headquartered in Zürich.

Bank Identifiers

BIC (SWIFT)
CRESCHZZ81G
Company Number
CHE-106.831.974
Founded
1856

Business Summary

Services
retail banking
private banking
corporate banking
investment banking
Products
current accounts
credit cards
savings accounts
time deposit accounts (0.13 - 0.38 %)
consumer loans
mortgage loans

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.

Products

Time Deposit Accounts

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 However the money deposited to such account cannot be withdrawn for a specified period of time (term).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

Kassenobligation
Sales Region
Switzerland
Account Currency
EUR
Interest Rate (p.a.)
0.13 %
Deposit Term (months)
48
Time Deposit Account Details
Product Name
Kassenobligation
Account Currency
EUR
Interest Rate (p.a.)
0.13 %
Deposit Term (months)
48
Kassenobligation
Sales Region
Switzerland
Account Currency
EUR
Interest Rate (p.a.)
0.13 %
Deposit Term (months)
60
Time Deposit Account Details
Product Name
Kassenobligation
Account Currency
EUR
Interest Rate (p.a.)
0.13 %
Deposit Term (months)
60
Kassenobligation
Sales Region
Switzerland
Account Currency
EUR
Interest Rate (p.a.)
0.25 %
Deposit Term (months)
72
Time Deposit Account Details
Product Name
Kassenobligation
Account Currency
EUR
Interest Rate (p.a.)
0.25 %
Deposit Term (months)
72
Kassenobligation
Sales Region
Switzerland
Account Currency
EUR
Interest Rate (p.a.)
0.38 %
Deposit Term (months)
84
Time Deposit Account Details
Product Name
Kassenobligation
Account Currency
EUR
Interest Rate (p.a.)
0.38 %
Deposit Term (months)
84

Switzerland: This product is offered to Swiss residents only. When clicking on the product link you will be redirected to the product page in German, French or Italian.

See Also

Financial Positions

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.

Total Assets of Credit Suisse AG.

Chart 1. Total Assets of Credit Suisse AG.

Profit and Loss

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.

Net Income of Credit Suisse AG.

Chart 2. Net Income of Credit Suisse AG.

Market Share and Rank (among banks in Switzerland)

Total Assets (2016)
1st (market share 16.41%)

In 2016 Credit Suisse AG was ranked the 1st largest bank in Switzerland in terms of total assets, having 16.41% of the domestic market share.

Market share of Credit Suisse AG (among banks in Switzerland)

Chart 3. Market share of Credit Suisse AG (among banks in Switzerland)

Several banks having the market shares and ranks closest to Credit Suisse AG are shown below.

RankNameTotal AssetsMarket Share
1 Credit Suisse AG507800.70 mln CHF16.41%
2 UBS AG439475.88 mln CHF14.20%
3 UBS Switzerland AG (new)294496.68 mln CHF9.52%
 

Market Share and Rank (among Big banks in Switzerland)

Total Assets (2016)
1st (market share 34.90%)

In 2016 Credit Suisse AG was ranked the 1st largest big bank in Switzerland in terms of total assets, having 34.90% of the category's market share.

Market share of Credit Suisse AG (among Big banks in Switzerland)

Chart 4. Market share of Credit Suisse AG (among Big banks in Switzerland)

Several big banks having the market shares and ranks closest to Credit Suisse AG are shown below.

RankNameTotal AssetsMarket Share
1 Credit Suisse AG507800.70 mln CHF34.90%
2 UBS AG439475.88 mln CHF30.21%
3 UBS Switzerland AG (new)294496.68 mln CHF20.24%
 

Credit Ratings (as of May 2018)

Fitch Moody's
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.

Fitch

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-
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F2
Viability Rating  a-
Support Rating  5
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).

Deposit Guarantee

Deposit Guarantee
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)
Covered Currencies  all
Maximum Protected Amount  100 000 CHF
Paid In Currency  CHF

Further Information

BIC

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.

BIC  CRESCHZZ81G
Bank BIC Code  CRES
Country Code  CH (Switzerland)
Location Code  ZZ
Branch Code  81G

Company Registration Number

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.

Company Number  CHE-106.831.974