Credit Suisse Group AG Financial Performance from Time to Time- Credit Suisse Group AG is one of the biggest investment bank and financial services firm. Operationally, this Credit Suisses Group has main office Paradeplatz, Zürich, Switzerland. Historically, this financial group was founded on 1856 by Alfred Escher. Along with business development, as of 2022, Credit Suisse Group has 50,110 of employees, with 3520 relationship managers globally, and 1,614 billion Swiss franc (CHF) Assets Under Management (AUM).
Based on its operation in doing the business, Credit Suisse has operated some divisions including Wealth Management, Swiss Bank, Assets Management, Investment Bank, Corporate Center, and Capital Release Unit. Based on the financial structure of company, Credit Suisse still has vulnerable financial conditions. The assets of Credit Suisse in 2014 is around CHF 47 billion and it had grown into CHF 99.5 billion. Meanwhile, the liabilities increase rapidly from CHF 8.4 billion and It had grown into CHF 77 Billion. The Increase of liabilities is bigger than equities.
Credit Suisse Group AG’s Balance Sheet Conditions
| Years | Assets | Liabilities | Equities |
|---|---|---|---|
| CHF million | CHF million | CHF million | |
| 2022 | 99,850 | 77,189 | 22,661 |
| 2021 | 112,523 | 69,759 | 42,764 |
| 2020 | 104,218 | 59,712 | 44,506 |
| 2019 | 84,863 | 39,188 | 45,675 |
| 2018 | 77,674 | 29,920 | 47,754 |
| 2017 | 69,025 | 20,587 | 48,438 |
| 2016 | 53,690 | 8,818 | 44,872 |
| 2015 | 52,909 | 8,161 | 44,748 |
| 2014 | 47,619 | 8,437 | 39,182 |
| Source :Credit Suisse Group AG Annual Report, 2015-2022 | |||
All of the data was obtained from Balance sheet of Credit Suisse annual report from 20215 to 2022. Balance Sheet basically describes the financial structure/ foundation of the company annually. The balance sheet contains Assets, Liabilities, and Equities. Assets is the physical and non-physical properties that company has own in running the business. Liabilities in the debt or obligation that company must be paid off in the future. Lastly, equities or commonly known as net asset is the deduction between assets and liabilities.
Credit Suisse Group AG’s Income Statement Conditions
| Years | Total Operating Income | Net Income |
|---|---|---|
| (CHF million) | (CHF million) | |
| 2022 | 3,411 | -24,128 |
| 2021 | 2,268 | -2,760 |
| 2020 | 1,848 | -197 |
| 2019 | 1,676 | -4 |
| 2018 | 1298 | -51 |
| 2017 | 881 | -37 |
| 2016 | 830 | -147 |
| 2015 | 826 | 124 |
| 2014 | 695 | 145 |
| Source :Credit Suisse Group AG Annual Report, 2015-2022 | ||
Based on the business performance, the Credit Suisse Group showed negative performance from 2016 to 2022. They didn’t get any profit in running their business. In 2022, the net loss of Credit Suisse is around CHF 24.1 billion. All of these data were obtained from Income Statement, Annual Report of Credit Suisse from 2015 to 2022. Basically, income statement summarizes the business performance of the company annually. In this report, The recorded loss of profit of the company can be seen.
Bibliography of Credit Suisse Group AG Financial Performance from Time to Time
Credit Suisse AG. 2023. Annual Report 2015- 2022. Accessed via https://www.credit-suisse.com/about-us/en/reports-research/annual-reports.html on March 18th, 2023.
