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Significant subsidiaries and equity method investments

12 Months Ended

Dec. 31, 2023

Significant subsidiaries and equity method investments

39 Significant subsidiaries and equity method investments

The presentation of the Bank’s significant subsidiaries has been aligned to UBS. UBS defines its significant subsidiaries as those entities that, either individually or in aggregate, contribute significantly to the Bank’s financial position or results of operations, based on a number of criteria, including the subsidiaries’ equity and contribution to the Bank’s total assets and profit or loss before tax.

The Bank issued full, unconditional and several guarantees of Credit Suisse (USA), Inc.’s outstanding SEC-registered debt securities, which as of December 31, 2023 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 2023
Credit Suisse AG
Banco de Investimentos Credit Suisse (Brasil) S.A.		São Paulo, Brazil		BRL		164.8		100
Bank-now AG		Horgen, Switzerland		CHF		30.0		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 (Schweiz) AG		Zurich, Switzerland		CHF		100.0		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 Bank (Europe), S.A.		Spain, Madrid		EUR		18.0		100
Credit Suisse Funds AG		Zurich, Switzerland		CHF		7.0		100
Credit Suisse Securities (Europe) Limited		London, United Kingdom		USD		9.6		100
Credit Suisse Securities (Japan) Limited		Tokyo, Japan		JPY		78,100.0		100
Credit Suisse Securities (USA) LLC		Wilmington, United States		USD		0.0		100
Credit Suisse Services (USA) LLC		Wilmington, United States		USD		0.0		100
DLJ Mortgage Capital, Inc.		Wilmington, United States		USD		0.0		100
Lime Residential, Ltd.		Nassau, Bahamas		USD		0.0		100
Credit Suisse International		London, United Kingdom		USD		7,267.5		98	1
1 Remaining 2% held directly by UBS 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 2023
Credit Suisse AG
Swisscard AECS GmbH		Horgen, Switzerland		50
ICBC Credit Suisse Asset Management Co., Ltd.		Beijing, China		20
SIX Group AG		Zurich, Switzerland		18

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://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column E)(Footnote 6)(b))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column E)(Footnote 6)(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 1)(b))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//946-320/tableOfContent

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