Credit Suisse increased its net income again in the first quarter of 2019, the first reporting period following the completion of the three-year restructuring plan.
- The CET 1 ratio was unchanged in the first quarter 12.6% from the previous quarter.
Tidjane Thiam, Chief Executive Officer of Credit Suisse, told the CNBC on Wednesday it was "good" quarter overall after a very slow and difficult start. "
In a statement of income, the bank stated that it operates with a lower risk profile, a stronger capital base, and a structurally lower cost base." Thiam reiterated that the bank's model was "resilient," which enabled it to do its job well "Profit" in times when markets are challenging. "
The development in the first quarter was in particular from the international asset management department of the bank, which achieved net sales of 1.4 billion francs. In contrast, the investment banking business posted lower revenues compared to the fourth quarter, with net sales totaling CHF 356 million.