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.

Contacts 
    Address  GD-Zürich, 8065, Zürich, Switzerland
    P.O. Box  571
    Phone  044 808 11 11
    Fax  091 857 44 05
Head of Group   Credit Suisse (Switzerland)
Bank Category  Big banks
Start Date  1856
Financial Positions
    Total Assets (2015)  662.01 bln CHF ↓ (-2.98%)
Market Position and Market Share (among banks in Switzerland)
    Total Assets (2015)  1st (market share 21.92%)
Credit Ratings (as of Apr 2016)
    Fitch  A (high credit quality)
    Moody's  A1 (upper medium grade)
    S&P's  A (strong capacity to meet its financial commitments)
Deposit Guarantee  Yes (up to 100 000 CHF per depositor)
Bank Identifiers
    BIC (SWIFT)  CRESCHZZ81G
    Company Number  CHE-106.831.974
European Presence  20 banks in 13 countries

Financial Positions

In 2015 total assets of Credit Suisse AG were 662.01 bln CHF. Decline compared to the previous period (2014) was -2.98%. 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.

Credit Ratings

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.
Of the 'Big Three' rating agencies, Credit Suisse AG is rated by Fitch and Standard & Poor's.

Credit ratings assigned to Credit Suisse AG as of April 2016 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 F1 (highest short-term credit quality).

Long-Term Issuer Default Rating  A
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1
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).

Moody's

Long-term rating for Credit Suisse AG it is set to A1 (upper medium grade). Long-term bank deposit rating is A1 (upper medium grade). Bank financial strength rating is baa2. Short-term rating is not assigned.

Long-Term Rating  A1
Long-Term Bank Deposit Rating  A1
Bank Financial Strength Rating  baa2
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of Credit Suisse AG is set to stable (not likely to change).

Standard & Poor's

Long-term foreign currency rating for Credit Suisse AG is set to A (strong capacity to meet its financial commitments). Long-term local currency rating is set to A (strong capacity to meet its financial commitments).

Long-Term Foreign Currency Rating  A
    Outlook  stable (not likely to change)
    Credit Watch  -
Long-Term Local Currency Rating  A
    Outlook  stable (not likely to change)
    Credit Watch  -
Short-Term Foreign Currency Rating  A-1
Short-Term Local Currency Rating  A-1

Short-term foreign currency rating for Credit Suisse AG is set to A-1 (strong capacity to meet its financial commitments). Short-term local currency rating is set to A-1 (strong capacity to meet its financial commitments).

Deposit Guarantee

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: Deposit Guarantee Scheme in Switzerland

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

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

European Presence

This bank operates in the following European countries and selected dependent territories of the European countries:

Cayman Islands

Germany

Gibraltar

Guernsey

Ireland

Italy

Luxembourg

Monaco

Netherlands

Spain

Sweden

Switzerland

  •  (this bank) Credit Suisse AG (Zürich)

United Kingdom

Related Information on Switzerland

  Economy and Banking Sector of Switzerland

  List of Banks in Switzerland

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