The bank, whose investment banking operations also won The Banker’s Investment Bank of the Year (see October issue), has concluded 2006 with an outstanding profit growth (more than 93%) after years of stagnating performance. Its RoE was also exceptionally good at 27.5%.
Last year, the bank started operations as an integrated platform that brought together investment banking, private banking and asset management. This allowed the bank to improve its operating leverage and risk management. It also fostered cross-selling opportunities between business segments, which helped the bank to achieve improved levels of performance.
“We are delighted to have been awarded the prestigious title of Bank of the Year for Switzerland,” says Ulrich Körner, CEO of Credit Suisse Switzerland. “This award recognises the strength of our client-focused, integrated banking model, which brings together our expertise and capabilities in investment banking, private banking and asset management, and provides us with a good platform for future growth, both in Switzerland and globally.
“We remain committed to our home market in Switzerland as we expand our international presence, because we consider our Swiss franchise to be integral to our overall success. Our ambitions are global – and in many cases so are those of our clients in Switzerland. Crucially, this award is also a testament to our commitment to provide innovative products and services to meet the specific needs of our clients around the world.”
