Credit Suisse warns against financial setbacks during the year as a result of the corona crisis. The Swiss bank closed the first quarter of the year with a significantly higher profit, despite the virus circulating, with all its economic consequences. This result was also helped by the sale of a part.

Below the line, 1.3 billion Swiss francs (1.2 billion euros) remained. That was 75 percent more than a year earlier and the highest quarterly profit for the bank ever. The company’s sales increased by 7 percent to 5.8 billion Swiss francs.

To weather the crisis, Credit Suisse set aside 1 billion Swiss francs. In doing so, the bank follows the example of large American banks that are building up reserves. Credit Suisse CEO Thomas Gottstein ruled out further interventions to strengthen the buffers and not exclude possible depreciation during the year, also pointing to the many uncertainties in the market.

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