Loss provisions at Credit Suisse highest in three years

Provisions expand in Swiss, Asia-Pacific and global markets units

Provisions for credit losses took an Sfr81 million ($79 million) bite out of Credit Suisse's first-quarter income.

PCLs were up 37% on Q4 2018 and 69% on the year-ago quarter. The bulk of provisions over the first three months of this year were assigned to the Swiss universal bank, Asia-Pacific unit and global markets division. PCLs hit Sfr29 million, Sfr17 million and Sfr10 million at these entities, respectively, up from Sfr26 million, Sfr8 million and Sfr5 million the prior quarter.


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 copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here