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Significant subsidiaries and equity method investments

12 Months Ended

Dec. 31, 2022

Significant subsidiaries and equity method investments

41 Significant subsidiaries and equity method investments

The entities presented in the table below generally include subsidiaries with total assets over CHF 100 million or net income attributable to shareholders over CHF 10 million. Also included are entities which are deemed regionally significant or otherwise relevant from an operational perspective.

The Group and the Bank have issued full, unconditional and several guarantees of Credit Suisse (USA), Inc.’s outstanding SEC-registered debt securities, which as of December 31, 2022 consisted of a single outstanding issuance with a balance of USD 742 million maturing in July 2032.

Significant subsidiaries

Company name		Domicile		Currency		Nominal capital in million		Equity interest in %
End of 2022
Credit Suisse Group AG
Credit Suisse AG		Zurich, Switzerland		CHF		4,399.7		100
Credit Suisse Insurance Linked Strategies Ltd		Zurich, Switzerland		CHF		0.2		100
Credit Suisse (Poland) Sp. z o.o		Warsaw, Poland		PLN		20.0		100
Credit Suisse Services AG		Zurich, Switzerland		CHF		1.0		100
Credit Suisse Trust AG		Zurich, Switzerland		CHF		5.0		100
Credit Suisse Trust Holdings Limited		St. Peter Port, Guernsey		GBP		17.0		100
CS LP Holding AG		Zug, Switzerland		CHF		0.1		100
Inreska Limited		St. Peter Port, Guernsey		GBP		3.0		100
Savoy Hotel Baur en Ville AG		Zurich, Switzerland		CHF		7.5		88
Credit Suisse AG
Alpine Securitization LTD		George Town, Cayman Islands		USD		0.0		100
Banco Credit Suisse (Brasil) S.A.		São Paulo, Brazil		BRL		53.6		100
Banco Credit Suisse (Mexico), S.A.		Mexico City, Mexico		MXN		3,591.7		100
Banco de Investimentos Credit Suisse (Brasil) S.A.		São Paulo, Brazil		BRL		164.8		100
Bank-now AG		Horgen, Switzerland		CHF		30.0		100
Boston Re Ltd.		Hamilton, Bermuda		USD		2.0		100
Casa de Bolsa Credit Suisse (Mexico), S.A. de C.V.		Mexico City, Mexico		MXN		274.0		100
Column Financial, Inc.		Wilmington, United States		USD		0.0		100
Credit Suisse (Australia) Limited		Sydney, Australia		AUD		34.1		100
Credit Suisse (Brasil) S.A. Corretora de Titulos e Valores Mobiliarios		São Paulo, Brazil		BRL		98.4		100
Credit Suisse (Deutschland) Aktiengesellschaft		Frankfurt, Germany		EUR		130.0		100
Credit Suisse (Hong Kong) Limited		Hong Kong, China		HKD		8,192.9		100
Credit Suisse (Italy) S.p.A.		Milan, Italy		EUR		170.0		100
Credit Suisse (Luxembourg) S.A.		Luxembourg, Luxembourg		CHF		230.9		100
Credit Suisse (Qatar) LLC		Doha, Qatar		USD		29.0		100
Credit Suisse (Schweiz) AG		Zurich, Switzerland		CHF		100.0		100
Credit Suisse (Singapore) Limited		Singapore, Singapore		SGD		470.8		100
Credit Suisse (UK) Limited		London, United Kingdom		GBP		245.2		100
Credit Suisse (USA), Inc.		Wilmington, United States		USD		0.0		100
Credit Suisse Asset Management (Schweiz) AG		Zurich, Switzerland		CHF		0.2		100
Credit Suisse Asset Management (UK) Holding Limited		London, United Kingdom		GBP		144.2		100
Credit Suisse Asset Management International Holding Ltd		Zurich, Switzerland		CHF		20.0		100
Credit Suisse Asset Management Investments Ltd		Zurich, Switzerland		CHF		0.1		100
Credit Suisse Asset Management Limited		London, United Kingdom		GBP		45.0		100
Credit Suisse Asset Management Real Estate GmbH		Frankfurt, Germany		EUR		6.1		100
Credit Suisse Asset Management, LLC		Wilmington, United States		USD		1,215.9		100
Credit Suisse Atlas I Investments (Luxembourg) S.à r.l.		Luxembourg, Luxembourg		USD		0.0		100
Credit Suisse Bank (Europe), S.A.		Spain, Madrid		EUR		18.0		100
Credit Suisse Brazil (Bahamas) Limited		Nassau, Bahamas		USD		70.0		100
Credit Suisse Business Analytics (India) Private Limited		Mumbai, India		INR		40.0		100
Credit Suisse Capital LLC		Wilmington, United States		USD		1,702.3		100
Credit Suisse Entrepreneur Capital AG		Zurich, Switzerland		CHF		15.0		100
Credit Suisse Equities (Australia) Limited		Sydney, Australia		AUD		62.5		100
Credit Suisse Finance (India) Private Limited		Mumbai, India		INR		1,050.1		100
Credit Suisse First Boston (Latam Holdings) LLC		George Town, Cayman Islands		USD		28.8		100
Credit Suisse First Boston Finance B.V.		Amsterdam, The Netherlands		EUR		0.0		100

Significant subsidiaries (continued)

Company name		Domicile		Currency		Nominal capital in million		Equity interest in %
Credit Suisse First Boston Mortgage Capital LLC		Wilmington, United States		USD		6.6		100
Credit Suisse Fund Management S.A.		Luxembourg, Luxembourg		CHF		0.3		100
Credit Suisse Fund Services (Luxembourg) S.A.		Luxembourg, Luxembourg		CHF		1.5		100
Credit Suisse Funds AG		Zurich, Switzerland		CHF		7.0		100
Credit Suisse Hedging-Griffo Corretora de Valores S.A.		São Paulo, Brazil		BRL		29.6		100
Credit Suisse Holding Europe (Luxembourg) S.A.		Luxembourg, Luxembourg		CHF		32.6		100
Credit Suisse Holdings (Australia) Limited		Sydney, Australia		AUD		3.0		100
Credit Suisse Holdings (USA), Inc.		Wilmington, United States		USD		0.0		100
Credit Suisse International		London, United Kingdom		USD		11,366.2		100	1
Credit Suisse Istanbul Menkul Degerler A.S.		Istanbul, Türkiye		TRY		10.0		100
Credit Suisse Life (Bermuda) Ltd.		Hamilton, Bermuda		USD		0.5		100
Credit Suisse Loan Funding LLC		Wilmington, United States		USD		1.7		100
Credit Suisse Management LLC		Wilmington, United States		USD		891.4		100
Credit Suisse Saudi Arabia		Riyadh, Saudi Arabia		SAR		737.5		100
Credit Suisse Securities (Canada), Inc.		Toronto, Canada		CAD		3.4		100
Credit Suisse Securities (Europe) Limited		London, United Kingdom		USD		3,859.3		100
Credit Suisse Securities (Hong Kong) Limited		Hong Kong, China		HKD		2,080.9		100
Credit Suisse Securities (India) Private Limited		Mumbai, India		INR		2,214.7		100
Credit Suisse Securities (Japan) Limited		Tokyo, Japan		JPY		78,100.0		100
Credit Suisse Securities (Malaysia) Sdn. Bhd.		Kuala Lumpur, Malaysia		MYR		100.0		100
Credit Suisse Securities (Singapore) Pte. Limited		Singapore, Singapore		SGD		30.0		100
Credit Suisse Securities (Thailand) Limited		Bangkok, Thailand		THB		500.0		100
Credit Suisse Securities (USA) LLC		Wilmington, United States		USD		1,200.7		100
Credit Suisse Services (India) Private Limited		Pune, India		INR		0.1		100
Credit Suisse Services (USA) LLC		Wilmington, United States		USD		15.4		100
CS Non-Traditional Products Ltd.		Nassau, Bahamas		USD		0.1		100
CSSEL Guernsey Bare Trust		St. Peter Port, Guernsey		USD		0.0		100
DLJ Mortgage Capital, Inc.		Wilmington, United States		USD		0.0		100
Fides Treasury Services AG		Zurich, Switzerland		CHF		2.0		100
JSC "Bank Credit Suisse (Moscow)"		Moscow, Russia		RUB		460.0		100
Lime Residential, Ltd.		Nassau, Bahamas		USD		0.0		100
LLC "Credit Suisse Securities (Moscow)"		Moscow, Russia		RUB		727.0		100
Merban Equity AG		Zug, Switzerland		CHF		0.1		100
Select Portfolio Servicing, Inc.		Utah, United States		USD		0.0		100
Solar Investco II Ltd.		George Town, Cayman Islands		USD		0.0		100
SP Holding Enterprises Corp.		Wilmington, United States		USD		0.0		100
SR Lease Co VI Ltd.		George Town, Cayman Islands		USD		0.0		100
PT Credit Suisse Sekuritas Indonesia		Jakarta, Indonesia		IDR		235,000.0		99
Credit Suisse Hypotheken AG		Zurich, Switzerland		CHF		0.1		98
Credit Suisse Securities (China) Limited		Beijing, China		CNY		1,089.0		51
1 98% of voting rights and 98% of equity interest held by Credit Suisse AG.

Significant equity method investments

Company name		Domicile		Equity interest in %
Credit Suisse Group AG & Credit Suisse AG
Swisscard AECS GmbH		Horgen, Switzerland		50
ICBC Credit Suisse Asset Management Co., Ltd.		Beijing, China		20
York Capital Management Global Advisors, LLC		New York, United States		5	1
Holding Verde Empreendimentos e Participações S.A.		São Paulo, Brazil		0	1
1 The Group holds a significant noncontrolling interest.

Bank

Significant subsidiaries and equity method investments

40 Significant subsidiaries and equity method investments

The entities presented in the table below generally include subsidiaries with total assets over CHF 100 million or net income attributable to shareholders over CHF 10 million. Also included are entities which are deemed regionally significant or otherwise relevant from an operational perspective.

Significant subsidiaries

Company name		Domicile		Currency		Nominal capital in million		Equity interest in %
End of 2022
Credit Suisse AG
Alpine Securitization LTD		George Town, Cayman Islands		USD		0.0		100
Banco Credit Suisse (Brasil) S.A.		São Paulo, Brazil		BRL		53.6		100
Banco Credit Suisse (Mexico), S.A.		Mexico City, Mexico		MXN		3,591.7		100
Banco de Investimentos Credit Suisse (Brasil) S.A.		São Paulo, Brazil		BRL		164.8		100
Bank-now AG		Horgen, Switzerland		CHF		30.0		100
Boston Re Ltd.		Hamilton, Bermuda		USD		2.0		100
Casa de Bolsa Credit Suisse (Mexico), S.A. de C.V.		Mexico City, Mexico		MXN		274.0		100
Column Financial, Inc.		Wilmington, United States		USD		0.0		100
Credit Suisse (Australia) Limited		Sydney, Australia		AUD		34.1		100
Credit Suisse (Brasil) S.A. Corretora de Titulos e Valores Mobiliarios		São Paulo, Brazil		BRL		98.4		100
Credit Suisse (Deutschland) Aktiengesellschaft		Frankfurt, Germany		EUR		130.0		100
Credit Suisse (Hong Kong) Limited		Hong Kong, China		HKD		8,192.9		100
Credit Suisse (Italy) S.p.A.		Milan, Italy		EUR		170.0		100
Credit Suisse (Luxembourg) S.A.		Luxembourg, Luxembourg		CHF		230.9		100
Credit Suisse (Qatar) LLC		Doha, Qatar		USD		29.0		100
Credit Suisse (Schweiz) AG		Zurich, Switzerland		CHF		100.0		100
Credit Suisse (Singapore) Limited		Singapore, Singapore		SGD		470.8		100
Credit Suisse (UK) Limited		London, United Kingdom		GBP		245.2		100
Credit Suisse (USA), Inc.		Wilmington, United States		USD		0.0		100
Credit Suisse Asset Management (Schweiz) AG		Zurich, Switzerland		CHF		0.2		100
Credit Suisse Asset Management (UK) Holding Limited		London, United Kingdom		GBP		144.2		100
Credit Suisse Asset Management International Holding Ltd		Zurich, Switzerland		CHF		20.0		100
Credit Suisse Asset Management Investments Ltd		Zurich, Switzerland		CHF		0.1		100
Credit Suisse Asset Management Limited		London, United Kingdom		GBP		45.0		100
Credit Suisse Asset Management Real Estate GmbH		Frankfurt, Germany		EUR		6.1		100
Credit Suisse Asset Management, LLC		Wilmington, United States		USD		1,215.9		100
Credit Suisse Atlas I Investments (Luxembourg) S.à r.l.		Luxembourg, Luxembourg		USD		0.0		100
Credit Suisse Bank (Europe), S.A.		Spain, Madrid		EUR		18.0		100
Credit Suisse Brazil (Bahamas) Limited		Nassau, Bahamas		USD		70.0		100
Credit Suisse Business Analytics (India) Private Limited		Mumbai, India		INR		40.0		100
Credit Suisse Capital LLC		Wilmington, United States		USD		1,702.3		100
Credit Suisse Entrepreneur Capital AG		Zurich, Switzerland		CHF		15.0		100
Credit Suisse Equities (Australia) Limited		Sydney, Australia		AUD		62.5		100
Credit Suisse Finance (India) Private Limited		Mumbai, India		INR		1,050.1		100
Credit Suisse First Boston (Latam Holdings) LLC		George Town, Cayman Islands		USD		28.8		100
Credit Suisse First Boston Finance B.V.		Amsterdam, The Netherlands		EUR		0.0		100
Credit Suisse First Boston Mortgage Capital LLC		Wilmington, United States		USD		6.6		100
Credit Suisse Fund Management S.A.		Luxembourg, Luxembourg		CHF		0.3		100

Significant subsidiaries (continued)

Company name		Domicile		Currency		Nominal capital in million		Equity interest in %
Credit Suisse Fund Services (Luxembourg) S.A.		Luxembourg, Luxembourg		CHF		1.5		100
Credit Suisse Funds AG		Zurich, Switzerland		CHF		7.0		100
Credit Suisse Hedging-Griffo Corretora de Valores S.A.		São Paulo, Brazil		BRL		29.6		100
Credit Suisse Holding Europe (Luxembourg) S.A.		Luxembourg, Luxembourg		CHF		32.6		100
Credit Suisse Holdings (Australia) Limited		Sydney, Australia		AUD		3.0		100
Credit Suisse Holdings (USA), Inc.		Wilmington, United States		USD		0.0		100
Credit Suisse Istanbul Menkul Degerler A.S.		Istanbul, Türkiye		TRY		10.0		100
Credit Suisse Life (Bermuda) Ltd.		Hamilton, Bermuda		USD		0.5		100
Credit Suisse Loan Funding LLC		Wilmington, United States		USD		1.7		100
Credit Suisse Management LLC		Wilmington, United States		USD		891.4		100
Credit Suisse Saudi Arabia		Riyadh, Saudi Arabia		SAR		737.5		100
Credit Suisse Securities (Canada), Inc.		Toronto, Canada		CAD		3.4		100
Credit Suisse Securities (Europe) Limited		London, United Kingdom		USD		3,859.3		100
Credit Suisse Securities (Hong Kong) Limited		Hong Kong, China		HKD		2,080.9		100
Credit Suisse Securities (India) Private Limited		Mumbai, India		INR		2,214.7		100
Credit Suisse Securities (Japan) Limited		Tokyo, Japan		JPY		78,100.0		100
Credit Suisse Securities (Malaysia) Sdn. Bhd.		Kuala Lumpur, Malaysia		MYR		100.0		100
Credit Suisse Securities (Singapore) Pte. Limited		Singapore, Singapore		SGD		30.0		100
Credit Suisse Securities (Thailand) Limited		Bangkok, Thailand		THB		500.0		100
Credit Suisse Securities (USA) LLC		Wilmington, United States		USD		1,200.7		100
Credit Suisse Services (India) Private Limited		Pune, India		INR		0.1		100
Credit Suisse Services (USA) LLC		Wilmington, United States		USD		15.4		100
CS Non-Traditional Products Ltd.		Nassau, Bahamas		USD		0.1		100
CSSEL Guernsey Bare Trust		St. Peter Port, Guernsey		USD		0.0		100
DLJ Mortgage Capital, Inc.		Wilmington, United States		USD		0.0		100
Fides Treasury Services AG		Zurich, Switzerland		CHF		2.0		100
JSC "Bank Credit Suisse (Moscow)"		Moscow, Russia		RUB		460.0		100
Lime Residential, Ltd.		Nassau, Bahamas		USD		0.0		100
LLC "Credit Suisse Securities (Moscow)"		Moscow, Russia		RUB		727.0		100
Merban Equity AG		Zug, Switzerland		CHF		0.1		100
Select Portfolio Servicing, Inc.		Utah, United States		USD		0.0		100
Solar Investco II Ltd.		George Town, Cayman Islands		USD		0.0		100
SP Holding Enterprises Corp.		Wilmington, United States		USD		0.0		100
SR Lease Co VI Ltd.		George Town, Cayman Islands		USD		0.0		100
PT Credit Suisse Sekuritas Indonesia		Jakarta, Indonesia		IDR		235,000.0		99
Credit Suisse Hypotheken AG		Zurich, Switzerland		CHF		0.1		98
Credit Suisse International		London, United Kingdom		USD		11,366.2		98	1
Credit Suisse Securities (China) Limited		Beijing, China		CNY		1,089.0		51
1 Remaining 2% held directly by Credit Suisse Group AG. 98% of voting rights and 98% of equity interest held by Credit Suisse AG.

Significant equity method investments

Company name		Domicile		Equity interest in %
End of 2022
Credit Suisse AG
Swisscard AECS GmbH		Horgen, Switzerland		50
ICBC Credit Suisse Asset Management Co., Ltd.		Beijing, China		20
York Capital Management Global Advisors, LLC		New York, United States		5	1
Holding Verde Empreendimentos e Participações S.A.		São Paulo, Brazil		0	1
1 The Bank holds a significant noncontrolling interest.

X

- Definition

The entire disclosure for the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. It reflects specified information about ownership, financial results from, and financial position in such entities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-URI https://asc.fasb.org/subtopic&trid=2324412

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