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Press Release

Credit Suisse Group announces 2Q19 results

Continued improvement in operating performance with net income of CHF 937 million, up 45% year on year, and increased RoTE at 10%


  • Group Return on Tangible Equity (RoTE)1 significantly higher year on year at 10%, versus 8% for 1Q19 and 7% for 2Q18
  • Returned CHF 1.3 billion of capital to shareholders, including CHF 570 million worth of shares repurchased year to date and payment of 2018 dividend of CHF 695 million
  • Group net income attributable to shareholders of CHF 937 million, up 45% year on year, and Group pre-tax income (PTI) of CHF 1.3 billion, up 24% year on year
  • CHF 9.5 billion of Wealth Management Net New Assets (NNA) added in 2Q19 after CHF 9.6 billion in 1Q19, and record Assets under Management (AuM) of CHF 797 billion
  • Increased Group AuM by CHF 113 billion in the first six months of 2019 to reach CHF 1.5 trillion, with NNA of CHF 59 billion for 1H19
  • Global Markets revenues up 8% year on year with Fixed Income sales and trading up 11% and Equity sales and trading up 3%; restructured GM platform achieved PTI of USD 359 million, up 141% year on year, with a return on regulatory capital of 11%
  • 11th consecutive quarter of year on year positive operating leverage, with operating expenses of CHF 4.3 billion, down 5% year on year
  • Maintained strong capital position, with CET1 ratio of 12.5% and Tier 1 leverage ratio of 5.3%

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