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Media Release Zurich , July 29 , 2021 Ad hoc announcement pursuant to article 53 LR Credit Suisse posts CET1 ratio of 13.7 % and pre - tax income of CHF 813 mn in 2021 " Credit Suisse delivered resilient underlying second quarter results and strong capital ratios as we are benefitting from having taken decisive actions to address the challenges raised by the Archegos and Supply Chain Finance Funds matters . We take these two events very seriously and we are determined to learn all the right lessons . We have significantly reduced our RWA and leverage exposure and improved the risk profile of our Prime Services business in the Investment Bank , as well as strengthened the overall risk capabilities across the bank . Our underlying business performance remains solid with a record level of assets under management in our Wealth Management and Asset Management businesses , supporting strong growth in recurring commissions and fees . Together with our more conservative approach to risk and a less favorable trading environment compared to the second quarter of 2020 , we delivered a resilient underlying performance in the Investment Bank . We continue to invest in people and technology across Wealth Management , notably in APAC , as well as Asset Management and the Investment Bank . Over the coming months , we will continue to develop our long - term vision for the bank that will serve as our compass for the years ahead . Our objectives are clear : whilst we aim to further strengthen our risk culture , we remain committed to serving all our private , corporate and institutional clients with best - in - class service and advice and to creating value for our shareholders . " Thomas Gottstein , Chief Executive Officer of Credit Suisse Group AG Credit Suisse Group Reported Results ( CHF mn , unless otherwise specified ) Net revenues o / w Wealth Management - related o / w Investment Bank in USD mn Provision for credit losses Total operating expenses Pre - tax income / ( loss ) Net income / ( loss ) attributable to shareholders Return on tangible equity attributable to shareholders CET1 ratio Tier 1 leverage ratio¹ Adjusted excluding significant items and Archegos * ( CHF mn ) Net revenues Pre - tax income Page 1 2021 5,103 3,609 1,761 ( 25 ) 4,315 813 253 2.6 % 13.7 % 6.0 % 2021 5,226 1,313 1021 7,574 3,882 3,888 2020 6,194 3,548 2,981 4,394 296 3,937 4,347 ( 757 ) 1,551 ( 252 ) 1,162 ( 2.6 ) % 12.2 % 5.5 % 1021 7,430 3,596 A2020 ( 18 ) % 2 % ( 41 ) % ( 1 ) % ( 48 ) % ( 78 ) % CREDIT SUISSE 11.0 % 12.5 % 6.2 % 2020 A2020 6,060 ( 14 ) % 1,481 ( 11 ) % 1H21 12,677 7,491 5,649 4,369 8,252 56 1 1 H20 0.0 % 13.7 % 6.0 % 1H21 11,970 7,314 5,136 864 8,354 2,752 2,476 12.0 % 12.5 % 6.2 % 1 H20 12,656 11,568 4,909 2,427 A1 H20 6 % 2 % 10 % ( 1 ) % ( 98 ) % ( 100 ) % A1 H20 9 % 102 % Highlights for the second quarter 2021 Resilient financial performance despite more conservative risk appetite and weaker environment for transactions vs 2Q20 Reported net income attributable to shareholders of CHF 253 mn and reported pre - tax income of CHF 813 mn . Adjusted pre - tax income , excluding significant items and Archegos * , of CHF 1.3 bn , 11 % lower than 2020 Adjusted net revenues , excluding significant items and Archegos , down 14 % year on year as higher AM revenues and stable SUB revenues , were offset by lower APAC , IWM and IB revenues Adjusted operating expenses , excluding significant items and Archegos , down 6 % year on year , mainly driven by lower variable compensation Comprehensive focus on enhanced risk approach implemented in 2021 following the Archegos and supply chain finance funds ( SCFF ) matters and substantial reduction in RWA and leverage exposure in the Investment Bank by USD 20 bn and USD 41 bn , respectively , compared to end of 1021 levels Additional pre - tax losses of USD 653 mn ( CHF 594 mn ) relating to Archegos ; publication of an independent external investigation report commissioned by the Board of Directors ( see separate media release ) Focus on returning cash to investors in the SCFF with investors receiving a total of approximately USD 5.9 bn following the upcoming fourth payment of liquidation proceeds planned for the first half of August 2021