It is now expected to double to 2.1 billion Swiss francs in 2018. Credit Suisse, as part of its strategic pivot, will invest as much as CHF 900m ($922m) in the Asia-Pacific region over the next three years. This amount will represent the lion's share of 60% of planned investments of CHF 1.5 billion ($1.54bn) in "divisional growth initiatives" announced by the group last October. The investment is a significant one for the Swiss bank, which has been struggling to compete with rivals such as Deutsche Bank and UBS.
Credit Suisse, as part of its strategic pivot, will invest as much as CHF 900m ($922m) in the Asia-Pacific region over the next three years. This amount will represent the lion's share of 60% of planned investments of CHF 1.5 billion ($1.54bn) in "divisional growth initiatives" announced by the group last October. The investment is a significant one for the Swiss bank, which has been struggling to compete with rivals such as Deutsche Bank and UBS.