Fourth Quarter and Full Year 2016 Results Presentation
Net cost savings of CHF 1.9 bn achieved in 2016,
exceeding target for the year by CHF 0.5 bn
Execution
Profitable growth
Legacy
Capital
Detailed Financials
Adjusted operating expenses at constant FX rates* in CHF bn
Key messages
(1.86)
21.24
<19.8
19.38
<18.5
<17.0
Full year
2015
2016
Target
Full year
2016
2017
2018
Target
Target
Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix
Headcount includes permanent full-time equivalent employees, contractors, consultants and other contingent workers
CREDIT SUISSE
Achieved full year net savings of CHF 1.9 bn, exceeding target by
CHF 0.5 bn, including net headcount reductions of more than
7,250
By end-2017 we target to be below CHF 18.5 bn, including an
incremental headcount reduction of more than 5,500 for the year
Committed to delivering on our end-2018 target with cost base of
below CHF 17.0 bn
* See Appendix
February 14, 2017
27View entire presentation