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Credit Suisse reports soaring performance in Q1 2018

Credit Suisse reports soaring performance in Q1 2018

Credit Suisse is making a swift comeback in 2018, with its net income up CHF 2.8 billion since December 2017, according to its Q1 2018 results.

The bank has also seen net new assets increase by CHF 22 billion, bringing its total assets under management to CHF 1.38 trillion.

This increase was partly attributable to the international wealth management division, which saw net revenue of CHF 1.4 billion and income before taxes of CHF 484 million.

The asset boost was also supported by inflows from China, Japan and Southeast Asia as part of the Asia-Pacific private banking business, according to the report. The Asia-Pacific division produced net revenue of CHF 991 million and income before taxes of CHF 234 million.

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