Credit Suisse Also Named Best Private Bank Globally for Third Consecutive Year

Dubai, February 13, 2012 Credit Suisse has been named the Best Private Bank in the UAE by Euromoney magazine. The Bank has also been named the Best Private Bank globally for the third consecutive year.

In addition, Credit Suisse has received numerous regional and country awards as the Best Private Bank in Switzerland, the United Kingdom, Western Europe and Central and Eastern Europe, as well as in a number of other markets. 

Hans-Ulrich Meister, Chief Executive Officer Private Banking, Credit Suisse, said: "I am very pleased that the market has recognized our leadership position, despite the difficult environment.  This award reflects the success of our integrated business model, global footprint, and most importantly, our dedicated focus on our clients and the long-term, quality advice we provide them."

Bruno Daher, Co-Chief Executive Officer of Credit Suisse in the Middle East and Head of Private Banking in the region, said: "Credit Suisse's integrated banking model enables it to offer a leading private banking service drawing from expertise right across the Bank. The award for the Best Private Bank in the UAE reflects the depth of our integrated banking offering and our strong commitment to the Middle East, a region which remains one of our key growth markets."

Euromoney is a leading publication for the global banking and capital markets communities.  These rankings are based on the results of their Private Banking Survey 2012, and are derived from a qualitative and quantitative review of the best services in private banking by markets and by areas of service. The survey also includes competitors' perceptions of the best-performing providers in defined categories.

In addition to the global award, Credit Suisse was rated Best Private Bank in the following countries and regions:

  • Australia

  • Bahamas

  • Central and Eastern Europe

  • Guernsey

  • Italy

  • Russia

  • Singapore

  • Switzerland

  • United Arab Emirates

  • United Kingdom

  • Western Europe

Information
Media Relations Credit Suisse AG, telephone +41 844 33 88 44, media.relations@credit-suisse.com

Credit Suisse AG

Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 49,700 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

Disclaimer

This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not necessarily a guide to the future. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.

Cautionary statement regarding forward-looking information [and non-GAAP information]

This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act. In addition, in the future we, and others on our behalf, may make statements that constitute forward-looking statements. Such forward-looking statements may include, without limitation, statements relating to the following:

-       our plans, objectives or goals;

-       our future economic performance or prospects;

-       the potential effect on our future performance of certain contingencies; and

-       assumptions underlying any such statements.

Words such as "believes," "anticipates," "expects," "intends" and "plans" and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. We do not intend to update these forward-looking statements except as may be required by applicable securities laws. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other outcomes described or implied in forward-looking statements will not be achieved. We caution you that a number of important factors could cause results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include:

-       the ability to maintain sufficient liquidity and access capital markets;

-       market and interest rate fluctuations and interest rate levels;

-       the strength of the global economy in general and the strength of the economies of the countries in which we conduct our operations, in particular the risk of continued slow economic recovery in the US or other developed countries in 2011 and beyond;

-       the direct and indirect impacts of continuing deterioration or slow recovery in residential and commercial real estate markets;

-       adverse rating actions by credit rating agencies in respect of sovereign issuers, structured credit products or other credit-related exposures;

-       the ability of counterparties to meet their obligations to us;

-       the effects of, and changes in, fiscal, monetary, trade and tax policies, and currency fluctuations;

-       political and social developments, including war, civil unrest or terrorist activity;

-       the possibility of foreign exchange controls, expropriation, nationalization or confiscation of assets in countries in which we conduct our operations;

-       operational factors such as systems failure, human error, or the failure to implement procedures properly;

-       actions taken by regulators with respect to our business and practices in one or more of the countries in which we conduct our operations;

-       the effects of changes in laws, regulations or accounting policies or practices;

-       competition in geographic and business areas in which we conduct our operations;

-       the ability to retain and recruit qualified personnel;

-       the ability to maintain our reputation and promote our brand;

-       the ability to increase market share and control expenses;

-       technological changes;

-       the timely development and acceptance of our new products and services and the perceived overall value of these products and services by users;

-       acquisitions, including the ability to integrate acquired businesses successfully, and divestitures, including the ability to sell non-core assets;

-       the adverse resolution of litigation and other contingencies;

-       the ability to achieve our cost efficiency goals and cost targets; and

-       our success at managing the risks involved in the foregoing.

We caution you that the foregoing list of important factors is not exclusive. When evaluating forward-looking statements, you should carefully consider the foregoing factors and other uncertainties and events, as well as the information set forth in our Annual Report 2010 under IX - Additional information - Risk Factors.

[This press release contains non-GAAP financial information. Information needed to reconcile such non-GAAP financial information to the most directly comparable measures under GAAP can be found in the Credit Suisse Financial Release 2Q11.]

© Press Release 2012