Credit Suisse Group AG (Credit Suisse Group AG) Credit Losses Provision : $160 Mil (As of Dec. 2022)

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What is Credit Suisse Group AG Credit Losses Provision?

Credit Suisse Group AG's credit losses provision for the three months ended in Dec. 2022 was $44 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2022 was $160 Mil.

Credit Suisse Group AG's quarterly credit losses provision declined from Jun. 2022 ($64 Mil) to Sep. 2022 ($11 Mil) but then increased from Sep. 2022 ($11 Mil) to Dec. 2022 ($44 Mil).

Credit Suisse Group AG's annual credit losses provision declined from Dec. 2020 ($1,207 Mil) to Dec. 2021 ($-93 Mil) but then increased from Dec. 2021 ($-93 Mil) to Dec. 2022 ($159 Mil).

Credit Suisse Group AG Credit Losses Provision Historical Data

The historical data trend for Credit Suisse Group AG's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Credit Suisse Group AG Credit Losses Provision Chart

Credit Suisse Group AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Credit Losses Provision

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247.00

318.54

1,206.66

-93.38

158.87

Credit Suisse Group AG Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Credit Losses Provision	Get a 7-Day Free Trial															-21.72	40.89	63.90	11.30	44.01

Credit Suisse Group AG Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $160 Mil.

Credit Suisse Group AG (Credit Suisse Group AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Credit Suisse Group AG (NYSE:CS) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

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Address

Paradeplatz 8, Zurich, CHE, 8001

Website

https://www.credit-suisse.com

Credit Suisse runs a global wealth management business, a global investment bank and is one of the two dominant Swiss retail and commercial banks. Geographically its business is tilted toward Europe and the Asia-Pacific.