Credit Suisse’s Response to SNB Financial Stability Report Donnerstag, 16. Juni 2016 - 13:00

Credit Suisse’s Response to SNB Financial Stability Report

Credit Suisse had total capital, equity and contingent capital instruments, of CHF 49.3 billion as of end March 2016, equivalent to a going-concern capital ratio of 17.0% and a going-concern leverage ratio of 5.1% which compares to a fully phased-in requirement under TBTF2 of 14.3% and 5.0%, respectively. As the SNB’s Financial Stability Report confirms, our equity leverage ratio stands at 3.3%, compared to the 2020 fully phased-in requirement of 3.5%. We have already announced that, as part of our debt capital program between now and 2024, we will align our existing contingent capital stock from CHF 18.5 billion of high and low trigger instruments to around CHF 15 billion of fully-compliant AT1 high-trigger instruments, in line with the SNB’s comments today.

Zurich
16.06.2016

Media Relations
Credit Suisse Group
CH-8070 Zurich
Tel. +41 844 33 88 44
media.relations@credit-suisse.com

Credit Suisse AG

Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 48'100 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

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