Credit Suisse’s credit loss provisions fall 69% in Q2

- By Alessandro Aimone
- @aimoneale
- 31 Jul 2019

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Provisions for credit losses (PCLS) taken by Credit Suisse in Q2 were the lowest for three years, at Sfr25 million ($25 million).

This compares with PCLs of Sfr81 million in Q1 and Sfr73 million the year-ago quarter.

Its Swiss unit posted the largest quarter-on-quarter decrease, with PCLs down to Sfr10 million from Sfr29 million in Q1.

The global markets business took Sfr2 million of provisions, down from Sfr11 million in Q1; the investment bank took Sfr1 million, down from Sfr8 million; the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@risk.net