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.
|Address||GD-Zürich, 8065, Zürich, Switzerland|
|Phone||044 808 11 11|
|Fax||091 857 44 05|
|Head of Group||Credit Suisse (Switzerland)|
|Bank Category||Big banks|
|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)|
|European Presence||20 banks in 13 countries|
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.
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.
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|
|Short-Term Issuer Default Rating||F1|
|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).
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 Bank Deposit Rating||A1|
|Bank Financial Strength Rating||baa2|
Outlook for the ratings of Credit Suisse AG is set to stable (not likely to change).
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)|
|Long-Term Local Currency Rating||A|
|Outlook||stable (not likely to change)|
|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 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|
Further Information: Deposit Guarantee Scheme in Switzerland
Any bank can be identified for different purposes and hence can have several different identifiers.
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.