Private banking, which is Crédit Agricole Suisse’s main business, contributed 70% of revenues.
The bank’s total assets under management rose nearly CHF1 billion to CHF44.9 billion in 2012, compared with CHF44 billion in 2011.
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Crédit Agricole Suisse’s 2012 consolidated shareholders’ equity, came to CHF1.54 billion after appropriation of income, compared with CHF1.53 billion in 2011. As per 31 December 2012 the Tier 1 capital ratio was steady at 13.2%.
Commenting, chief executive officer Herve Catala said: "Operational excellence is a top priority for our teams in order to ensure our business develops profitably and sustainably. Our results are evidence of this, despite tough market conditions. Thanks to the personal dedication of each and every member of staff, Crédit Agricole Suisse was able to achieve results in line with the targets set by our shareholder. With our international reach, top-flight teams and loyal clients, we have high hopes for 2013."
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