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FILE PHOTO: Switzerland's national flags fly beside the logo of Swiss bank Credit Suisse in Zurich, Switzerland https://savierdelcine.wordpress.com April 24, 2017. REUTERS/Arnd Wiegmann/File Photo “For the future our goal is business as usual,” Thiam said in the interview. “We have worked night and day over the last three years to eliminate the problems from the past. “For the next two years a profit of between 5 and 6 billion francs is realistic.” For 2018, Thiam said he expected the bank’s profits to be “a little lower” as it is still dealing with high financing costs. “That’s due to our capital raising during the financial crisis,” he said. “We have recently announced that we will buy back these expensive bonds in October 2018. “That will contribute 700 million francs to our profit in 2019. The elimination of these inherited problems will also https://eisenhaverzacchaeus84.wordpress.com lead to losses in the current business year of around 1.4 billion francs. “In the next year this will be reduced...which will have a positive effect on our profits.” Despite the recent reduction of 1,600 jobs, Switzerland remained important for the https://cassaratraunfeld89.wordpress.com bank, Thiam said.

For the original version including any supplementary images or video, visit https://www.reuters.com/article/us-credit-suisse-gp-ceo/credit-suisse-ceo-targets-annual-profit-of-5-6-billion-swiss-francs-newspaper-idUSKCN1LV0M6