2021 Investor Day
Our 2024 financial aspirations
Adj. RoRC+
excl. sign. items
Average 2018-2020
Wealth Management
Investment Bank
9%
16%
Swiss Bank
12%
Asset Management
Release USD >3 bn
of Investment Bank capital¹
over 2021-2022 ~(25)%;
targeted investments
from 2023
Invest CHF -3 bn of capital¹
into Wealth Management
over 2021-2024 +25%
35%
Increase capital¹
Strategic Plan 2024 Aspirations
Adj. RoRC+
excl. sign. items
Wealth Management
>18%
Investment Bank
>12%
Swiss Bank
>12%
Asset Management
>45%
Corp Center and SRU adj. pre-tax loss
CHF 1.4 bn
CIR
~80%
adj. excl. sign, items
CET1 ratio
12-13%
Leverage ratio
4.0-4.5%
Reported Group ROTE+
~7%
allocated to WM, SB, AM vs.
the IB to ~2.0x
in 2022 and beyond
Invest incremental
CHF 1.0-1.5 bn p.a. into
growth investments by 2024,
progressively increasing from 2022,
funded by structural cost savings
Corp Center adj. pre-tax loss
CHF -0.5 bn
CIR
adj. excl. sign. items
~70%
CET1 ratio
>14% pre-B3R
Leverage ratio
~4.5%
Reported Group ROTE+
>10%
Note: Historical information presented according to the new divisional structure is a preliminary estimate based on management accounts and subject to change. Results excluding certain items included in our reported results are non-GAAP financial
measures. For further details and reconciliation information, see the Appendix
+ RORC is a non-GAAP financial measure, see Appendix. Based on average of 13.5% RWA and 4.25% Leverage
Return on tangible equity, a non-GAAP financial measure, is calculated as annualized net income attributable to shareholders divided by average tangible shareholders' equity
1 Based on average of 13.5% RWA and 4.25% Leverage
CREDIT SUISSE
2021 Investor Day
November 4, 2021
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