Credit Suisse Capital Metrics and Core Results 9M16
3Q16 results
Asia Pacific
Pre-tax income up YoY with continued investment in Wealth Management growth
Adjusted key financials in CHF mn
3Q16
2Q16
3Q15 A 2Q16 A 3Q15
Private Banking
346
337
303
+3%
+14%
Investment Banking
571
574
582
(1)%
(2)%
Net revenues
917
911
885
+1%
+4%
Provision for credit losses
34
3
24
Total operating expenses
708
692
699
+2%
+1%
Pre-tax income
175
216
162
(19)%
+8%
Cost/income ratio
77%
76%
79%
Return on regulatory capital
13%
16%
13%
PB
Key metrics in CHF bn
3Q16
2016
3Q15 A 2Q16 A 3Q15
Adj. net margin in bps
17
23
19
Net new assets
4.6
5.0
3.7
Number of RM
650
650
550
+100
Net loans
39
38
34
+2%
+12%
Risk-weighted assets
32
32
27
+2%
+21%
Leverage exposure
108
108
100
+1%
+8%
Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix
Key messages
Strong client activity levels with UHNWIs and Entrepreneurs across
Wealth Management and Underwriting & Advisory
Growth in WM with NNA of CHF 4.6 bn in 3Q16 and record level
AuM; high level of collaboration between WM and IB
Increase in operating expenses from investment in RMs and risk and
compliance functions, partially offset by YoY cost reductions in IB
YoY capital usage reflects growth in lending activities to
UHNW/Entrepreneur clients
Wealth Management
Revenue increase supported by higher loan volumes and AuM of
CHF 169 bn
Net margin down 2 bps vs. 3Q15 with growth in net interest income
and transactional revenues offset by higher operating expenses and
credit provisions
Increase in provision for credit losses relates to a small number of
share-based loans in Hong Kong
Investment Banking
Stronger revenues in Underwriting & Advisory driven by
Entrepreneur clients and improving markets
Equities sales and trading weaker YoY, albeit stable QoQ
Solid fixed income revenues reflecting strength in financing activities
and gains on structured deposits
CREDIT SUISSE
November 2016
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