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Press Release

Credit Suisse positions Swiss business to meet new client needs and drive further growth

*Ad-hoc relevant for Credit Suisse (Schweiz) AG

Credit Suisse today announced a series of steps to further expand its retail business with private clients and to streamline and enhance the efficiency of these activities. In implementing these measures, Credit Suisse is systematically taking account of changes in client behavior and of the way the bank wants to conduct its business in the future – on the one hand, concentrating on clients who have more complex advisory needs and expect individual advice, and on the other hand on those who primarily conduct their banking digitally and with the support of telephone services. In addition to the organizational changes and the adjustments to the branch network in Switzerland already communicated at the end of July, it is planned that the business of Neue Aargauer Bank AG (NAB) will be merged with that of Credit Suisse, and a uniform presence with a single brand will be established in Canton Aargau. To strengthen its range of products and services for private clients, Credit Suisse will introduce a new digital offering and a future-oriented branch concept at the end of October and it intends to make additional investments in advisory services, new solutions, digitalization and its market presence in the medium term.

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