Fourth Quarter and Full Year 2016 Results Presentation
Swiss Universal Bank
Strong full year performance with the fourth consecutive quarter of YoY PTI growth
Adjusted key financials in CHF mn
4Q16
3Q16 4Q15
2016
2015
Net revenues
1,379
1,321 1,4001
5,393 5,6031
o/w Private Banking
838
814
8811
3,338
o/w Corp. & Inst. Banking
541
507
5191
2,055
3,5911
2,0121
Provision for credit losses
34
30
43
79
138
Total operating expenses
967
860
1,021
3,576
3,841
Pre-tax income
378
431
3361
1,738
1,6241
Pre-tax income ex Swisscard
378
431
3361
1,738
1,5991
o/w Private Banking
171
214
1411
879
8031
o/w Corp. & Inst. Banking
207
217
195¹
859
7961
Cost/income ratio
70%
65%
73%
66%
69%
Return on regulatory capital+
12%
14%
11%
14%
13%
Key metrics in CHF bn
4Q16
3Q16 4Q15
2016
Adj. net margin in bps
28
35
231
36
2015
321
Net new assets
(3.5)
0.2
(2.9)
(1.7)
3.2
Mandates penetration
30%
29%
26%
30%
26%
Net loans
166
167
163
166
163
Net new assets C&IB
2.5
(1.2)
4.2
4.3
10.6
Risk-weighted assets
66
66
60
66
60
Leverage exposure
253
246
238
253
238
PB
Key messages
Execution
Profitable growth
Legacy
Capital
Detailed Financials
Pre-tax income up 13% compared to 4Q15; full year 2016 result²
improved 9% YoY with continued focus on cost discipline
Improved revenues from 3Q16; slightly down from 4Q15 which
included an extraordinary dividend from our ownership in SIX Group
Operating expenses down 5% from 4Q15
Credit provisions at low levels, reflecting the quality of our loan
portfolio
Wealth Management
Credit Suisse Invest continued driving mandates penetration of
30%, up 4 pp. vs. 4Q15
Continued selected exits in the External Asset Manager (EAM)
business and regularization outflows impacted 4Q16 NNA by
CHF (1.9) bn, totaling CHF (3.8) bn for full year 2016
AuM of CHF 243 bn (up CHF 2 bn / 1% vs. full year 2015)
Corporate & Institutional Banking
Continued strong result with improved revenue performance QoQ /
YoY; good IB momentum in Switzerland reflected in a strong
increase in revenues in 4Q16
Total AuM of CHF 289 bn (up CHF 13 bn / 5% vs. full year 2015)
Note: Financial and other information is for Swiss Universal Bank division. Scope of Credit Suisse (Schweiz) AG differs from Swiss Universal Bank division. All financial numbers presented and discussed are adjusted, unless
otherwise stated. Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix
1 Includes an extraordinary dividend from SIX Group of CHF 24 mn in PB and CHF 4 mn in C&IB in 4Q15 2 Adjusted to exclude Swisscard net revenues and operating expenses for 2015 in SUB PB
CREDIT SUISSE
+ See Appendix
February 14, 2017
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