Net income of Credit Suisse in the first quarter exceeded forecasts


Swiss bank Credit Suisse in the first quarter of 2019 recorded a net profit growth of 8% compared to the same period last year to 749 million Swiss francs. The figure exceeded the estimates of experts who had expected it at the level of 682 million francs. Quarterly revenue, which fell to 5 billion 390 million francs for the year, also exceeded the figure of 5 billion 200 million francs expected by experts. The bank's message says that the restructuring has brought positive results - the risks and costs have decreased with stronger capital. Overseas asset management business showed a pre-tax profit growth of 8% to 523 million francs, exceeding economists' forecasts.  

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