UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

July 31, 2018

Commission File Number 001-15244

CREDIT SUISSE GROUP AG

(Translation of registrant’s name into English)

Paradeplatz 8, CH 8001 Zurich, Switzerland
(Address of principal executive office)

Commission File Number 001-33434

CREDIT SUISSE AG

(Translation of registrant’s name into English)

Paradeplatz 8, CH 8001 Zurich, Switzerland
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or
Form 40-F.

   Form 20-F      Form 40-F   

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

This report includes the media release and the slides for the presentation to investors in connection with the 2Q18 results.

CREDIT SUISSE GROUP AG Paradeplatz 8 P.O. Box CH-8070 Zurich Switzerland
Telephone +41 844 33 88 44 Fax +41 44 333 88 77 media.relations@credit-suisse.com

2Q18 and 1H18 financial results

2Q18 adjusted* PTI +88% YoY to CHF 1.3 billion

Highest adjusted* PTI in 12 quarters

Continued client-led growth in Wealth Management: NNA of CHF 23.5 billion for 1H18

Seven successive quarters of positive operating leverage, with Group 2Q18 net revenues up 7% and adjusted* total operating expenses down 5% year on year

SRU already below end-2018 RWA¹ and leverage exposure target levels

Group adjusted* pre-tax income of CHF 2.5 billion in 1H18, up 58% year on year; Group reported pre-tax income of CHF 2.1 billion, up 68% year on year

Wealth Management 1H18 NNA of CHF 23.5 billion; annualized NNA growth rate of 6%; record AuM of CHF 784 billion at higher profit margin

Global advisory and underwriting 2Q18 net revenues of USD 1.2 billion, up 14% year on year; IBCM net revenues up 23% in USD year on year

Global Markets 2Q18 continued discipline on capital and costs, and adjusted* total operating expenses down 2% in USD year on year. GM net revenues of USD 1.4 billion, down 8% year on year; ITS revenues show particular strength, up 25% year on year

Maintained strong capital ratios with look-through CET1 ratio of 12.8% and look-through Tier 1 leverage ratio of 5.2% at end-2Q18

Net income attributable to shareholders of CHF 647 million for 2Q18, up 114% year on year, and of CHF 1.3 billion for 1H18, up 49%

1

Tidjane Thiam, Chief Executive Officer of Credit Suisse, said: “2Q18 was a period of continued strong performance as we achieved our highest adjusted* pre-tax income in the last 12 quarters and our seventh consecutive quarter of year-on-year profit growth.

The Group’s 2Q18 adjusted* profit increased 88% year on year, driven by strong revenue growth of 7%, and continued positive operating leverage supported by strict cost discipline. The compounding effect of these two factors quarter after quarter – growing revenues and reducing costs – has allowed us to significantly increase our profits cumulatively by CHF 4.4 billion since 4Q16².

Across Wealth Management, profit momentum increased significantly in 1H18. NNA flows remained strong at CHF 23.5 billion, driven mainly by UHNW clients. Annualised NNA growth rate was 6% on a record asset base at a higher profit margin – a clear indication of the power of our client franchises and our diversified business model across income streams and geographies.

We have continued to increase the collaboration between our Global Markets and Wealth Management divisions, while maintaining our strict capital, cost and risk discipline. We delivered a resilient revenue performance with continued strong momentum in International Trading Solutions (ITS) – our strategic initiative between GM and our wealth management focused divisions of SUB and IWM – as we continue to deliver institutional-quality solutions for our wealth management clients.

2Q18 global advisory and underwriting revenues benefited from the completion of several marquee M&A transactions, and we outperformed the Street across all key products in IBCM, led by advisory.

In the SRU, we have already achieved our end-2018 targets for both RWA¹ and leverage exposure, marking a significant milestone in our efforts to deal effectively with legacy issues at the bank.

For the remainder of 2018, we will continue to focus on growing our wealth management franchise and completing the last two quarters of our restructuring successfully.

Looking to 2019 and beyond, we will continue to deliver improved profitability, higher returns and growing shareholder value.”

Outlook

The outlook for global economic growth in 2H18 remains positive. However, geopolitical developments and growing tensions surrounding global trade, as well as the impact of monetary policy changes by central banks, are likely to trigger periods of heightened uncertainty through the remainder of 2018. That uncertainty has, over time, the potential to negatively affect confidence, which in turn could impact a wide range of asset classes and activities, relevant for our more market-dependent activities.

Looking at the rest of the year, we believe that the growth potential of our Wealth Management-related businesses of Switzerland, Asia Pacific and International Wealth Management remains intact and we expect them to continue to benefit from broad-based, client-led growth in 2H18 as we support our clients and allocate capital to our highest returning business opportunities.

The progress we have made – 10 quarters into the implementation of our restructuring – combined with a number of decisions and actions that are under our control, leave us on track to achieve our 10-11% Group RoTE 2019 target.

2

Group highlights

• 1H18 Group reported net revenues of CHF 11.2 billion, up 5% year on year (2Q18: CHF 5.6 billion, up 7% year on year)

• 1H18 Group adjusted* net revenues of CHF 11.2 billion, up 4% year on year (2Q18: CHF 5.6 billion, up 7% year on year)

• 1H18 Group reported total operating expenses of CHF 9 billion, down 4% year on year (2Q18: CHF 4.5 billion, down 2% year on year)

• 1H18 adjusted* total operating expenses of CHF 8.5 billion, down 5% year on year (2Q18: CHF 4.2 billion, down 5% year on year)

• 1H18 Group reported pre-tax income of CHF 2.1 billion, up 68% year on year (2Q18: CHF 1.1 billion, up 81% year on year)

• 1H18 Group adjusted* pre-tax income of CHF 2.5 billion, up 58% year on year (2Q18: CHF 1.3 billion, up 88% year on year)

Divisional summaries

All comparisons are provided on a year-on-year basis unless specified otherwise.

In 2Q18, Swiss Universal Bank (SUB) delivered its 10th consecutive quarter of year-on-year adjusted* profit growth and its highest quarterly adjusted* profit since 2013. Adjusted* pre-tax income reached CHF 580 million, reflecting continued positive operating leverage on the back of solid revenue performance and rigorous cost discipline across both businesses. Adjusted* return on regulatory capital was 19%, up 3 percentage points. In 1H18, adjusted* pre-tax income for the division rose 15% to CHF 1.1 billion, reflecting further profit acceleration compared to the prior-year period.

We were recognized as the ‘Best Bank in Switzerland’ and ‘Best Investment Bank in Switzerland’ for 2018 by Euromoney³.

In Private Clients, we saw continued good momentum in 2Q18 with our UHNW, HNW and Entrepreneur clients businesses, which drove a 28% increase in adjusted* pre-tax income. 1H18 adjusted* pre-tax income rose 29%. NNA totaled CHF 0.5 billion for 2Q18, and CHF 3.2 billion for 1H18, representing an annualized NNA growth rate of 3% for 1H18.

Corporate & Institutional Clients continued to generate solid results in both 2Q18 and 1H18, with adjusted* pre-tax income up 5% and 4%, respectively.

3

In 2Q18, International Wealth Management (IWM) delivered another excellent performance, reflecting continued positive operating leverage from revenue growth and stable adjusted* costs across both businesses. Adjusted* pre-tax income was CHF 461 million and adjusted* return on regulatory capital was 34%. NNA totaled CHF 13.2 billion. In 1H18, adjusted* pre-tax income rose 33% to CHF 935 million. NNA totaled CHF 27.7 billion.

Euromoney³ named Credit Suisse ‘Best Bank for Wealth Management 2018’ in every region served by IWM – Western Europe, Central and Eastern Europe, the Middle East and Latin America.

Private Banking adjusted* pre-tax income rose 21% in 2Q18 on the back of increases across all major revenue categories. 1H18 adjusted* pre-tax income increased 33% to CHF 754 million. Mandate penetration grew to 33%, with net mandate sales rising to over CHF 10 billion as we continued to successfully implement our House View. 1H18 NNA totaled CHF 10.7 billion, corresponding to annualized growth of 6%, with Europe and emerging markets achieving equally strong growth rates.

In Asset Management, we benefited from higher recurring revenues with a 10% increase in management fees in 2Q18 and 1H18, both at stable recurring margins of 32 basis points. Adjusted* pre-tax income grew 25% in 2Q18 and 33% in 1H18. 1H18 NNA totaled CHF 17 billion, driven by broad-based inflows across a number of flagship strategies and by successful product launches across traditional and alternative investments.

In 2Q18, Asia Pacific (APAC) delivered solid results with adjusted* pre-tax income up 34% to CHF 266 million, despite challenging conditions – particularly in China, which saw lower equity markets and selective deleveraging by clients. 1H18 adjusted* pre-tax income rose 52%, with strong profitable growth in our Wealth Management & Connected (WM&C) business and significantly improved performance in our Markets business. This resulted in a 6 percentage point increase in adjusted* return on regulatory capital to 20% for the division.

We were named ‘Best Private Bank’ in APAC by Asian Investor⁴ and, for the first time, ‘Asia’s Best Investment Bank’ by Euromoney³.

APAC WM&C adjusted* pre-tax income was CHF 208 million in 2Q18 and adjusted* return on regulatory capital was 27%. NNA totaled CHF 3.4 billion. 1H18 adjusted* pre-tax income was CHF 464 million and adjusted* return on regulatory capital was 31%. Recurring commissions and fees rose to record levels and drove 6% growth in Private Banking net revenues. 1H18 NNA totaled CHF 9.6 billion on record AuM of CHF 206 billion, passing the CHF 200 billion mark for the first time. We continued to benefit from our integrated client offering, bringing together wealth management and investment banking activities with a focus on our target Entrepreneur clients, with M&A and equity underwriting revenues rising 84% in 1H18. APAC advisory and underwriting maintained its top 2 ranking in terms of share of wallet⁵.

Our APAC Markets business significantly improved its profitability, delivering adjusted* pre-tax income of USD 60 million in 2Q18 and USD 94 million in 1H18, compared to adjusted* pre-tax income of USD 1 million in 2Q17 and an adjusted* pre-tax loss of USD 38 million in 1H17.

4

In 2Q18, Global Markets (GM) maintained its strict capital, cost and risk discipline. GM reduced its leverage exposure – its main capital constraint – by 7% year on year. In that context, revenues were resilient in a challenging quarter and adjusted* total operating expenses were 2% lower in USD. We continued to invest in Equities⁶ and in strengthening our ITS capabilities to more effectively deliver our full suite of capabilities to our wealth management clients. Adjusted* pre-tax income was USD 206 million. In 1H18, adjusted* pre-tax income was USD 563 million and we generated an adjusted* return on regulatory capital of 8%. Growth in Equities⁶ revenues was driven primarily by equity derivatives as we benefited from investments in the business, a rebound in volatility and increased collaboration in ITS. Fixed Income⁶ revenues were lower due to a decrease in securitized products revenues compared to a particularly strong prior-year period as well as lower debt underwriting issuance activity, partially offset by higher trading revenues. We maintained our leading market share⁷ in our asset finance and leveraged finance underwriting franchises despite the industry-wide decline in underwriting volumes⁸.

In 2Q18, Investment Banking & Capital Markets (IBCM) delivered a 53% increase in adjusted* pre-tax income to USD 141 million and revenue growth of 23%. In addition to our strength in the Americas, we maintained our momentum in EMEA, where we gained market share in 2Q18. We ranked in the top 5⁸ in both global ECM and Leveraged Finance. Adjusted* return on regulatory capital was 18% in 2Q18 and 15% in 1H18.

1H18 net revenues in global advisory and underwriting rose 5% to USD 2.3 billion, significantly outperforming the Street⁸.

5

For further information

Adam Gishen, Investor Relations, Credit Suisse
Tel: +41 44 333 71 49
e-mail: investor.relations@credit-suisse.com

Amy Rajendran, Media Relations, Credit Suisse
Tel: +41 844 33 88 44
e-mail: media.relations@credit-suisse.com

The complete 2Q18 Financial Report and Results Presentation Slides are available for download from 07:00 CEST today at: https://www.credit-suisse.com/results.

Presentation of 2Q18 results – Tuesday, 31 July 2018

Event	Analyst Call	Media Conference Call
Time	08:15 Zurich 07:15 London 02:15 New York	10:15 Zurich 09:15 London 04:15 New York
Speakers	Tidjane Thiam, Chief Executive Officer David Mathers, Chief Financial Officer	Tidjane Thiam, Chief Executive Officer David Mathers, Chief Financial Officer
Language	The presentation will be held in English.	The presentation will be held in English. Simultaneous interpreting in German will be available.
Access via Telephone	+41 44 580 40 01 (Switzerland) +44 1452 565 510 (Europe) +1 866 389 9771 (US) Reference: Credit Suisse Analysts and Investors call or meeting ID: 1597206 Please dial in 15 minutes before the start of the presentation.	+41 44 580 40 01 (Switzerland) +44 1452 565 510 (Europe) +1 866 389 9771 (US) Reference: Credit Suisse Group quarterly results Please dial in 10 minutes before the start of the presentation.
Q&A Session	Opportunity to ask questions via the telephone conference.	Following the presentation, you will have the opportunity to ask the speakers questions.
Playback	Replay available approximately one hour after the event: +41 44 580 40 26 (Switzerland) +44 3333 00 97 85 (Europe) +1 917 677 75 32 (US) Conference ID: 1597206#	Replay available approximately one hour after the event: +41 44 580 40 26 (Switzerland) +44 3333 00 97 85 (Europe) +1 917 677 75 32 (US) Conference ID English: 8497606# Conference ID German: 1248555#

6

The results of Credit Suisse Group comprise the results of our six reporting segments, including the Strategic Resolution Unit, and the Corporate Center. Core results exclude revenues and expenses from our Strategic Resolution Unit.

As we move ahead with the implementation of our strategy, it is important to measure the progress achieved by our underlying business performance in a consistent manner. To achieve this, we will focus our analyses on adjusted results.

Adjusted results referred to in this Media Release are non-GAAP financial measures that exclude goodwill impairment and certain other revenues and expenses included in our reported results. Management believes that adjusted results provide a useful presentation of our operating results for the purposes of assessing our Group and divisional performance consistently over time, on a basis that excludes items that management does not consider representative of our underlying performance. We will report quarterly on the same adjusted* basis for the Group, Core and divisional results until end-2018 to allow investors to monitor our progress in implementing our strategy, given the material restructuring charges we are likely to incur and other items which are not reflective of our underlying performance but are to be borne in the interim period. Tables in the Appendix of this Media Release provide the detailed reconciliation between reported and adjusted results for the Group, Core businesses and the individual divisions.

Footnotes

* Refers to adjusted results. Adjusted results are non-GAAP financial measures. For a reconciliation of the adjusted results to the most directly comparable US GAAP measures, see the Appendix of this Media Release.

¹ Excluding operational risk of CHF 19 billion in 1H15 and CHF 11 billion in 1H18.

² Refers to the cumulative total of year over year increases for quarterly adjusted* pre-tax income.

³ Source: Euromoney as of July 11, 2018.

⁴ Source: Asian Investor as of April 10, 2018.

⁵ Source: Dealogic as of June 30, 2018, for Asia Pacific ex-Japan and ex-China onshore.

⁶ Includes sales and trading and underwriting.

⁷ Source: Thomson Reuters / IFRS as per June 30, 2018.

⁸ Source: Dealogic as per June 30, 2018.

Abbreviations

APAC – Asia Pacific; AuM – assets under management; CHF – Swiss francs; CET1 – common equity tier 1; ECM – equity capital markets; EMEA – Europe, Middle East and Africa; FINMA – Swiss Financial Market Supervisory Authority; FX – foreign exchange; GM – Global Markets; HNW – high-net-worth; IBCM – Investment Banking & Capital Markets; ITS – International Trading Solutions; IWM – International Wealth Management; M&A – mergers and acquisitions; NNA – net new assets; PB – Private Banking; PC – Private Clients; PTI – pre-tax income; RoTE – return on tangible equity; RWA – risk-weighted assets; SEC – Securities and Exchange Commission; SRU – Strategic Resolution Unit; SUB – Swiss Universal Bank; UHNW – ultra-high-net-worth; USD – US dollars; US GAAP – US generally accepted accounting principles; WM&C – Wealth Management & Connected

Important information

This Media Release contains select information from the full 2Q18 Financial Report and 2Q18 Results Presentation Slides that Credit Suisse believes is of particular interest to media professionals. The complete 2Q18 Financial Report and 2Q18 Results Presentation Slides, which have been distributed simultaneously, contain more comprehensive information about our results and operations for the reporting quarter, as well as important information about our reporting methodology and some of the terms used in these documents. The complete 2Q18 Financial Report and 2Q18 Results Presentation Slides are not incorporated by reference into this Media Release.

Information referenced in this Media Release, whether via website links or otherwise, is not incorporated into this Media Release.

Our cost savings program is measured using adjusted operating cost base at constant FX rates. “Adjusted operating cost base at constant FX rates” includes adjustments as made in all our disclosures for restructuring expenses, major litigation expenses and a goodwill impairment taken in 4Q15 as well as adjustments for debit valuation adjustments (DVA) related volatility, FX and for certain accounting changes (which had not been in place at the launch of the cost savings program). Adjustments for certain accounting changes have been restated to reflect grossed up expenses in the Corporate Center and, starting in 1Q18, also include adjustments for changes from ASU 2014-09 “Revenue from Contracts with Customers”, which is described further in our 1Q18 and 2Q18 Financial Reports. Adjustments for FX apply unweighted currency exchange rates, i.e., a straight line average of monthly rates, consistently for the periods under review.

Regulatory capital is calculated as the worst of 10% of RWA and 3.5% of leverage exposure. Return on regulatory capital is calculated using (adjusted) income/(loss) after tax and assumes a tax rate of 30% and capital allocated based on the worst of 10% of average RWA and 3.5% of average leverage exposure. For the Markets business within the APAC division and for the Global Markets and Investment Banking & Capital Markets divisions, return on regulatory capital is based on US dollar denominated numbers. Adjusted return on regulatory capital is calculated using adjusted results, applying the same methodology to calculate return on regulatory capital.

7

Return on tangible equity attributable to shareholders, a non-GAAP financial measure, is based on tangible equity attributable to shareholders, which is calculated by deducting goodwill and other intangible assets from total equity attributable to shareholders as presented in our balance sheet. Management believes that the return on tangible equity attributable to shareholders is meaningful as it allows consistent measurement of the performance of businesses without regard to whether the businesses were acquired. For end-2Q18, 1Q18, 2Q17 and 2Q16, tangible equity excluded goodwill of CHF 4,797 million, CHF 4,667 million, CHF 4,673 million and CHF 4,745 million, respectively, and other intangible assets of CHF 212 million, CHF 212 million, CHF 195 million and CHF 191 million, respectively from total equity attributable to shareholders of CHF 43,470 million, CHF 42,540 million, CHF 43,493 million and CHF 44,962 million, respectively, as presented in our balance sheet.

We may not achieve all of the expected benefits of our strategic initiatives. Factors beyond our control, including but not limited to the market and economic conditions, changes in laws, rules or regulations and other challenges discussed in our public filings, could limit our ability to achieve some or all of the expected benefits of these initiatives.

In particular, the terms “Estimate”, “Illustrative”, “Ambition”, “Objective”, “Outlook” and “Goal” are not intended to be viewed as targets or projections, nor are they considered to be Key Performance Indicators. All such estimates, illustrations, ambitions, objectives, outlooks and goals are subject to a large number of inherent risks, assumptions and uncertainties, many of which are completely outside of our control. These risks, assumptions and uncertainties include, but are not limited to, general market conditions, market volatility, interest rate volatility and levels, global and regional economic conditions, political uncertainty, changes in tax policies, regulatory changes, changes in levels of client activity as a result of any of the foregoing and other factors. Accordingly, this information should not be relied on for any purpose. We do not intend to update these estimates, illustrations, ambitions, objectives, outlooks or goals.

In preparing this media release, management has made estimates and assumptions that affect the numbers presented. Actual results may differ. Annualized numbers do not take into account variations in operating results, seasonality and other factors and may not be indicative of actual, full-year results. Figures throughout this media release may also be subject to rounding adjustments. All opinions and views constitute judgments as of the date of writing without regard to the date on which the reader may receive or access the information. This information is subject to change at any time without notice and we do not intend to update this information.

As of January 1, 2013, Basel III was implemented in Switzerland along with the Swiss “Too Big to Fail” legislation and regulations thereunder (in each case, subject to certain phase-in periods). As of January 1, 2015, the Bank for International Settlements (BIS) leverage ratio framework, as issued by the Basel Committee on Banking Supervision (BCBS), was implemented in Switzerland by FINMA. Our related disclosures are in accordance with our interpretation of such requirements, including relevant assumptions. Changes in the interpretation of these requirements in Switzerland or in any of our assumptions or estimates could result in different numbers from those shown in this media release.

Unless otherwise noted, leverage exposure is based on the BIS leverage ratio framework and consists of period-end balance sheet assets and prescribed regulatory adjustments. The look-through tier 1 leverage ratio and CET1 leverage ratio are calculated as look-through BIS tier 1 capital and CET1 capital, respectively, divided by period end leverage exposure. Swiss leverage ratios are measured on the same period-end basis as the leverage exposure for the BIS leverage ratio.

Margin calculations for APAC are aligned with the performance metrics of the Private Banking business and its related assets under management within the WM&C business in APAC. Assets under management and net new assets for APAC relate to the Private Banking business within the Wealth Management & Connected business.

Gross margin is calculated by dividing net revenues by average assets under management. Net margin is calculated by dividing income before taxes by average assets under management. Adjusted margins are calculated using adjusted results, applying the same methodology to calculate gross and net margin.

Mandate penetration reflects advisory and discretionary mandates volumes as a percentage of assets under management, excluding those from the external asset manager business.

References to Wealth Management mean SUB PC, IWM PB and APAC PB within WM&C or their combined results. References to Wealth Management-related mean SUB, IWM and APAC WM&C or their combined results. References to global advisory and underwriting include global revenues from advisory, debt and equity underwriting generated across all divisions before cross-divisional revenue sharing agreements.

Generic references to profit and costs in this media release refer to pre-tax income and operating expenses, respectively.

Investors and others should note that we announce material information (including quarterly earnings releases and financial reports) to the investing public using press releases, SEC and Swiss ad hoc filings, our website and public conference calls and webcasts. We intend to also use our Twitter account @creditsuisse (https://twitter.com/creditsuisse) to excerpt key messages from our public disclosures, including earnings releases. We may retweet such messages through certain of our regional Twitter accounts, including @csschweiz (https://twitter.com/csschweiz) and @csapac (https://twitter.com/csapac). Investors and others should take care to consider such abbreviated messages in the context of the disclosures from which they are excerpted. The information we post on these Twitter accounts is not a part of this Media Release.

In various tables, use of “–” indicates not meaningful or not applicable.

8

Appendix

Key metrics
	in / end of			% change		in / end of		% change
	2Q18	1Q18	2Q17	QoQ	YoY	6M18	6M17	YoY
Credit Suisse Group results (CHF million)
Net revenues	5,595	5,636	5,205	(1)	7	11,231	10,739	5
Provision for credit losses	73	48	82	52	(11)	121	135	(10)
Total operating expenses	4,470	4,534	4,541	(1)	(2)	9,004	9,352	(4)
Income before taxes	1,052	1,054	582	0	81	2,106	1,252	68
Net income attributable to shareholders	647	694	303	(7)	114	1,341	899	49
Assets under management and net new assets (CHF million)
Assets under management	1,398.4	1,379.6	1,307.3	1.4	7.0	1,398.4	1,307.3	7.0
Net new assets	15.4	25.1	12.1	(38.6)	27.3	40.5	36.5	11.0
Basel III regulatory capital and leverage statistics
CET1 ratio (%)	12.8	12.9	14.2	–	–	12.8	14.2	–
Look-through CET1 ratio (%)	12.8	12.9	13.3	–	–	12.8	13.3	–
Look-through CET1 leverage ratio (%)	3.9	3.8	3.8	–	–	3.9	3.8	–
Look-through tier 1 leverage ratio (%)	5.2	5.1	5.2	–	–	5.2	5.2	–

A-1

Credit Suisse and Core Results
	Core Results			Strategic Resolution Unit			Credit Suisse
in / end of	2Q18	1Q18	2Q17	2Q18	1Q18	2Q17	2Q18	1Q18	2Q17
Statements of operations (CHF million)
Net revenues	5,771	5,839	5,479	(176)	(203)	(274)	5,595	5,636	5,205
Provision for credit losses	74	48	69	(1)	0	13	73	48	82
Compensation and benefits	2,476	2,473	2,501	71	65	94	2,547	2,538	2,595
General and administrative expenses	1,313	1,382	1,363	107	126	164	1,420	1,508	1,527
Commission expenses	326	340	343	2	4	7	328	344	350
Restructuring expenses	162	133	58	13	11	11	175	144	69
Total other operating expenses	1,801	1,855	1,764	122	141	182	1,923	1,996	1,946
Total operating expenses	4,277	4,328	4,265	193	206	276	4,470	4,534	4,541
Income/(loss) before taxes	1,420	1,463	1,145	(368)	(409)	(563)	1,052	1,054	582
Statement of operations metrics (%)
Return on regulatory capital	12.8	13.4	10.9	–	–	–	9.1	9.1	5.1
Balance sheet statistics (CHF million)
Total assets	770,719	778,889	728,984	27,439	30,163	54,427	798,158	809,052	783,411
Risk-weighted assets 1	256,677	248,776	221,236	20,448	22,239	38,101	277,125	271,015	259,337
Leverage exposure 1	881,310	888,903	834,583	38,692	43,168	71,611	920,002	932,071	906,194

Credit Suisse and Core Results
	Core Results		Strategic Resolution Unit		Credit Suisse
in / end of	6M18	6M17	6M18	6M17	6M18	6M17
Statements of operations (CHF million)
Net revenues	11,610	11,219	(379)	(480)	11,231	10,739
Provision for credit losses	122	98	(1)	37	121	135
Compensation and benefits	4,949	5,118	136	182	5,085	5,300
General and administrative expenses	2,695	2,757	233	371	2,928	3,128
Commission expenses	666	704	6	14	672	718
Restructuring expenses	295	188	24	18	319	206
Total other operating expenses	3,656	3,649	263	403	3,919	4,052
Total operating expenses	8,605	8,767	399	585	9,004	9,352
Income/(loss) before taxes	2,883	2,354	(777)	(1,102)	2,106	1,252
Statement of operations metrics (%)
Return on regulatory capital	13.2	11.1	–	–	9.1	5.4
1 Disclosed on a look-through basis.

A-2

Adjusted results referred to in this media release are non-GAAP financial measures that exclude goodwill impairment and certain other revenues and expenses included in our reported results. Management believes that adjusted results provide a useful presentation of our operating results for purposes of assessing our Group and divisional performance over time, on a basis that excludes items that management does not consider representative of our underlying performance. Provided below is a reconciliation of our adjusted results to the most directly comparable US GAAP measures.

Reconciliation of adjusted results
	Core Results			Strategic Resolution Unit			Credit Suisse
in	2Q18	1Q18	2Q17	2Q18	1Q18	2Q17	2Q18	1Q18	2Q17
Reconciliation of adjusted results (CHF million, except where indicated)
Net revenues	5,771	5,839	5,479	(176)	(203)	(274)	5,595	5,636	5,205
Real estate gains	0	0	0	0	(1)	0	0	(1)	0
(Gains)/losses on business sales	0	(73)	0	0	0	0	0	(73)	0
Adjusted net revenues	5,771	5,766	5,479	(176)	(204)	(274)	5,595	5,562	5,205
Provision for credit losses	74	48	69	(1)	0	13	73	48	82
Total operating expenses	4,277	4,328	4,265	193	206	276	4,470	4,534	4,541
Restructuring expenses	(162)	(133)	(58)	(13)	(11)	(11)	(175)	(144)	(69)
Major litigation provisions	(29)	(48)	(12)	(26)	(37)	(21)	(55)	(85)	(33)
Expenses related to business sales	0	0	0	(1)	0	0	(1)	0	0
Adjusted total operating expenses	4,086	4,147	4,195	153	158	244	4,239	4,305	4,439
Income/(loss) before taxes	1,420	1,463	1,145	(368)	(409)	(563)	1,052	1,054	582
Total adjustments	191	108	70	40	47	32	231	155	102
Adjusted income/(loss) before taxes	1,611	1,571	1,215	(328)	(362)	(531)	1,283	1,209	684
Adjusted return on regulatory capital (%)	14.6	14.4	11.5	–	–	–	11.1	10.5	5.9

	Core Results		Strategic Resolution Unit		Credit Suisse
in	6M18	6M17	6M18	6M17	6M18	6M17
Reconciliation of adjusted results (CHF million, except where indicated)
Net revenues	11,610	11,219	(379)	(480)	11,231	10,739
Real estate gains	0	0	(1)	0	(1)	0
(Gains)/losses on business sales	(73)	23	0	(38)	(73)	(15)
Adjusted net revenues	11,537	11,242	(380)	(518)	11,157	10,724
Provision for credit losses	122	98	(1)	37	121	135
Total operating expenses	8,605	8,767	399	585	9,004	9,352
Restructuring expenses	(295)	(188)	(24)	(18)	(319)	(206)
Major litigation provisions	(77)	(39)	(63)	(91)	(140)	(130)
Expenses related to business sales	0	0	(1)	0	(1)	0
Adjusted total operating expenses	8,233	8,540	311	476	8,544	9,016
Income/(loss) before taxes	2,883	2,354	(777)	(1,102)	2,106	1,252
Total adjustments	299	250	87	71	386	321
Adjusted income/(loss) before taxes	3,182	2,604	(690)	(1,031)	2,492	1,573
Adjusted return on regulatory capital (%)	14.5	12.3	–	–	10.8	6.7
Adjusted return on regulatory capital is calculated using adjusted results, applying the same methodology used to calculate return on regulatory capital.

A-3

Reconciliation of adjusted results
	Credit Suisse
in	4Q17	3Q17	2Q17	1Q17	4Q16	3Q16	2Q16	1Q16	4Q15
Reconciliation of adjusted results (CHF million, except where indicated)
Net revenues	5,189	4,972	5,205	5,534	5,181	5,396	5,108	4,638	4,210
Fair value on own debt	–	–	–	–	–	–	–	–	697
Real estate gains	0	0	0	0	(78)	(346)	0	0	(72)
(Gains)/losses on business sales	28	0	0	(15)	2	0	0	56	(34)
Adjusted net revenues	5,217	4,972	5,205	5,519	5,105	5,050	5,108	4,694	4,801
Provision for credit losses	43	32	82	53	75	55	(28)	150	133
Total operating expenses	5,005	4,540	4,541	4,811	7,309	5,119	4,937	4,972	10,518
Goodwill impairment	0	0	0	0	0	0	0	0	(3,797)
Restructuring expenses	(137)	(112)	(69)	(137)	(49)	(145)	(91)	(255)	(355)
Major litigation provisions	(255)	(108)	(33)	(97)	(2,401)	(306)	0	0	(564)
Expenses related to business sales	(8)	0	0	0	0	0	0	0	0
Adjusted total operating expenses	4,605	4,320	4,439	4,577	4,859	4,668	4,846	4,717	5,802
Income/(loss) before taxe	141	400	582	670	(2,203)	222	199	(484)	(6,441)
Total adjustments	428	220	102	219	2,374	105	91	311	5,307
Adjusted income/(loss) before taxes	569	620	684	889	171	327	290	(173)	(1,134)

Reconciliation of adjusted results
	SUB, IWM, and APAC WM&C
in	6M18	6M17	6M16	6M15	1
Adjusted results (CHF million)
Net revenues	6,824	6,392	5,874	5,789
Real estate gains	0	0	0	(23)
(Gains)/losses on business sales	(73)	0	0	0
Adjusted net revenues	6,751	6,392	5,874	5,766
Provision for credit losses	88	59	13	65
Total operating expenses	4,330	4,374	4,199	4,083
Restructuring expenses	(123)	(97)	(69)	–
Major litigation provisions	(77)	(39)	0	10
Adjusted total operating expenses	4,130	4,238	4,130	4,093
Income before taxes	2,406	1,959	1,662	1,641
Total adjustments	127	136	69	(33)
Adjusted income before taxes	2,533	2,095	1,731	1,608
1 Excludes net revenues and total operating expenses for Swisscard of CHF 148 million and CHF 123 million, respectively.

A-4

Swiss Universal Bank
	in / end of			% change		in / end of % change
	2Q18	1Q18	2Q17	QoQ	YoY	6M18	6M17	YoY
Results (CHF million)
Net revenues	1,419	1,431	1,405	(1)	1	2,850	2,759	3
of which Private Clients	757	762	733	(1)	3	1,519	1,444	5
of which Corporate & Institutional Clients	662	669	672	(1)	(1)	1,331	1,315	1
Provision for credit losses	35	34	36	3	(3)	69	46	50
Total operating expenses	831	834	867	0	(4)	1,665	1,807	(8)
Income before taxes	553	563	502	(2)	10	1,116	906	23
of which Private Clients	268	265	222	1	21	533	383	39
of which Corporate & Institutional Clients	285	298	280	(4)	2	583	523	11
Metrics (%)
Return on regulatory capital	17.7	17.9	15.5	–	–	17.7	14.1	–
Cost/income ratio	58.6	58.3	61.7	–	–	58.4	65.5	–
Private Clients
Assets under management (CHF billion)	207.9	206.7	201.5	0.6	3.2	207.9	201.5	3.2
Net new assets (CHF billion)	0.5	2.7	1.7	–	–	3.2	3.7	–
Gross margin (annualized) (bp)	145	147	146	–	–	146	146	–
Net margin (annualized) (bp)	51	51	44	–	–	51	39	–
Corporate & Institutional Clients
Assets under management (CHF billion)	355.8	352.0	352.5	1.1	0.9	355.8	352.5	0.9
Net new assets (CHF billion)	0.9	3.8	0.0	–	–	4.7	0.0	–

A-5

Reconciliation of adjusted results
	Private Clients			Corporate & Institutional Clients			Swiss Universal Bank
in	2Q18	1Q18	2Q17	2Q18	1Q18	2Q17	2Q18	1Q18	2Q17
Adjusted results (CHF million, except where indicated)
Net revenues	757	762	733	662	669	672	1,419	1,431	1,405
Gains on business sales	0	(19)	0	0	(18)	0	0	(37)	0
Adjusted net revenues	757	743	733	662	651	672	1,419	1,394	1,405
Provision for credit losses	11	10	11	24	24	25	35	34	36
Total operating expenses	478	487	500	353	347	367	831	834	867
Restructuring expenses	(17)	(22)	2	(10)	(6)	2	(27)	(28)	4
Major litigation provisions	0	0	(2)	0	0	(4)	0	0	(6)
Adjusted total operating expenses	461	465	500	343	341	365	804	806	865
Income before taxes	268	265	222	285	298	280	553	563	502
Total adjustments	17	3	0	10	(12)	2	27	(9)	2
Adjusted income before taxes	285	268	222	295	286	282	580	554	504
Adjusted return on regulatory capital (%)	–	–	–	–	–	–	18.6	17.6	15.6

	Private Clients		Corporate & Institutional Clients		Swiss Universal Bank
in	6M18	6M17	6M18	6M17	6M18	6M17
Adjusted results (CHF million, except where indicated)
Net revenues	1,519	1,444	1,331	1,315	2,850	2,759
Gains on business sales	(19)	0	(18)	0	(37)	0
Adjusted net revenues	1,500	1,444	1,313	1,315	2,813	2,759
Provision for credit losses	21	23	48	23	69	46
Total operating expenses	965	1,038	700	769	1,665	1,807
Restructuring expenses	(39)	(45)	(16)	(3)	(55)	(48)
Major litigation provisions	0	(2)	0	(31)	0	(33)
Adjusted total operating expenses	926	991	684	735	1,610	1,726
Income before taxes	533	383	583	523	1,116	906
Total adjustments	20	47	(2)	34	18	81
Adjusted income before taxes	553	430	581	557	1,134	987
Adjusted return on regulatory capital (%)	–	–	–	–	18.0	15.4

A-6

International Wealth Management
	in / end of			% change		in / end of		% change
	2Q18	1Q18	2Q17	QoQ	YoY	6M18	6M17	YoY
Results (CHF million)
Net revenues	1,344	1,403	1,264	(4)	6	2,747	2,485	11
of which Private Banking	992	1,043	927	(5)	7	2,035	1,810	12
of which Asset Management	352	360	337	(2)	4	712	675	5
Provision for credit losses	5	(1)	8	–	(38)	4	10	(60)
Total operating expenses	906	920	891	(2)	2	1,826	1,819	0
Income before taxes	433	484	365	(11)	19	917	656	40
of which Private Banking	347	401	297	(13)	17	748	536	40
of which Asset Management	86	83	68	4	26	169	120	41
Metrics (%)
Return on regulatory capital	31.8	35.7	28.3	–	–	33.6	25.6	–
Cost/income ratio	67.4	65.6	70.5	–	–	66.5	73.2	–
Private Banking
Assets under management (CHF billion)	370.7	369.7	336.4	0.3	10.2	370.7	336.4	10.2
Net new assets (CHF billion)	5.2	5.5	4.6	–	–	10.7	9.3	–
Gross margin (annualized) (bp)	107	114	110	–	–	110	109	–
Net margin (annualized) (bp)	37	44	35	–	–	41	32	–
Asset Management
Assets under management (CHF billion)	401.4	391.2	366.0	2.6	9.7	401.4	366.0	9.7
Net new assets (CHF billion)	8.0	9.0	2.8	–	–	17.0	17.8	–

A-7

Reconciliation of adjusted results
	Private Banking			Asset Management			International Wealth Management
in	2Q18	1Q18	2Q17	2Q18	1Q18	2Q17	2Q18	1Q18	2Q17
Adjusted results (CHF million, except where indicated)
Net revenues	992	1,043	927	352	360	337	1,344	1,403	1,264
(Gains)/losses on business sales	0	(37)	0	0	1	0	0	(36)	0
Adjusted net revenues	992	1,006	927	352	361	337	1,344	1,367	1,264
Provision for credit losses	5	(1)	8	0	0	0	5	(1)	8
Total operating expenses	640	643	622	266	277	269	906	920	891
Restructuring expenses	(25)	(18)	(4)	(3)	(8)	(3)	(28)	(26)	(7)
Major litigation provisions	0	0	(6)	0	0	0	0	0	(6)
Adjusted total operating expenses	615	625	612	263	269	266	878	894	878
Income before taxes	347	401	297	86	83	68	433	484	365
Total adjustments	25	(19)	10	3	9	3	28	(10)	13
Adjusted income before taxes	372	382	307	89	92	71	461	474	378
Adjusted return on regulatory capital (%)	–	–	–	–	–	–	33.9	34.9	29.3

	Private Banking		Asset Management		International Wealth Management
in	6M18	6M17	6M18	6M17	6M18	6M17
Adjusted results (CHF million, except where indicated)
Net revenues	2,035	1,810	712	675	2,747	2,485
(Gains)/losses on business sales	(37)	0	1	0	(36)	0
Adjusted net revenues	1,998	1,810	713	675	2,711	2,485
Provision for credit losses	4	10	0	0	4	10
Total operating expenses	1,283	1,264	543	555	1,826	1,819
Restructuring expenses	(43)	(27)	(11)	(16)	(54)	(43)
Major litigation provisions	0	(6)	0	0	0	(6)
Adjusted total operating expenses	1,240	1,231	532	539	1,772	1,770
Income before taxes	748	536	169	120	917	656
Total adjustments	6	33	12	16	18	49
Adjusted income before taxes	754	569	181	136	935	705
Adjusted return on regulatory capital (%)	–	–	–	–	34.3	27.5

A-8

Asia Pacific
	in / end of			% change		in / end of		% change
	2Q18	1Q18	2Q17	QoQ	YoY	6M18	6M17	YoY
Results (CHF million)
Net revenues	914	991	848	(8)	8	1,905	1,729	10
of which Wealth Management & Connected	564	663	559	(15)	1	1,227	1,148	7
of which Markets	350	328	289	7	21	678	581	17
Provision for credit losses	7	10	(1)	(30)	–	17	3	467
Total operating expenses	690	747	661	(8)	4	1,437	1,391	3
Income before taxes	217	234	188	(7)	15	451	335	35
of which Wealth Management & Connected	168	205	196	(18)	(14)	373	397	(6)
of which Markets	49	29	(8)	69	–	78	(62)	–
Metrics (%)
Return on regulatory capital	14.8	16.9	14.4	–	–	15.9	12.7	–
Cost/income ratio	75.5	75.4	77.9	–	–	75.4	80.5	–
Wealth Management & Connected – Private Banking
Assets under management (CHF billion)	205.6	199.1	177.8	3.3	15.6	205.6	177.8	15.6
Net new assets (CHF billion)	3.4	6.2	4.5	–	–	9.6	9.8	–
Gross margin (annualized) (bp)	80	92	91	–	–	86	94	–
Net margin (annualized) (bp)	29	34	33	–	–	32	33	–

A-9

Reconciliation of adjusted results
	Wealth Management & Connected			Markets			Asia Pacific
in	2Q18	1Q18	2Q17	2Q18	1Q18	2Q17	2Q18	1Q18	2Q17
Adjusted results (CHF million, except where indicated)
Net revenues	564	663	559	350	328	289	914	991	848
Provision for credit losses	6	9	(1)	1	1	0	7	10	(1)
Total operating expenses	390	449	364	300	298	297	690	747	661
Restructuring expenses	(11)	(3)	(2)	(9)	(3)	(9)	(20)	(6)	(11)
Major litigation provisions	(29)	(48)	0	0	0	0	(29)	(48)	0
Adjusted total operating expenses	350	398	362	291	295	288	641	693	650
Income/(loss) before taxes	168	205	196	49	29	(8)	217	234	188
Total adjustments	40	51	2	9	3	9	49	54	11
Adjusted income before taxes	208	256	198	58	32	1	266	288	199
Adjusted return on regulatory capital (%)	–	–	–	–	–	–	18.3	20.8	15.3

	Wealth Management & Connected		Markets		Asia Pacific
in	6M18	6M17	6M18	6M17	6M18	6M17
Adjusted results (CHF million, except where indicated)
Net revenues	1,227	1,148	678	581	1,905	1,729
Provision for credit losses	15	3	2	0	17	3
Total operating expenses	839	748	598	643	1,437	1,391
Restructuring expenses	(14)	(6)	(12)	(24)	(26)	(30)
Major litigation provisions	(77)	0	0	0	(77)	0
Adjusted total operating expenses	748	742	586	619	1,334	1,361
Income/(loss) before taxes	373	397	78	(62)	451	335
Total adjustments	91	6	12	24	103	30
Adjusted income/(loss) before taxes	464	403	90	(38)	554	365
Adjusted return on regulatory capital (%)	–	–	–	–	19.6	13.8

			APAC Markets
in	2Q18	2Q17	6M18	6M17
Adjusted results (USD million)
Net revenues	354	298	702	591
Total operating expenses	304	305	619	652
Restructuring expenses	(10)	(8)	(13)	(23)
Adjusted total operating expenses	294	297	606	629
Income before taxes	50	(7)	81	(61)
Total adjustments	10	8	13	23
Adjusted income before taxes	60	1	94	(38)

A-10

Global Markets
	in / end of			% change		in / end of		% change
	2Q18	1Q18	2Q17	QoQ	YoY	6M18	6M17	YoY
Results (CHF million)
Net revenues	1,426	1,546	1,517	(8)	(6)	2,972	3,126	(5)
Provision for credit losses	12	4	12	200	0	16	17	(6)
Total operating expenses	1,266	1,247	1,248	2	1	2,513	2,535	(1)
Income before taxes	148	295	257	(50)	(42)	443	574	(23)
Metrics (%)
Return on regulatory capital	4.2	8.5	7.4	–	–	6.5	8.2	–
Cost/income ratio	88.8	80.7	82.3	–	–	84.6	81.1	–

Reconciliation of adjusted results
	Global Markets
in	2Q18	1Q18	2Q17	6M18	6M17
Adjusted results (CHF million, except where indicated)
Net revenues	1,426	1,546	1,517	2,972	3,126
Provision for credit losses	12	4	12	16	17
Total operating expenses	1,266	1,247	1,248	2,513	2,535
Restructuring expenses	(56)	(42)	(32)	(98)	(52)
Adjusted total operating expenses	1,210	1,205	1,216	2,415	2,483
Income before taxes	148	295	257	443	574
Total adjustments	56	42	32	98	52
Adjusted income before taxes	204	337	289	541	626
Adjusted return on regulatory capital (%)	5.8	9.8	8.3	7.9	9.0

			Global Markets
in	2Q18	2Q17	6M18	6M17
Adjusted results (USD million)
Net revenues	1,441	1,560	3,083	3,175
Provision for credit losses	13	12	17	17
Total operating expenses	1,279	1,281	2,604	2,573
Restructuring expenses	(57)	(33)	(101)	(53)
Adjusted total operating expenses	1,222	1,248	2,503	2,520
Income before taxes	149	267	462	585
Total adjustments	57	33	101	53
Adjusted income before taxes	206	300	563	638

A-11

Investment Banking & Capital Markets
	in / end of			% change		in / end of		% change
	2Q18	1Q18	2Q17	QoQ	YoY	6M18	6M17	YoY
Results (CHF million)
Net revenues	644	528	511	22	26	1,172	1,117	5
Provision for credit losses	15	1	13	–	15	16	19	(16)
Total operating expenses	519	468	420	11	24	987	871	13
Income before taxes	110	59	78	86	41	169	227	(26)
Metrics (%)
Return on regulatory capital	13.9	8.1	12.0	–	–	11.1	17.4	–
Cost/income ratio	80.6	88.6	82.2	–	–	84.2	78.0	–

Reconciliation of adjusted results
	Investment Banking & Capital Markets
in	2Q18	1Q18	2Q17	6M18	6M17
Adjusted results (CHF million, except where indicated)
Net revenues	644	528	511	1,172	1,117
Provision for credit losses	15	1	13	16	19
Total operating expenses	519	468	420	987	871
Restructuring expenses	(31)	(30)	(10)	(61)	(12)
Adjusted total operating expenses	488	438	410	926	859
Income before taxes	110	59	78	169	227
Total adjustments	31	30	10	61	12
Adjusted income before taxes	141	89	88	230	239
Adjusted return on regulatory capital (%)	17.8	12.4	13.5	15.2	18.3

	Investment Banking & Capital Markets
in	2Q18	2Q17	6M18	6M17
Adjusted results (USD million)
Net revenues	650	527	1,209	1,135
Provision for credit losses	15	14	16	20
Total operating expenses	525	431	1,021	884
Restructuring expenses	(31)	(10)	(63)	(12)
Adjusted total operating expenses	494	421	958	872
Income before taxes	110	82	172	231
Total adjustments	31	10	63	12
Adjusted income before taxes	141	92	235	243

Global advisory and underwriting revenues
	in			% change		in		% change
	2Q18	1Q18	2Q17	QoQ	YoY	6M18	6M17	YoY
Global advisory and underwriting revenues (USD million)
Global advisory and underwriting revenues	1,156	1,106	1,016	5	14	2,262	2,149	5
of which advisory and other fees	313	251	192	25	63	564	470	20
of which debt underwriting	568	616	582	(8)	(2)	1,184	1,229	(4)
of which equity underwriting	275	239	242	15	14	514	450	14

A-12

Cautionary statement regarding forward-looking information

This document contains statements that constitute forward-looking statements. In addition, in the future we, and others on our behalf, may make statements that constitute forward-looking statements. Such forward-looking statements may include, without limitation, statements relating to the following:

– our plans, objectives, ambitions, targets or goals;

– our future economic performance or prospects;

– the potential effect on our future performance of certain contingencies; and

– assumptions underlying any such statements.

Words such as “believes,” “anticipates,” “expects,” “intends” and “plans” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. We do not intend to update these forward-looking statements.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other outcomes described or implied in forward-looking statements will not be achieved. We caution you that a number of important factors could cause results to differ materially from the plans, objectives, ambitions, targets, expectations, estimates and intentions expressed in such forward-looking statements. These factors include:

– the ability to maintain sufficient liquidity and access capital markets;

– market volatility and interest rate fluctuations and developments affecting interest rate levels;

– the strength of the global economy in general and the strength of the economies of the countries in which we conduct our operations, in particular the risk of continued slow economic recovery or downturn in the US or other developed countries or in emerging markets in 2018 and beyond;

– the direct and indirect impacts of deterioration or slow recovery in residential and commercial real estate markets;

– adverse rating actions by credit rating agencies in respect of us, sovereign issuers, structured credit products or other credit-related exposures;

– the ability to achieve our strategic goals, including those related to cost efficiency, income/(loss) before taxes, capital ratios and return on regulatory capital, leverage exposure threshold, risk-weighted assets threshold, return on tangible equity and other targets, objectives and ambitions;

– the ability of counterparties to meet their obligations to us;

– the effects of, and changes in, fiscal, monetary, exchange rate, trade and tax policies, as well as currency fluctuations;

– political and social developments, including war, civil unrest or terrorist activity;

– the possibility of foreign exchange controls, expropriation, nationalization or confiscation of assets in countries in which we conduct our operations;

– operational factors such as systems failure, human error, or the failure to implement procedures properly;

– the risk of cyber attacks on our business or operations;

– actions taken by regulators with respect to our business and practices and possible resulting changes to our business organization, practices and policies in countries in which we conduct our operations;

– the effects of changes in laws, regulations or accounting or tax standards, policies or practices in countries in which we conduct our operations;

– the potential effects of proposed changes in our legal entity structure;

– competition or changes in our competitive position in geographic and business areas in which we conduct our operations;

– the ability to retain and recruit qualified personnel;

– the ability to maintain our reputation and promote our brand;

– the ability to increase market share and control expenses;

– technological changes;

– the timely development and acceptance of our new products and services and the perceived overall value of these products and services by users;

– acquisitions, including the ability to integrate acquired businesses successfully, and divestitures, including the ability to sell non-core assets;

– the adverse resolution of litigation, regulatory proceedings and other contingencies; and

– other unforeseen or unexpected events and our success at managing these and the risks involved in the foregoing.

We caution you that the foregoing list of important factors is not exclusive. When evaluating forward-looking statements, you should carefully consider the foregoing factors and other uncertainties and events, including the information set forth in “Risk factors” in I – Information on the company in our Annual Report 2017.

A-13

 Tidjane Thiam, Chief Executive OfficerDavid Mathers, Chief Financial OfficerJuly 31, 2018  Credit SuisseSecond Quarter 2018 Results   

 2  July 31, 2018  Disclaimer  This material does not purport to contain all of the information that you may wish to consider. This material is not to be relied upon as such or used in substitution for the exercise of independent judgment.Cautionary statement regarding forward-looking statements This presentation contains forward-looking statements that involve inherent risks and uncertainties, and we might not be able to achieve the predictions, forecasts, projections and other outcomes we describe or imply in forward-looking statements. A number of important factors could cause results to differ materially from the plans, objectives, expectations, estimates and intentions we express in these forward-looking statements, including those we identify in "Risk factors” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2017 and in the “Cautionary statement regarding forward-looking information" in our 2Q18 Financial Report, published on July 31, 2018 and filed with the US Securities and Exchange Commission, and in other public filings and press releases. We do not intend to update these forward-looking statements. In particular, the terms “Estimate”, “Illustrative”, “Ambition”, “Objective”, “Outlook” and “Goal” are not intended to be viewed as targets or projections, nor are they considered to be Key Performance Indicators. All such estimates, illustrations, ambitions, objectives, outlooks and goals are subject to a large number of inherent risks, assumptions and uncertainties, many of which are completely outside of our control. These risks, assumptions and uncertainties include, but are not limited to, general market conditions, market volatility, interest rate volatility and levels, global and regional economic conditions, political uncertainty, changes in tax policies, regulatory changes, changes in levels of client activity as a result of any of the foregoing and other factors. Accordingly, this information should not be relied on for any purpose. We do not intend to update these estimates, illustrations, ambitions, objectives, outlooks or goals. We may not achieve the benefits of our strategic initiativesWe may not achieve all of the expected benefits of our strategic initiatives. Factors beyond our control, including but not limited to the market and economic conditions, changes in laws, rules or regulations and other challenges discussed in our public filings, could limit our ability to achieve some or all of the expected benefits of these initiatives. Estimates and assumptionsIn preparing this presentation, management has made estimates and assumptions that affect the numbers presented. Actual results may differ. Annualized numbers do not take account of variations in operating results, seasonality and other factors and may not be indicative of actual, full-year results. Figures throughout this presentation may also be subject to rounding adjustments. All opinions and views constitute judgments as of the date of writing without regard to the date on which the reader may receive or access the information. This information is subject to change at any time without notice and we do not intend to update this information. Statement regarding non-GAAP financial measuresThis presentation also contains non-GAAP financial measures, including adjusted results. Information needed to reconcile such non-GAAP financial measures to the most directly comparable measures under US GAAP can be found in this presentation in the Appendix, which is available on our website at www.credit-suisse.com.Statement regarding capital, liquidity and leverageAs of January 1, 2013, Basel III was implemented in Switzerland along with the Swiss “Too Big to Fail” legislation and regulations thereunder (in each case, subject to certain phase-in periods). As of January 1, 2015, the Bank for International Settlements (BIS) leverage ratio framework, as issued by the Basel Committee on Banking Supervision (BCBS), was implemented in Switzerland by FINMA. Our related disclosures are in accordance with our interpretation of such requirements, including relevant assumptions. Changes in the interpretation of these requirements in Switzerland or in any of our assumptions or estimates could result in different numbers from those shown in this presentation. Unless otherwise noted, leverage exposure is based on the BIS leverage ratio framework and consists of period-end balance sheet assets and prescribed regulatory adjustments. The look-through tier 1 leverage ratio and CET1 leverage ratio are calculated as look-through BIS tier 1 capital and CET1 capital, respectively, divided by period-end leverage exposure. Swiss leverage ratios are measured on the same period-end basis as the leverage exposure for the BIS leverage ratio.SourcesCertain material in this presentation has been prepared by Credit Suisse on the basis of publicly available information, internally developed data and other third-party sources believed to be reliable. Credit Suisse has not sought to independently verify information obtained from public and third-party sources and makes no representations or warranties as to accuracy, completeness or reliability of such information. 

 Earnings Review  3  July 31, 2018 

 4  July 31, 2018  Key messagesPTI1 of CHF 1.3 bn, up 88% YoY, highest in 12 quarters, driven by continued positive operating leverage with revenues1 up 7% YoY  Accelerating profitable growth in Wealth Management2Continued strong growth momentum with CHF 23.5 bn of Wealth Management NNA in 1H18; representing an annualized NNA growth rate of 6% Record AuM of CHF 784 bn, at higher net margin year on yearDelivering disciplined, quality, client-led revenue growth; adj. revenues up 7% in 1H18 year-on-yearDriving positive operating leverage with higher revenues and lower costs leading to significant growth inpre-tax income2Q18 adj. revenues up 7% year on year; 1H18 adj. revenues up 4% year on year2Q18 adj. operating expenses down 5% year on year; 1H18 adj. operating expenses down 5% year on yearCHF 4.4 bn of cumulative adj. PTI increase over 7 quartersRestructuring: already achieved end-2018 SRU RWA and leverage exposure target levels On track for SRU wind-down by end-2018, with RWA ex Op Risk and leverage exposure target levels already achieved in 2Q18, while further reducing the drag on our Group resultsAccreting capital and growing shareholder returnsStrong capital position with CET1 ratio of 12.8%; Tier 1 leverage ratio of 5.2%Core adj. RoRC† at 15%3; Group RoTE‡ at 7.2%3 with a clear path to achieving our 2019 target of between 10-11%   1  2  3  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix † See Appendix ‡ See Appendix1 Adjusted 2 Relating to SUB PC, IWM PB and APAC PB within WM&C 3 In 1H18  4 

   5  July 31, 2018  1Q  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix   Seventh consecutive quarter of year-on-year profit growth, starting from 4Q16    +36%    +88%  -1,135    ‘16  ‘17  ‘18  3Q  ‘16  ‘17  4Q  ‘15  ‘16  ‘17  2Q  ‘16  ‘17  ‘18  Group adjusted pre-tax incomein CHF mn    Starting point 

 6  July 31, 2018  2Q18 the highest Group adjusted PTI since 3Q15  Group adjusted pre-tax incomein CHF mn  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix    -1,135  Full-year 2016  Full-year 2017  615  2,762  Half-year 2018  2,492  2Q18 

 7  July 31, 2018  In Wealth Management, we are delivering strong NNA flows…  1 Relating to SUB PC, IWM PB and APAC PB within WM&C 2 APAC PB within WM&C  Wealth Management1 NNA1H18, in CHF bn  2  NNA growth rate1H18 annualized  3%    6%  10%  6%  2Q  1Q  9.1  14.4 

 8  July 31, 2018  …reaching record AuM levels…  Wealth Management1 AuMin CHF bn  1 Relating to SUB PC, IWM PB and APAC PB within WM&C  +21%        +10%  CAGR 

   9  July 31, 2018  …increasing our mandate penetration…  Mandate volume1in CHF bn   +51%  21%  24%  25%  27%  1 Relating to SUB PC, IWM PB and APAC PB within WM&C  Mandate penetration1                 

   10  July 31, 2018  …supporting our overall revenue growth  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix1 Relating to SUB PC, IWM PB and APAC PB within WM&C  +7%  Wealth Management1 adjusted revenuesin CHF mn 

 11  July 31, 2018  We have materially lowered our cost base  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix* Adjusted operating cost base at constant 2015 FX rates; see Appendix  -18%  Adjusted operating cost base at constant FX rates*in CHF bn 

   12  July 31, 2018  Seven consecutive quarters of value creation through positive operating leverage  Group adjusted resultsin CHF mn  Pre-tax incomeincreaseYear-on-year  Net revenuesincreaseYear-on-year  Operating expensesdecreaseYear-on-year      4Q16  1Q17  2Q17  3Q17  4Q17  1Q18  2Q18  +1,306  +1,062  +394  +293  +398  +320  +599  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix  +4,372    Cumulative PTI improvement  +6%  +18%  +2%  -2%  +2%  +1%  +7%  -16%  -3%  -8%  -7%  -5%  -6%  -5% 

 13  July 31, 2018  Compounding effect of consistent delivery of higher revenues and lower costs drives higher profits  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix1 Includes provision for credit losses of CHF 122 mn in 1H16, CHF 135 mn in 1H17 and CHF 121 mn in 1H18  2.5  8.5  11.2  9.0  10.7  1H18  1H16  1H17  Net revenues  Pre-tax income1  Operating expenses  -11%  Group adjusted resultsin CHF bn   9.6  9.8  0.1  1.6    +2.4 bn  +9%  -6%  1H18 vs. 1H16  +4%  -5%  +14% 

 14  July 31, 2018  End-2018 SRU capital targets achieved in 2Q18  SRU RWA excl. Op Risk1in USD bn  -83%  SRU leverage exposurein USD bn  1 Excludes Op Risk RWA of CHF 19 bn in 1H15 and CHF 11 bn in 1H18 2 SRU program will be economically completed by end-2018; residual operations and assets to be absorbed into the rest of the Group from 2019 onwards   2  -81%  2  57    203  39    10 

 15  July 31, 2018  Strong capital ratios  CET1 ratio          Tier 1 leverage ratio            Guidance>12.5%  11.8%    Guidance>5.0% 

 16  July 31, 2018  We have won a number of industry awards  1 Euromoney as of July 11, 2018  Global Award for BestInvestment Bank in the Emerging Markets  Best Bank in Switzerland  Best Investment Bankin Switzerland  Best Bank for Wealth Management Western Europe  Best Bank for WealthManagement Latin America  Best Bank for Wealth Management Central and Eastern Europe  Best Bank for WealthManagement Middle East  Best Investment Bankin Asia  Banker of the Year  Select accolades1 

 Divisional Overview  17  July 31, 2018 

 18  July 31, 2018  Strict capital discipline, allocating more capital to our Wealth Management and IBCM businesses…  RWA contributionin CHF bn      Before  Now  SUB, IWM,APAC WM&Cand IBCM  Marketsactivities1  243  222  235  236  1 Includes Global Markets, APAC Markets and SRU. SRU excludes Op Risk RWA of CHF 19 bn in 1H15 and 1H16, CHF 20 bn in 1H17 and CHF 11 bn in 1H18 

 19  July 31, 2018  …allowing us to simultaneously grow profits, change the composition of our earnings and reduce risk  Core adjustedPTI contribution1in CHF mn      Group VaR4  47  30  40  26  3,346  3,182  2,604  2,026  SUB3, IWM,APAC WM&Cand IBCM  Marketsactivities2  Core adjusted RoRC†  15.6%    9.9%  12.3%  14.5%    Before  Now  CET1 ratio  10.3%    11.8%  13.3%  12.8%    CorporateCenter  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix † See Appendix1 Percentages refer to contribution to Core adjusted pre-tax income excluding Corporate Center adjusted pre-tax income of CHF -159 mn in 1H15 and CHF -212 mn in 1H18 2 Includes Global Markets and APAC Markets 3 Excludes Swisscard pre-tax income of CHF 25 mn in 1H15 4 Trading book average one-day, 98% risk management Value-at-Risk in CHF mn 

 20  July 31, 2018  In Global Markets, we maintained our capital discipline, lowered our cost base and delivered a profitable quarter…  GM RWA1in USD bn  GM leverage exposurein USD bn    ThresholdUSD 60 bn      54  59    ThresholdUSD 290 bn      289  268  Binding capital constraint  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix1 Global Markets RWA in 2Q18 of USD 59 bn included an increase year-over-year of USD 1.9 bn from the re-allocation of operational risk RWA in 1Q18.    GM adj. operating expensesin USD mn      GM net revenuesin USD mn  1,560  1,441      1,248  1,222  Global Markets  IBCM  Wealth Management  GM adj. PTIin USD mn  206  -8%  -2% 

 21  July 31, 2018  …while continuing to invest in growing our strategic ITS business  ITS net revenuesin USD terms  1Q  2Q  +11%  +25%  +17%  Global Markets  IBCM  Wealth Management    Structured products investments up CHF 5.5 bn, driven by House View led solutions and client demand for risk management solutions in volatile marketsLandmark structured product - flow issuance up 40%25% more wealth management client interactions in structured products in 1H18FX client revenues up ~10% 

 22  July 31, 2018  In IBCM we have outperformed the Street across all key products led by strong performance in advisory…  Global underwriting and advisory revenues1in USD mn  IBCM net revenuesin USD mn  +14%  1 Gross global revenues from advisory, debt and equity underwriting generated across all divisions before cross-divisional revenue sharing agreements 2 Source: Dealogic as of June 30, 2018 (Global) 3 Source: Dealogic as of June 30, 2018, includes Americas and EMEA only  +23%  IBCM 2Q18 YoY performance3  AdvisoryEquity underwritingDebt underwriting        Street fees  Performance vs. market  Global Markets  IBCM  Wealth Management  -3%-5%+1%  -1%  2  -2%  3  Street  Street 

 23  July 31, 2018  …and have driven both profits and returns higher  IBCM adjusted pre-tax incomein USD mn  IBCM adjusted RoRC†  14%  18%  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix † See Appendix  +53%  Global Markets  IBCM  Wealth Management 

 Half-year 2018  24  July 31, 2018  Highest quarterly profit in SUB since 2013…  SUB adjusted pre-tax income1in CHF mn  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix1 Excludes Swisscard pre-tax income of CHF 16 mn in 1Q14, CHF 19 mn in 2Q14, CHF 22 mn in 3Q14, CHF 17 mn in 4Q14, CHF 12 mn in 1Q15 and CHF 13 mn in 2Q15  2Q                                        1Q  2Q  3Q  4Q  1Q  2Q  3Q  4Q  1Q  2Q  3Q  4Q  1Q  2Q  3Q  4Q  1Q  Full-year 2014  Full-year 2015  Full-year 2016  Full-year 2017  SUB  IWM  APAC  Quarterlyadj. PTIAverage  Global Markets  IBCM  Wealth Management 

 Half-year 2018  25  July 31, 2018  …building a clear ascending profitability trend  SUB adjusted pre-tax income1in CHF mn  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix † See Appendix1 Excludes Swisscard pre-tax income of CHF 35 mn in 1H14, CHF 39 mn in 2H14, CHF 25 mn in 1H15 2 SUB PC  1H                    Full-year 2014  Full-year 2015  Full-year 2016  Full-year 2017  SUB  IWM  APAC  Global Markets  IBCM  Wealth Management  Half-yearadj. PTIAverage  Adj. RoRC†  n/a  14%  15%  15%  18%          NNA2in CHF bn  4  3  1  4  3  -1  1  -1  1 

 Half-year 2018  26  July 31, 2018  Step-change in IWM profits…  IWM adjusted pre-tax incomein CHF mn  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix † See Appendix              1H  2H  1H  2H  1H  2H  Full-year 2015  Full-year 2016  Full-year 2017  SUB  IWM  APAC  Global Markets  IBCM  Wealth Management  1H      Half-yearadj. PTIAverage  24%  24%  28%  34%          Adj. RoRC†  17  16  27  28  7  5  9  NNAin CHF bn 

 27  July 31, 2018  …with strong contribution from Asset Management  Asset Managementadjusted pre-tax incomein CHF mn  +41%  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix † See Appendix  Asset Managementadjusted RoRC†  15%  25%      16%    SUB  IWM  APAC  Global Markets  IBCM  Wealth Management  Asset Management NNAin CHF bn  5.0  17.0  17.8       

 Half-year 2018  28  July 31, 2018  Step-change in APAC WM&C profits…  APAC WM&C adjusted pre-tax incomein CHF mn  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix              1H  2H  1H  2H  1H  2H  Full-year 2015  Full-year 2016  Full-year 2017  Half-yearadj. PTIAverage  SUB  IWM  APAC  Global Markets  IBCM  Wealth Management  1H      234  20%  22%  29%  31%          Adj. RoRC†  11  9  10  10  7  5  7  NNAin CHF bn 

 29  July 31, 2018  …significant improvement in APAC Markets performance…  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix † See Appendix  APAC Markets adjusted PTIin USD mn  +132 mn  APAC Markets adjusted RoRC†  -2%  1%  6%  SUB  IWM  APAC  Global Markets  IBCM  Wealth Management        APAC Markets adjusted revenuesin USD mn  591  618  702 

 30  July 31, 2018  …driving higher returns for the division  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix † See Appendix  APAC adjusted RoRC†  +6 pp.  SUB  IWM  APAC  Global Markets  IBCM  Wealth Management 

   31  July 31, 2018  Recurring commissionsand fees  Net interest income  Transaction- and performance based  Wealth Management1 adjusted net revenues2in CHF mn  +7%  +7%  1H18 vs. 1H16 CAGR  +6%  +9%  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix1 Relating to SUB PC, IWM PB and APAC PB within WM&C 2 Excludes other revenues of CHF -18 mn in 1H16, CHF -3 mn in 2H16, CHF 2 mn in 1H17, CHF 1 mn in 2H17, CHF 0m in 1H18  +6%  +10%  1H16  2H16  1H17  2H17  1H18  YoYgrowth  Across Wealth Management, we are delivering disciplined, quality, client-led revenue growth…  Global Markets  IBCM  Wealth Management  1H16  2H16  1H17  2H17  1H18  1H16  2H16  1H17  2H17  1H18 

 32  July 31, 2018  …and have achieved a significant profit acceleration  SUB  IWM  APAC WM&C  2,533    Wealth Management-related businesses1adjusted pre-tax incomein CHF mn   2  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix1 Relating to SUB, IWM and APAC WM&C 2 Excludes Swisscard pre-tax income of CHF 25 mn  1H18 vs. 1H15  2,095  1,608  1,731  +925 mn  +31%  +73%  +126%  +58%  Global Markets  IBCM  Wealth Management 

 Increasing returns across our core businesses and eliminating the drag of the SRU  1H16  Size of bar represents 1H18 RWA allocation  1H18      10%  Core  15%    12%  1H17  SUB  15%  18%    15%  IWM  24%  34%    28%  APAC  19%    20%  1  14%  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix † See Appendix1 Thereof WM&C 31% and Markets 6% 2 SRU program will be economically completed by end-2018; residual operations and assets to be absorbed into the rest of the Group from 2019 onwards  33  July 31, 2018    -41%USD -1.9 bn  SRU  -38%USD -0.7 bn  -35%USD -1.0 bn  Drag on Group RoRC† to reduce further by 20192  Global Markets  2%  8%  9%      IBCM  8%  15%  18%    Adjusted Return onRegulatory Capital†  Adj. RoRC†Adj. PTI drag 

   34  July 31, 2018  Significant improvement in Return on Tangible Equity over 24 months…  ‡ See Appendix  1H16  1H17  1H18  Group reportedReturn on Tangible Equity‡ 

   35  July 31, 2018  …with a number of known actions identified to drive further value…  As per 2017 Investor Day 

   36  July 31, 2018  …allowing us to increase our Return on Tangible Equity in 2019 and 2020  10-11%  11-12%  ‡ See Appendix  1H16  1H17  1H18    2019 Target  2020 Target  Group reportedReturn on Tangible Equity‡ 

 37  July 31, 2018  Summary  Accelerating profitable growth in Wealth ManagementDriving positive operating leverage with higher revenues and lower costs leading to significant growth in pre-tax incomeRestructuring: already achieved end-2018 SRU RWA and leverage exposure target levels Accreting capital and growing shareholder returns 

 Detailed Financials  38  July 31, 2018 

   39  July 31, 2018  Results Overview      Credit Suisse Group results 2Q18 1Q18 2Q17 1H18 1H17 vs. 1H17 Net revenues 5,595 5,636 5,205 11,231 10,739 5% Provision for credit losses 73 48 82 121 135 Total operating expenses 4,470 4,534 4,541 9,004 9,352 -4%Pre-tax income 1,052 1,054 582 2,106 1,252 68% Real estate gains - -1 - -1 - Gains (-)/losses on business sales - -73 - -73 -15 Restructuring expenses -175 -144 -69 -319 -206 Major litigation provisions -55 -85 -33 -140 -130 Expenses related to business sales -1 - - -1 - Net revenues 5,595 5,562 5,205 11,157 10,724 4% Provision for credit losses 73 48 82 121 135 Total operating expenses 4,239 4,305 4,439 8,544 9,016 -5% Pre-tax income 1,283 1,209 684 2,492 1,573 58%Net income attributable to shareholders 647 694 303 1,341 899 49%Diluted earnings per share in CHF 0.25 0.26 0.13 0.51 0.39 31%Return on tangible equity‡ 6.9% 7.6% 3.4% 7.2% 5.0%  Adjusted  Note: All values shown are in CHF mn unless otherwise specified. Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix ‡ See Appendix 

 40  July 31, 2018  CET1 ratio at 12.8% and Tier 1 leverage ratio increased to 5.2%  Basel III RWA in CHF bn  271  4  2  -2  2  277  Leverage exposure in CHF bn  932  15  -27  920  1 Includes model and parameter updates; core businesses include Corporate Center 2 Represents externally prescribed regulatory changes impacting how exposures are treated  1  1  2  12.9%  12.8%  CET1 ratio  3.8%  3.9%  CET1 leverage ratio  5.1%  5.2%  Tier 1 leverage ratio      Key messagesCET1 ratio of 12.8% above our 2018 target level of > 12.5%CET1 leverage ratio increased to 3.9% from 3.8% in 1Q18, in excess of the Swiss 2020 requirement of 3.5%Year-end 2018 SRU capital target levels exceeded by the end of 1H18Risk-weighted assetsRWA increase during the quarter driven by FX impact, external methodology changes and growth in our businessesContinued reduction of RWA by CHF 2 bn in the SRU to USD 10 bn excl. operational risk; exceeded year-end target level of USD 11 bn in RWA excl. operational risk by the end of 1H18Leverage exposureLeverage exposure lower by CHF 12 bn compared to prior quarter; reduction of CHF 27 bn from lower business usage, primarily in GM, partly offset by FXSRU leverage exposure reduced to USD 39 bn, below year-end target level of USD 40 bnExpect to call CHF 6.3 bn of CoCo's in 3Q18; even with partial offset from July's USD 2 bn AT1 issuance, expect Tier 1 leverage ratio to decrease in 3Q18; intend to meet our target of > 5% Tier 1 leverage ratio by end-2018          SUB, IWM, APAC +6IBCM +4SRU -5Corp. Ctr. -10GM -22 

 41  July 31, 2018  Continued cost savings of CHF 0.5 bn in 1H18; on track to achieve targeted cost base of <CHF 17.0 by end-2018  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix * Adjusted operating cost base at constant 2015 FX rates; see Appendix1 Measures 1H18 vs. 1H15  CHF 0.5 bn or 5% cost reduction vs. 1H17; 2Q18 with incremental net savings of CHF 0.2 bnEfficiency gains and cost savings across expense types and divisions as well as from the continued wind-down of the SRU18% cost reduction since inception of the cost reduction program in late 20151; target 20% reduction over the lifetime of the program by end-2018On track to achieve our end-2018 target of net savings of > CHF 4.2 bn since the end of 2015 and an adjusted operating cost base of < CHF 17.0 bn for the year  Adjusted operating cost base at constant FX rates*in CHF bn  21.2  19.3  18.0  -0.5  > -0.5  <17.0                  10.5  9.6  9.0  8.6  -18%  -5% 

 42  July 31, 2018  Swiss Universal Bank Strong operating leverage delivers continued profit momentum  Note: All financial numbers presented and discussed are adjusted, unless otherwise stated. Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix. All percentage changes and comparative descriptions refer to year on year measurements unless otherwise indicated † See Appendix  PC  Key messages2Q18 pre-tax income up 15%; 10th consecutive quarter with YoY PTI growth, resulting in an RoRC† of 19% Revenues up 1% with increases across net interest income and recurring revenues Continued cost momentum with operating expenses down 21% since 4Q15, resulting in a cost/income ratio of 57% for 2Q18Named ‘Best Bank in Switzerland 2018’ by EuromoneyPrivate ClientsRevenues up 3%, supported by continued momentum of our UHNW and Bank for Entrepreneurs franchisesContinued positive development in mandates, structured products and FX transactions reflecting client needs in current market environment NNA of CHF 0.5 bn, taking the 1H18 annualized growth rateto 3%; net margin of 55 bps at highest quarterly level to dateCorporate & Institutional ClientsRobust profit growth reflecting stable revenues and decreased operating expensesStrong FX transactions and institutional mandates; 2Q17 included a gain from the sale of an investment Named ‘Best Investment Bank in Switzerland 2018’ by Euromoney  Key metrics          in CHF bn  2Q18  1Q18  2Q17  Δ 2Q17  Adj. net margin in bps  55  52  44  11  Net new assets  0.5  2.7  1.7    Mandates penetration  32%  32%  31%    Net loans  167  167  165  1%  Risk-weighted assets  73  71  64  13%  Leverage exposure  252  247  260  -3%  Adjusted key financials           in CHF mn  2Q18  1Q18  2Q17  Δ 2Q17  Net revenues  1,419  1,394  1,405  1%  o/w Private Clients  757  743  733  3%  o/w Corp. & Inst. Clients  662  651  672  -1%  Provision for credit losses  35  34  36    Total operating expenses  804  806  865  -7%  Pre-tax income  580  554  504  15%  o/w Private Clients  285  268  222  28%  o/w Corp. & Inst. Clients  295  286  282  5%  Cost/income ratio  57%  58%  62%    Return on regulatory capital†  19%  18%  16%   

 43  July 31, 2018  International Wealth Management1H18 PTI of CHF 935 mn up 33%; strong NNA of CHF 27.7 bn  Note: All financial numbers presented and discussed are adjusted, unless otherwise stated. Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix. All percentage changes and comparative descriptions refer to year on year measurements unless otherwise indicated † See Appendix  PB  Adjusted key financials           in CHF mn  2Q18  1Q18  2Q17  Δ 2Q17  Net revenues   1,344  1,367  1,264  6%  o/w Private Banking  992  1,006  927  7%  o/w Asset Management  352  361  337  4%  Provision for credit losses  5  -1  8    Total operating expenses  878  894  878  0%  Pre-tax income  461  474  378  22%  o/w Private Banking  372  382  307  21%  o/w Asset Management  89  92  71  25%  Cost/income ratio  65%  65%  69%    Return on regulatory capital†  34%  35%  29%    Key metrics          in CHF bn  2Q18  1Q18  2Q17  Δ 2Q17  Adj. net margin in bps  40  42  36  4  Net new assets  5.2  5.5  4.6    Number of RM  1,120  1,130  1,120  0%  Net loans  52  51  46  13%  Net new assets AM  8.0  9.0  2.8    Risk-weighted assets  39  38  37  6%  Leverage exposure  99  94  93  6%  Key messagesDelivering positive operating leverage in PB and AM confirming sustainability of strong 1Q18 resultsOn track to achieve 2018 PTI target of CHF 1.8 bnCost/income ratio of 65% and RoRC† of 34% with continued capital disciplinePrivate Banking2Q18 PTI up 21% driven by 7% higher revenues with increases across all major revenue categoriesStable expenses as we continue to self-fund growth investments; strong net margin of 40 bps and cost/income ratio of 62%Mandate penetration increased to 33% with CHF 5.3 bn net mandate sales reflecting successful House View implementationNNA of CHF 5.2 bn at an annualized growth rate of 6%, with emerging markets and Europe achieving equally strong growth ratesAsset Management2Q18 PTI up 25% with continued growth in management fees(up 10%) at resilient recurring margins at 32 bpsNNA of CHF 8.0 bn, primarily driven by traditional and alternative investments 

 44  July 31, 2018  Asia PacificContinued strong performance and asset accumulation  Note: All financial numbers presented and discussed are adjusted, unless otherwise stated. Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix. All percentage changes and comparative descriptions refer to year on year measurements unless otherwise indicated † See Appendix 1 In 1Q18, the US-GAAP standard ASU 2014-09 “Revenue from Contracts with Customers” became effective. As a result, both APAC net revenues and operating expenses decreased vs. prior year by CHF 7 mn and CHF 6 mn in 1Q18 and 2Q18, respectively 2 APAC PB within WM&C 3 All numbers quoted under key messages for Markets are based on USD   PB2  Key messagesPre-tax income of CHF 266 mn, up 34%; continued profit growth in WM&C and substantially improved Markets performanceRecord AuM of CHF 206 bn and NNA of CHF 3.4 bn; 1H18 NNA annualized growth rate of 10%Wealth Management & Connected (WM&C)Continued growth in WM&C with PTI of CHF 208 mn vs. CHF 198 mn in 2Q17Strong performance in M&A and ECM and improved collaboration revenues with PBSome slowdown in transactional and financing activity reflecting weaker conditionsContinued cost discipline with 3% lower costsMarkets3Significant improvement in both Equities and Fixed Income revenues following the restructuring measures implemented in 2017Equities up 20%, led by Prime Services16% increase in Fixed Income revenues driven by higher client activity in structured products and emerging markets ratesContinued capital and cost discipline  Adjusted key financials           in CHF mn  2Q18  1Q18  2Q17  Δ 2Q17  Net revenues1  914  991  848  8%  o/w WM&C  564  663  559  1%  o/w Markets  350  328  289  21%  Provision for credit losses  7  10  -1    Total operating expenses1  641  693  650  -1%  Pre-tax income  266  288  199  34%  o/w WM&C  208  256  198  5%  o/w Markets  58  32  1  n/m  Cost/income ratio  70%  70%  77%    Return on regulatory capital†  18%  21%  15%    Key metrics          in CHF bn  2Q18  1Q18  2Q17  Δ 2Q17  Adj. net margin in bps  30  35  34  -4  Net new assets  3.4  6.2  4.5    Number of RM  610  600  610  0%  Assets under management   206  199  178  16%  Net loans  44  45  42  7%  Risk-weighted assets  34  34  32  4%  Leverage exposure  118  116  102  16% 

 45  July 31, 2018  Investment Banking & Capital Markets Strong performance reflects increased M&A closings  Note: All financial numbers presented and discussed are adjusted, unless otherwise stated. Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix. All percentage changes and comparative descriptions refer to year on year measurements unless otherwise indicated † See Appendix 1 In 1Q18, the US-GAAP standard ASU 2014-09 “Revenue from Contracts with Customers” became effective. As a result, both IBCM net revenues and operating expenses increased vs. prior year by USD 16 mn and USD 21 mn in 1Q18 and 2Q18, respectively 2 Gross global revenues from advisory, debt and equity underwriting generated across all divisions before cross-divisional revenue sharing agreements 3 Source: Dealogic for the period ending June 30, 2018 (Global) 4 Source: Dealogic for the period ending June 30, 2018 (Americas and EMEA only)  Key messages2Q18 results reflect continued execution of our strategy:Significant improvement in advisory driven by substantial M&A closings in the quarterTop 5 ranks in global ECM and Leveraged Finance3Continued momentum driving share gains in EMEA3Revenues of USD 650 mn1 up 23%, significantly outperforming the Street4Reduced cost/income ratio to 76% from 80% in 2Q17, notwithstanding higher variable and fixed compensation expenses in line with the improvement in business performance as well as USD 21 mn of US-GAAP changesRoRC† of 18% within the targeted range of 15-20%Increased RWA of USD 23 bn vs. USD 22 bn in 1Q18 primarily reflects growth in underwriting commitments and the corporate lending portfolio; YoY increase reflects the 1Q18 re-allocation of operational risk RWAGlobal advisory and underwriting revenues for 2Q18 up 14%  Key metrics          in USD bn  2Q18  1Q18  2Q17  Δ 2Q17  Risk-weighted assets  23  22  19  17%  Leverage exposure  44  41  45  -3%  Adjusted key financials           in USD mn  2Q18  1Q18  2Q17  Δ 2Q17  Net revenues1  650  559  527  23%  Provision for credit losses  15  1  14    Total operating expenses1  494  464  421  17%  Pre-tax income  141  94  92  53%  Cost/income ratio  76%  83%  80%    Return on regulatory capital†  18%  12%  14%    Global advisory and underwriting revenues2          in USD mn  2Q18  1Q18  2Q17  Δ 2Q17  Global advisory and underwriting revenues1  1,156  1,106  1,016  14% 

 46  July 31, 2018  Global MarketsResults reflect disciplined capital management and continued momentum in ITS  Note: All financial numbers presented and discussed are adjusted, unless otherwise stated. Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix. All percentage changes and comparative descriptions refer to year on year measurements unless otherwise indicated † See Appendix1 Includes sales and trading and underwriting 2 In 1Q18, the US-GAAP standard ASU 2014-09 “Revenue from Contracts with Customers” became effective. As a result, both Global Markets net revenues and operating expenses increased vs. prior year by USD 8 mn and USD 7 mn in 1Q18 and 2Q18, respectively  Key messages2Q18 PTI of USD 206 mn amid slowdown in client activity in credit franchise compared to a strong 2Q17; solid 1H18 RoRC† of 8%Continued momentum in ITS with pivot towards wealth management growthHigher Equities revenues, up 3%, with significant increase in equity derivatives reflecting benefits of business investments and increased collaboration in ITSFixed Income revenues decreased 6%; higher results in leveraged finance trading and in structured credit and financing offset by lower securitized products vs. a strong 2Q17Expenses declined both YoY and QoQ driven by continued progress on efficiency initiativesContinued discipline in capital management with QoQ decline in RWA and leverage exposure  Key metrics          in USD bn  2Q18  1Q18  2Q17  Δ 2Q17  Risk-weighted assets  59  61  54  11%  Leverage exposure  268  296  289  -7%  Adjusted key financials           in USD mn  2Q18  1Q18  2Q17  Δ 2Q17  Equities1  571  588  557  3%   Fixed Income1  986  1,152  1,049  -6%  Other  -116  -98  -46    Net revenues2  1,441  1,642  1,560  -8%  Provision for credit losses  13   4   12      Total operating expenses2  1,222  1,281  1,248  -2%  Pre-tax income/(loss)  206  357  300  -31%  Cost/income ratio  85%  78%  80%    Return on regulatory capital†  6%  10%  8%   

 Adjusted  47  July 31, 2018  Strategic Resolution UnitEnd–2018 capital targets achieved in 2Q18  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix. All percentage changes and comparative descriptions refer to year on year measurements unless otherwise indicated  Key messagesRWA excl. operational risk of USD 10 bn compares to year-end target level of USD 11 bnLeverage exposure of USD 39 bn compares to year-end target level of USD 40 bn1H18 adjusted pre-tax loss of USD 714 mn, on track for full-year target of ~USD 1.4 bnAdjusted pre-tax loss reduced by USD 214 mn vs. 2Q17, primarily due to lower overall funding costs and a reduction in costs related to the settlements with US authorities regarding US cross-border matters2Q18 revenues included a USD 72 mn loss relating to the settlement of legacy claims with Lehman Brothers Holding Inc. and certain of its subsidiariesLeverage exposure and RWA excl. operational risk lower vs. 1Q18 by USD 6 bn and USD 2 bn, respectivelyDerivatives exposure reduced by more than 20% through unwinds, clearing and compression, and portfolio hedgingContinued progress in reducing loan and financing exposure, notably through the sale of emerging markets loans  Key financials           in USD mn  2Q18  1Q18  2Q17  Δ 2Q17  Net revenues  -178  -216  -280  -36%  Provision for credit losses  -1  0  14    Total operating expenses  155  166  252  -38%  Pre-tax loss  -332  -382  -546              Real estate gains  -  -1  -    Restructuring expenses  12  12  12    Major litigation provisions  26  41  20    Expenses related to business sales  1  -  -    Pre-tax loss reported  -371  -434  -578    Key metrics             2Q18  1Q18  2Q17  Δ 2Q17  Risk-weighted assets in CHF bn  20  22  38  -46%  RWA excl. operational risk in USD bn  10  12  19  -49%  Leverage exposure in USD bn  39  45  75  -48% 

 48  July 31, 2018  Summary  Accelerating profitable growth in Wealth ManagementDriving positive operating leverage with higher revenues and lower costs leading to significant growth in pre-tax incomeRestructuring: already achieved end-2018 SRU RWA and leverage exposure target levels Accreting capital and growing shareholder returns 

 Appendix  49  July 31, 2018 

 50  July 31, 2018  Overview of Credit Suisse 2Q18 results  Pre-tax income    Reported             Adjusted          in CHF mn unless otherwise specified    2Q18  1Q18  2Q17  1H18  1H17    2Q18  1Q18  2Q17  1H18  1H17  SUB     553  563  502  1,116  906    580  554  504  1,134  987  IWM    433  484  365  917  656    461  474  378  935  705  APAC    217  234  188  451  335    266  288  199  554  365  IBCM in USD mn    110  62  82  172  231    141  94  92  235  243  Global Markets in USD mn    149  313  267  462  585    206  357  300  563  638  Total Core    1,420  1,463  1,145  2,883  2,354    1,611  1,571  1,215  3,182  2,604  SRU in USD mn    -371  -434  -578  -805  -1,118    -332  -382  -546  -714  -1,048  Group    1,052  1,054  582  2,106  1,252    1,283  1,209  684  2,492  1,573  RWA in CHF bn    277  271  259                         CET1 ratio    12.8%  12.9%  13.3%                   Leverage exposure in CHF bn    920  932  906                   Tier 1 leverage ratio    5.2%  5.1%  5.2%                  

 51  July 31, 2018  IBCM with continued momentum in executing marquee global M&A transactions in 1H18  Selected announced global M&A transactions in 1H18Deal value and Credit Suisse role  USD 10 bn  Combination of Sainsbury’sand Asda (Walmart UK)  USD 11 bn  Sale to Conagra Brands  USD 23 bn  Merger withKeurig Green Mountain  USD 15 bn  Acquisition of SCANA Corp  Financial Advisor to Walmart  Financial Advisor to Pinnacle Foods  Financial Advisor to Dr Pepper Snapple  Exclusive Financial Advisor to Dominion  Sale to KKR  Not disclosed  Financial Advisor to BMC andJoint Lead Arranger on financing  Acquisition ofWestinghouse Electric Co.  USD 5 bn  Acquisition ofImpact Biomedicines Inc.  USD 7 bn  Financial Advisor to Brookfield  Exclusive Financial Advisor to Celgene  Sale to Informa PLC   USD 6 bn  Financial Advisor and Corporate Broker to UBM 

 52  July 31, 2018  Positive operating leverage in SUB  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix1 Includes provision for credit losses of CHF 56 mn in 1H15, CHF 15 mn in 1H16, CHF 46 mn in 1H17 and CHF 69 mn in 1H18 2 Excludes Swisscard net revenues of CHF 148 mn, total operating expenses of CHF 123 mn and pre-tax income of CHF 25 mn  1,134  1,610  2,813  1,749  2,759  1H18  1H152  1H16  Net revenues  Pre-tax income1  Operating expenses  -9%  SUB adjusted resultsin CHF bn   1,772  2,691  863  929    +271 mn  +0.1%  1H18 vs. 1H15  +5%  1H17  987  2,693  1,726  +2%  +2%  -1%  -1%  -7% 

 53  July 31, 2018  Positive operating leverage in IWM  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix1 Includes provision for credit losses of CHF 1 mn in 1H15, CHF 14 mn in 1H16, CHF 10 mn in 1H17 and CHF 4 mn in 1H18  935  1,772  2,711  2,318  1H18  1H15  1H17  Net revenues  Pre-tax income1  Operating expenses  +2%  IWM adjusted resultsin CHF mn   1,745  2,286  540  568    +395 mn  1H18 vs. 1H15  +19%  705  1H16  1,736  1,770  2,485  +1%  -1%  +7%  +9%  +2%  +0% 

 54  July 31, 2018  Positive operating leverage in APAC WM&C  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix1 Includes provision for credit losses of CHF 8 mn in 1H15, CHF -16 mn in 1H16, CHF 3 mn in 1H17 and CHF 15 mn in 1H18  464  748  1,227  863  1H18  1H15  1H17  Net revenues  Pre-tax income1  Operating expenses  +30%  APAC WM&C adjusted resultsin CHF mn   576  789  205  234    +259 mn  1H18 vs. 1H15  +56%  403  1H16  645  742  1,148  +9%  +33%  +7%  +12%  +15%  +1% 

 55  July 31, 2018  Wealth Management businessesNNA generation  NNA growth (annualized)  Regularization outflows included in NNA in CHF bn  2Q17  10%  7%  13%  13%  APAC PB1 NNA in CHF bn  -0.1  -  -  -  2Q18  3Q17  4Q17  1Q18  -0.1  3%  IWM PB NNA in CHF bn  NNA growth (annualized)  Regularization outflows included in NNA in CHF bn  2Q17  6%  6%  4%  6%  -0.4  -  -0.4  -0.1  2Q18  3Q17  4Q17  1Q18  -0.5  3%  SUB PC NNA in CHF bn  NNA growth (annualized)  Regularization outflows included in NNA in CHF bn  2Q17  3%  1%  2%  5%  -  -0.1  -  -0.1  2Q18  3Q17  4Q17  1Q18  -0.1  -%  1 APAC PB within WM&C 

 56  July 31, 2018  Wealth Management businessesNet and gross margins  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in this presentation. For details on calculations see under ‘Notes’ at the end of this Appendix1 APAC PB within WM&C  APAC PB1 Adj. net margin in bps  2Q17  2Q18  4Q17  Adj. gross margin in bps  3Q17  1Q18  2Q17  2Q18  4Q17  3Q17  1Q18  IWM PB Adj. net margin in bps  Adj. gross margin in bps  2Q17  2Q18  4Q17  3Q17  1Q18  2Q17  2Q18  4Q17  3Q17  1Q18  SUB PC Adj. net margin in bps  Adj. gross margin in bps  178  205  198  Average AuM in CHF bn  184  196  337  372  366  346  365  201  208  208  204  208  151  153  171  Adj. pre-tax income in CHF mn  141  116  307  372  382  272  275  222  285  268  217  213  405  412  455  Adj. net revenues in CHF mn  400  391  927  992  1,006  870  923  733  757  743  727  726  2Q17  2Q18  4Q17  3Q17  1Q18  2Q17  2Q18  4Q17  3Q17  1Q18 

 57  July 31, 2018  Swiss Universal BankPrivate Clients and Corporate & Institutional Clients  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in this presentation  Corporate & Institutional Clients Adjusted key financials          in CHF mn  2Q18  1Q18  2Q17  Δ 2Q17  Net interest income  309  303  309  0%  Recurring commissions & fees  175  174  161  9%  Transaction-based  189  190  207  -9%  Other revenues  -11  -16  -5    Net revenues  662  651  672  -1%  Provision for credit losses  24  24  25    Total operating expenses  343  341  365  -6%  Pre-tax income  295  286  282  5%  Cost/income ratio  52%  52%  54%    Key metrics          in CHF bn  2Q18  1Q18  2Q17  Δ 2Q17  Adj. net margin in bps  55  52  44  11  Net new assets  0.5  2.7  1.7    Mandates penetration  32%  32%  31%    Assets under management   208  207  202  3%  Number of RM  1,290  1,310  1,310  -2%  Key metrics          in CHF bn  2Q18  1Q18  2Q17  Δ 2Q17  Assets under management   356  352  353  1%  Number of RM  530  540  550  -4%  Private Clients Adjusted key financials          in CHF mn  2Q18  1Q18  2Q17  Δ 2Q17  Net interest income  430  428  408  5%  Recurring commissions & fees  211  206  202  4%  Transaction-based  116  109  123  -6%  Other revenues  0  0  0    Net revenues  757  743  733  3%  Provision for credit losses  11  10  11    Total operating expenses  461  465  500  -8%  Pre-tax income  285  268  222  28%  Cost/income ratio  61%  63%  68%   

 58  July 31, 2018  International Wealth ManagementPrivate Banking and Asset Management  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in this presentation  Private Banking Adjusted key financials          in CHF mn  2Q18  1Q18  2Q17  Δ 2Q17  Net interest income  394  388  360  9%  Recurring commissions & fees  313  307  302  4%  Transaction- and perf.-based  285  311  265  8%  Net revenues  992  1,006  927  7%  Provision for credit losses  5  -1  8    Total operating expenses  615  625  612  0%  Pre-tax income  372  382  307  21%  Cost/income ratio  62%  62%  66%    Key metrics          in CHF bn  2Q18  1Q18  2Q17  Δ 2Q17  Adj. net margin in bps  40  42  36  4  Net new assets  5.2  5.5  4.6    Assets under management   371  370  336  10%  Mandates penetration  33%  31%  30%    Net loans  52  51  46  13%  Number of RM  1,120  1,130  1,120  0%  Asset Management Adjusted key financials          in CHF mn  2Q18  1Q18  2Q17  Δ 2Q17  Management fees  278  267  253  10%  Performance & placement rev.  38  27  35  9%  Investment & partnership inc.  36  67  49  -27%  Net revenues  352  361  337  4%  Total operating expenses  263  269  266  -1%  Pre-tax income  89  92  71  25%  Cost/income ratio  75%  75%  79%    Key metrics          in CHF bn  2Q18  1Q18  2Q17  Δ 2Q17  Net new assets  8.0  9.0  2.8    Assets under management  401  391  366  10% 

 59  July 31, 2018  Asia PacificWealth Management & Connected and Markets  Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in this presentation † See under ‘Notes’ at the end of this Appendix 1 APAC PB within WM&C  Wealth Management & Connected Adjusted key financials          in CHF mn  2Q18  1Q18  2Q17  Δ 2Q17  Private Banking  412  455  405  2%  Adv., Underwr. and Financing  152  208  154  -1%  Net revenues  564  663  559  1%  Provision for credit losses  6  9  -1    Total operating expenses  350  398  362  -3%  Pre-tax income  208  256  198  5%  Cost/income ratio  62%  60%  65%    Return on regulatory capital†  27%  36%  28%    Risk-weighted assets in CHF bn  22  21  20  9%  Leverage exposure in CHF bn  60  60  45  31%  Markets Adjusted key financials          in USD mn  2Q18  1Q18  2Q17  Δ 2Q17  Equity sales & trading  233  258  194  20%  Fixed income sales & trading  121  90  104  16%  Net revenues  354  348  298  19%  Provision for credit losses  0  2  0    Total operating expenses  294  312  297  -1%  Pre-tax income/(loss)  60  34  1  n/m  Cost/income ratio  83%  90%  100%    Return on regulatory capital†  8%  5%  0%    Risk-weighted assets in USD bn  11  13  12  -9%  Leverage exposure in USD bn  59  59  59  0%  Private Banking1 revenue details          in CHF mn  2Q18  1Q18  2Q17  Δ 2Q17  Net interest income  158  159  161  -2%  Recurring commissions & fees  112  111  94  19%  Transaction-based revenues  142  185  149  -5%  Other revenues  0  0  1    Net revenues  412  455  405  2% 

 60  July 31, 2018  Corporate Center  Note: All financial numbers presented and discussed are adjusted, unless otherwise stated. Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in this presentation. ‘Other revenues’ include required elimination adjustments associated with trading in own shares and treasury commissions charged to divisions  Key metrics          in CHF bn  2Q18  1Q18  2Q17  Δ 2Q17  Total assets  101  110  63  59%  Risk-weighted assets  30  28  18  67%  Leverage exposure  103  111  60  72%  Adjusted key financials           in CHF mn  2Q18  1Q18  2Q17  Δ 2Q17  Treasury results  -5  -109  -91    Other  29  49  25    Net revenues  24  -60  -66  n/m  Provision for credit losses  0  0  1    Compensation and benefits  74  55  112  -34%  G&A expenses  -30  37  56  n/m  Commission expenses  21  19  8  163%  Total other operating expenses  -9  56  64  n/m  Total operating expenses  65  111  176  -63%  Pre-tax loss  -41  -171  -243   

 61  July 31, 2018  Currency mix & Group capital metrics  1 As reported 2 Total expenses include provisions for credit losses 3 Sensitivity analysis based on weighted average exchange rates of USD/CHF of 0.96 and EUR/CHF of 1.16 for the 1H18 results 4 Data based on June 2018 month-end currency mix and on a “look-through” basis 5 Reflects actual capital positions in consolidated Group legal entities (net assets) including net asset hedges less applicable Basel III regulatory adjustments (e.g. goodwill)    Currency mix capital metric4 “look-through”  A 10% strengthening / weakening of the USD (vs. CHF) would have a -0.1 bps / +0.1 bps impact on the“look-through” BIS CET1 ratio        Basel III Risk-weighted assets  Swiss leverage exposure      CHF  EUR  Other                USD      USD  CET1 capital 5    CHF  Credit Suisse Core results1  1H18in CHF mn  Applying a +/- 10% movement on the average FX rates for 1H18, the sensitivities are:USD/CHF impact on 1H18 pre-tax income by CHF +263 / -263 mnEUR/CHF impact on 1H18 pre-tax income by CHF +86 / -86 mn  Sensitivity analysis on Core results3  Contribution  Swiss Universal Bank      International Wealth Management    Asia Pacific      Global Markets      Investment Bank & Capital Markets      Core results        CHF  USD  EUR  GBP  Other  Net revenues 11,610 23% 51% 11% 3% 12%Total expenses2 8,727 31% 37% 4% 10% 18%  Net revenues 2,850 73% 18% 6% 1% 2%Total expenses2 1,734 81% 12% 3% 2% 2%  Net revenues 2,747 17% 53% 19% 3% 8%Total expenses2 1,830 41% 28% 9% 9% 13%  Net revenues 1,905 3% 45% 2% 2% 48%Total expenses2 1,454 8% 18% -% 1% 73%  Net revenues 2,972 3% 72% 14% 5% 6%Total expenses2 2,529 7% 60% 4% 19% 10%  Net revenues 1,172 -% 80% 11% 7% 2%Total expenses2 1,003 4% 72% 5% 15% 4%   

 62  July 31, 2018      Group in CHF mn                                      2Q18  1Q18  4Q17  3Q17  2Q17  1Q17  4Q16  3Q16  2Q16  1Q16  4Q15  3Q15  2Q15  1Q15  1H18  1H17  1H16  1H15  Net revenues reported  5,595  5,636  5,189  4,972  5,205  5,534  5,181  5,396  5,108  4,638  4,210  5,985  6,955  6,647  11,231  10,739  9,746  13,602  Fair value on own debt  -  -  -  -  -  -  -  -  -  -  697  -623  -228  -144  -  -  -  -372  Real estate gains  -  -1  -  -  -  -  -78  -346  -  -  -72  -  -23  -  -1  -  -  -23  Gains (-)/losses on business sales  -  -73  28  -  -  -15  2  -  -  56  -34  -  -  -  -73  -15  56  -  Net revenues adjusted  5,595  5,562  5,217  4,972  5,205  5,519  5,105  5,050  5,108  4,694  4,801  5,362  6,704  6,503  11,157  10,724  9,802  13,207  Provision for credit losses  73  48  43  32  82  53  75  55  -28  150  133  110  51  30  121  135  122  81  Total operating expenses reported  4,470  4,534  5,005  4,540  4,541  4,811  7,309  5,119  4,937  4,972  10,518  5,023  5,248  5,106  9,004  9,352  9,909  10,354  Goodwill impairment  -  -  -  -  -  -  -  -  -  -  -3,797  -  -  -  -  -  -  -  Restructuring expenses  -175  -144  -137  -112  -69  -137  -49  -145  -91  -255  -355  -  -  -  -319  -206  -346  -  Major litigation provisions  -55  -85  -255  -108  -33  -97  -2,401  -306  -  -  -563  -204  -63  10  -140  -130  -  -53  Expenses related to business sales  -1  -  -8  -  -  -  -  -  -  -  -  -  -  -  -1  -  -  -  Total operating expenses adjusted  4,239  4,305  4,605  4,320  4,439  4,577  4,859  4,668  4,846  4,717  5,803  4,819  5,185  5,116  8,544  9,016  9,563  10,301  Pre-tax income/loss (-) reported  1,052  1,054  141  400  582  670  -2,203  222  199  -484  -6,441  852  1,656  1,511  2,106  1,252  -285  3,167  Total adjustments  231  155  428  220  102  219  2,374  105  91  311  5,306  -419  -188  -154  386  321  402  -342  Pre-tax income/loss (-) adjusted  1,283  1,209  569  620  684  889  171  327  290  -173  -1,135  433  1,468  1,357  2,492  1,573  117  2,825    Group in CHF mn                1H18  1H17  1H16  1H15  2017  2016  2015  Total operating expenses reported   9,004    9,352    9,909    10,354   18,897  22,337  25,895  Goodwill impairment   -    -    -    -   -  -  -3,797  Restructuring expenses   -319  -206   -346   -   -455  -540  -355  Major litigation provisions   -140   -130   -    -53  -493  -2,707  -820  Expenses related to business sales   -1   -    -    -   -8  -  -  Debit valuation adjustments (DVA)   13    -43   -    -   -83  -  -  Certain accounting changes   -139   -106   -32   -25  -234  -70  -58  Total operating cost base adjusted   8,418   8,867    9,531    10,276   17,624  19,020  20,865  FX adjustment   164    171    102    253   326  291  310  Total operating cost base adjusted at constant FX   8,582    9,038    9,633    10,529   17,950  19,311  21,175  Reconciliation of adjustment items (1/7)  Adjusted results are non-GAAP financial measures that exclude goodwill impairment and certain other revenues and expenses included in our reported results. Management believes that adjusted results provide a useful presentation of our operating results for purposes of assessing our Group and divisional performance consistently over time, on a basis that excludes items that management does not consider representative of our underlying performance. Provided below is a reconciliation of our adjusted results to the most directly comparable US GAAP measures. 

 63  July 31, 2018  1 Excludes net revenues and total operating expenses for Swisscard of CHF 148 mn and CHF 123 mn, respectively 2 Relating to SUB PC, IWM PB and APAC PB within WM&C    Wealth Management2 in CHF mn                2Q18  1Q18  2Q17  1H18  1H17  1H16  1H151  Net revenues reported  2,161  2,260   2,065  4,421  4,070  3,776  3,706  Real estate gains  -  -  -  -  -  -  -23  Gains (-)/losses on business sales  -   -56  -  -56  -  -  -  Net revenues adjusted  2,161   2,204   2,065  4,365  4,070  3,776  3,683  Provision for credit losses  22   13   13  35  31  16  21  Total operating expenses reported  1,376   1,411   1,384  2,787  2,832  2,739  2,630  Restructuring expenses  -47   -41  -4  -88  -75  -61  -  Major litigation provisions  -  -  -8  -  -8  -  10  Total operating expenses adjusted  1,329   1,370   1,372  2,699  2,749  2,678  2,640  Pre-tax income reported  763   836   668  1,599  1,207  1,021  1,055  Total adjustments  47   -15  12  32  83  61  -33  Pre-tax income adjusted  810   821   680  1,631  1,290  1,082  1,022    Core in CHF mn                2Q18  1Q18  2Q17  1H18  1H17  1H16  1H151  Net revenues reported  5,771  5,839  5,479  11,610  11,219  10,650  12,729  Fair value on own debt  -  -  -  -  -  -  -372  Real estate gains  -  -  -  -  -  -  -23  Gains (-)/losses on business sales  -  -73  -  -73  23  52  -  Net revenues adjusted  5,771  5,766  5,479  11,537  11,242  10,702  12,334  Provision for credit losses  74  48  69  122  98  44  65  Total operating expenses reported  4,277  4,328  4,265  8,605  8,767  8,879  8,697  Restructuring expenses  -162  -133  -58  -295  -188  -247  -  Major litigation provisions  -29  -48  -12  -77  -39  -  -44  Total operating expenses adjusted  4,086  4,147  4,195  8,233  8,540  8,632  8,923  Pre-tax income reported  1,420  1,463  1,145  2,883  2,354  1,727  3,697  Total adjustments  191  108  70  299  250  299  -351  Pre-tax income adjusted  1,611  1,571  1,215  3,182  2,604  2,026  3,346  SUB, IWM, APAC WM&C in CHF mn              2Q18  1Q18  2Q17  1H18  1H17  1H16  1H151  3,327   3,497   3,228  6,824  6,392  5,874  5,789  -  -  -  -  -  -  -23  -   -73  -  -73  -  -  -  3,327   3,424   3,228  6,751  6,392  5,874  5,766  46   42   43  88  59  13  65  2,127   2,203   2,122  4,330  4,374  4,199  4,083  -66   -57  -5  -123  -97  -69  -  -29   -48  -12  -77  -39  -  10  2,032   2,098   2,105  4,130  4,238  4,130  4,093  1,154   1,252   1,063  2,406  1,959  1,662  1,641  95   32   17  127  136  69  -33  1,249   1,284   1,080  2,533  2,095  1,731  1,608  Reconciliation of adjustment items (2/7)  Adjusted results are non-GAAP financial measures that exclude goodwill impairment and certain other revenues and expenses included in our reported results. Management believes that adjusted results provide a useful presentation of our operating results for purposes of assessing our Group and divisional performance consistently over time, on a basis that excludes items that management does not consider representative of our underlying performance. Provided below is a reconciliation of our adjusted results to the most directly comparable US GAAP measures. 

 64  July 31, 2018  1 Excludes net revenues and total operating expenses for Swisscard of CHF 75 mn and CHF 62 mn, respectively 2 Excludes net revenues and total operating expenses for Swisscard of CHF 73 mn and CHF 61 mn, respectively 3 Excludes net revenues and total operating expenses for Swisscard of CHF 78 mn and CHF 61 mn, respectively 4 Excludes net revenues, provisions for credit losses and total operating expenses for Swisscard of CHF 83 mn, CHF 2 mn and CHF 59 mn, respectively 5 Excludes net revenues, provisions for credit losses and total operating expenses for Swisscard of CHF 80 mn, CHF 2 mn and CHF 59 mn, respectively 6 Excludes net revenues, provisions for credit losses and total operating expenses for Swisscard of CHF 77 mn, CHF 1 mn and CHF 60 mn, respectively 7 Excludes net revenues and total operating expenses for Swisscard of CHF 148 mn and CHF 123 mn, respectively 8 Excludes net revenues, provisions for credit losses and total operating expenses for Swisscard of CHF 161 mn, CHF 2 mn and CHF 120 mn, respectively 9 Excludes net revenues, provisions for credit losses and total operating expenses for Swisscard of CHF 157 mn, CHF 3 mn and CHF 119 mn, respectively   SUB PC in CHF mn            SUB C&IC in CHF mn      2Q18  1Q18  4Q17  3Q17  2Q17    2Q18  1Q18  2Q17  757  762  726  727  733    662  669  672  -  -  -  -  -    -  -  -  -  -19  -  -  -    -  -18  -  757  743  726  727  733    662  651  672  11  10  10  9  11    24  24  25  478  487  504  512  500    353  347  367  -17  -22  1  -9  2    -10  -6  2  -  -  -2  -2  -2    -  -  -4  461  465  503  501  500    343  341  365  268  265  212  206  222    285  298  280  17  3  1  11  -    10  -12  2  285  268  213  217  222    295  286  282    SUB in CHF mn                                      2Q18  1Q18  4Q17  3Q17  2Q17  1Q17  4Q16  3Q16  2Q16  1Q16  4Q15  3Q15  2Q151  1Q152  4Q143  3Q144  2Q145  1Q146  Net revenues reported  1,419  1,431  1,318  1,319  1,405  1,354  1,399  1,667  1,337  1,356  1,495  1,364  1,387  1,327  1,717  1,301  1,253  1,323  Real estate gains  -  -  -  -  -  -  -20  -346  -  -  -72  -  -23  -  -375  -  -5  -34  Gains (-)/losses on business sales  -  -37  -  -  -  -  -  -  -  -  -23  -  -  -  -24  -  -  -  Net revenues adjusted  1,419  1,394  1,318  1,319  1,405  1,354  1,379  1,321  1,337  1,356  1,400  1,364  1,364  1,327  1,318  1,301  1,248  1,289  Provision for credit losses  35  34  15  14  36  10  34  30  9  6  43  39  33  23  29  18  25  17  Total operating expenses reported  831  834  870  879  867  940  983  879  875  918  1,088  925  899  873  951  859  888  857  Restructuring expenses  -27  -28  2  -13  4  -52  3  -19  -4  -40  -42  -  -  -  -  -  -  -  Major litigation provisions  -  -  -7  -9  -6  -27  -19  -  -  -  -25  -  -  -  -  -  -  -  Total operating expenses adjusted  804  806  865  857  865  861  967  860  871  878  1,021  925  899  873  951  859  888  857  Pre-tax income reported  553  563  433  426  502  404  382  758  453  432  364  400  455  431  737  424  340  449  Total adjustments  27  -9  5  22  2  79  -4  -327  4  40  -28  -  -23  -  -399  -  -5  -34  Pre-tax income adjusted  580  554  438  448  504  483  378  431  457  472  336  400  432  431  338  424  335  415    SUB in CHF mn                    1H18  2H17  1H17  2H16  1H16  2H15  1H157  2H148  1H149  Net revenues reported  2,850  2,637  2,759  3,066  2,693  2,859  2,714  3,018  2,576  Real estate gains  -  -  -  -366  -  -72  -23  -375  -39  Gains (-)/losses on business sales  -37  -  -  -  -  -23  -  -24  -  Net revenues adjusted  2,813  2,637  2,759  2,700  2,693  2,764  2,691  2,619  2,537  Provision for credit losses  69  29  46  64  15  82  56  47  42  Total operating expenses reported  1,665  1,749  1,807  1,862  1,793  2,013  1,772  1,810  1,745  Restructuring expenses  -55  -11  -48  -16  -44  -42  -  -  -  Major litigation provisions  -  -16  -33  -19  -  -25  -  -  -  Total operating expenses adjusted  1,610  1,722  1,726  1,827  1,749  1,946  1,772  1,810  1,745  Pre-tax income reported  1,116  859  906  1,140  885  764  886  1,161  789  Total adjustments  18  27  81  -331  44  -28  -23  -399  -39  Pre-tax income adjusted  1,134  886  987  809  929  736  863  762  750  Reconciliation of adjustment items (3/7)  Adjusted results are non-GAAP financial measures that exclude goodwill impairment and certain other revenues and expenses included in our reported results. Management believes that adjusted results provide a useful presentation of our operating results for purposes of assessing our Group and divisional performance consistently over time, on a basis that excludes items that management does not consider representative of our underlying performance. Provided below is a reconciliation of our adjusted results to the most directly comparable US GAAP measures. 

 65  July 31, 2018      IWM in CHF mn                      2Q18  1Q18  2Q17  1H18  2H17  1H17  2H16  1H16  2H15  1H15  Net revenues reported  1,344  1,403  1,264  2,747  2,626  2,485  2,380  2,318  2,266  2,286  Real estate gains  -  -  -  -  -  -  -54  -  -  -  Gains (-)/losses on business sales  -  -36  -  -36  28  -  -  -  -11  -  Net revenues adjusted  1,344  1,367  1,264  2,711  2,654  2,485  2,326  2,318  2,255  2,286  Provision for credit losses  5  -1  8  4  17  10  6  14  4  1  Total operating expenses reported  906  920  891  1,826  1,914  1,819  1,798  1,759  2,089  1,735  Restructuring expenses  -28  -26  -7  -54  -27  -43  -31  -23  -36  -  Major litigation provisions  -  -  -6  -  -42  -6  12  -  -278  10  Total operating expenses adjusted  878  894  878  1,772  1,845  1,770  1,779  1,736  1,775  1,745  Pre-tax income reported  433  484  365  917  695  656  576  545  173  550  Total adjustments  28  -10  13  18  97  49  -35  23  303  -10  Pre-tax income adjusted  461  474  378  935  792  705  541  568  476  540    IWM PB in CHF mn            IWM AM in CHF mn              2Q18  1Q18  4Q17  3Q17  2Q17    2Q18  1Q18  2Q17  1H18  1H17  1H16  Net revenues reported  992  1,043  923  870  927    352  360  337  712  675  654  Gains (-)/losses on business sales  -  -37  -  -  -    -  1  -  1  -  -  Net revenues adjusted  992  1,006  923  870  927    352  361  337  713  675  654  Provision for credit losses  5  -1  14  3  8    -  -  -  -  -  -  Total operating expenses reported  640  643  673  615  622    266  277  269  543  555  526  Restructuring expenses  -25  -18  -8  -9  -4    -3  -8  -3  -11  -16  -  Major litigation provisions  -  -  -31  -11  -6    -  -  -  -  -  -  Total operating expenses adjusted  615  625  634  595  612    263  269  266  532  539  526  Pre-tax income reported  347  401  236  252  297    86  83  68  169  120  128  Total adjustments  25  -19  39  20  10    3  9  3  12  16  -  Pre-tax income adjusted  372  382  275  272  307    89  92  71  181  136  128  Reconciliation of adjustment items (4/7)  Adjusted results are non-GAAP financial measures that exclude goodwill impairment and certain other revenues and expenses included in our reported results. Management believes that adjusted results provide a useful presentation of our operating results for purposes of assessing our Group and divisional performance consistently over time, on a basis that excludes items that management does not consider representative of our underlying performance. Provided below is a reconciliation of our adjusted results to the most directly comparable US GAAP measures. 

 66  July 31, 2018      APAC Mkts in CHF mn        APAC Mkts in USD mn              2Q18  1Q18  2Q17    2Q18  1Q18  2Q17  1H18  2H17  1H17  Net revenues reported  350  328  289    354  348  298  702  618  591  Net revenues adjusted  350  328  289    354  348  298  702  618  591  Provision for credit losses  1  1  -    -  2  -  2  -  -  Total operating expenses reported  300  298  297    304  315  305  619  625  652  Restructuring expenses  -9  -3  -9    -10  -3  -8  -13  -19  -23  Major litigation provisions  -  -  -    -  -  -  -  -  -  Total operating expenses adjusted  291  295  288    294  312  297  606  606  629  Pre-tax income/loss (-) reported  49  29  -8    50  31  -7  81  -7  -61  Total adjustments  9  3  9    10  3  8  13  19  23  Pre-tax income/loss (-) adjusted  58  32  1    60  34  1  94  12  -38    APAC in CHF mn              2Q18  1Q18  2Q17  1H18  1H17  1H16  Net revenues reported  914  991  848  1,905  1,729  1,818  Net revenues adjusted  914  991  848  1,905  1,729  1,818  Provision for credit losses  7  10  -1  17  3  -19  Total operating expenses reported  690  747  661  1,437  1,391  1,367  Goodwill impairment  -  -  -  -  -  -  Restructuring expenses  -20  -6  -11  -26  -30  -11  Major litigation provisions  -29  -48  -  -77  -  -  Total operating expenses adjusted  641  693  650  1,334  1,361  1,356  Pre-tax income reported  217  234  188  451  335  470  Total adjustments  49  54  11  103  30  11  Pre-tax income adjusted  266  288  199  554  365  481  APAC WM&C in CHF mn                    2Q18  1Q18  2Q17  1H18  2H17  1H17  2H16  1H16  2H15  1H15  564  663  559  1,227  1,174  1,148  1,041  863  717  789  564  663  559  1,227  1,174  1,148  1,041  863  717  789  6  9  -1  15  12  3  45  -16  23  8  390  449  364  839  760  748  739  647  1,067  576  -  -  -  -  -  -  -  -  -446  -  -11  -3  -2  -14  -15  -6  -12  -2  -1  -  -29  -48  -  -77  -  -  -  -  -6  -  350  398  362  748  745  742  727  645  614  576  168  205  196  373  402  397  257  232  -373  205  40  51  2  91  15  6  12  2  453  -  208  256  198  464  417  403  269  234  80  205  Reconciliation of adjustment items (5/7)  Adjusted results are non-GAAP financial measures that exclude goodwill impairment and certain other revenues and expenses included in our reported results. Management believes that adjusted results provide a useful presentation of our operating results for purposes of assessing our Group and divisional performance consistently over time, on a basis that excludes items that management does not consider representative of our underlying performance. Provided below is a reconciliation of our adjusted results to the most directly comparable US GAAP measures.  APAC PB in CHF mn            2Q18  1Q18  4Q17  3Q17  2Q17    412  455  391  400  405    412  455  391  400  405    6  4  7  -1  -6    258  281  271  261  262    -5  -1  -3  -1  -2    -  -  -  -  -    253  280  268  260  260    148  170  113  140  149    5  1  3  1  2    153  171  116  141  151   

 67  July 31, 2018      IBCM in USD mn              GM in USD mn              2Q18  1Q18  2Q17  1H18  1H17  1H16    2Q18  1Q18  2Q17  1H18  1H17  1H16  Net revenues reported  650  559  527  1,209  1,135  953    1,441  1,642  1,560  3,083  3,175  2,923  Net revenues adjusted  650  559  527  1,209  1,135  953    1,441  1,642  1,560  3,083  3,175  2,923  Provision for credit losses  15  1  14  16  20  30    13  4  12  17  17  5  Total operating expenses reported  525  496  431  1,021  884  842    1,279  1,325  1,281  2,604  2,573  2,962  Restructuring expenses  -31  -32  -10  -63  -12  -19    -57  -44  -33  -101  -53  -154  Major litigation provisions  -  -  -  -  -  -    -  -  -  -  -  -  Expenses related to business sales  -  -  -  -  -  -    -  -  -  -  -  -  Total operating expenses adjusted  494  464  421  958  872  823    1,222  1,281  1,248  2,503  2,520  2,808  Pre-tax income reported  110  62  82  172  231  81    149  313  267  462  585  -44  Total adjustments  31  32  10  63  12  19    57  44  33  101  53  154  Pre-tax income adjusted  141  94  92  235  243  100    206  357  300  563  638  110  Reconciliation of adjustment items (6/7)  Adjusted results are non-GAAP financial measures that exclude goodwill impairment and certain other revenues and expenses included in our reported results. Management believes that adjusted results provide a useful presentation of our operating results for purposes of assessing our Group and divisional performance consistently over time, on a basis that excludes items that management does not consider representative of our underlying performance. Provided below is a reconciliation of our adjusted results to the most directly comparable US GAAP measures. 

 68  July 31, 2018      Corp. Ctr. in CHF mn        SRU in USD mn                SRU in CHF mn        2Q18  1Q18  2Q17    2Q18  1Q18  2Q17  1H18  1H17  1H16  1H15    2Q18  1Q18  2Q17  Net revenues reported  24  -60  -66    -178  -215  -280  -393  -487  -917  772    -176  -203  -274  Real estate gains  -  -  -    -  -1  -  -1  -  -  -    -  -1  -  Gains (-)/losses on business sales  -  -  -    -  -  -  -  -39  5  -    -  -  -  Net revenues adjusted  24  -60  -66    -178  -216  -280  -394  -526  -912  772    -176  -204  -274  Provision for credit losses  -  -  1    -1  -  14  -1  37  81  18    -1  -  13  Total operating expenses reported  65  112  178    194  219  284  413  594  1,045  1,338    193  206  276  Restructuring expenses  -  -1  -2    -12  -12  -12  -24  -19  -99  -    -13  -11  -11  Major litigation provisions  -  -  -    -26  -41  -20  -67  -90  -  -10    -26  -37  -21  Expenses related to business sales  -  -  -    -1  -  -  -1  -  -  -    -1  -  -  Total operating expenses adjusted  65  111  176    155  166  252  321  485  946  1,328    153  158  244  Pre-tax income/loss (-) reported  -41  -172  -245    -371  -434  -578  -805  -1,118  -2,043  -584    -368  -409  -563  Total adjustments  -  1  2    39  52  32  91  70  104  10    40  47  32  Pre-tax income/loss (-) adjusted  -41  -171  -243    -332  -382  -546  -714  -1,048  -1,939  -574    -328  -362  -531  Reconciliation of adjustment items (7/7)  Adjusted results are non-GAAP financial measures that exclude goodwill impairment and certain other revenues and expenses included in our reported results. Management believes that adjusted results provide a useful presentation of our operating results for purposes of assessing our Group and divisional performance consistently over time, on a basis that excludes items that management does not consider representative of our underlying performance. Provided below is a reconciliation of our adjusted results to the most directly comparable US GAAP measures. 

 69  July 31, 2018  Notes  Throughout the presentation rounding differences may occurUnless otherwise noted, all CET1 ratio, Tier 1 leverage ratio, risk-weighted assets and leverage exposure figures shown in this presentation are as of the end of the respective period and on a “look-through” basisGross and net margins are shown in basis pointsGross margin = adj. net revenues annualized / average AuM; net margin = adj. pre-tax income annualized / average AuMMandate penetration reflects advisory and discretionary mandates volumes as a percentage of AuM, excluding those from the external asset manager business  General notes  Specific notes  * Our cost savings program is measured using an adjusted operating cost base at constant FX rates. “Adjusted operating cost base at constant FX rates” include adjustments as made in all our disclosures for restructuring expenses, major litigation provisions, expenses related to business sales and a goodwill impairment taken in 4Q15 as well as adjustments for debit valuation adjustments (DVA) related volatility, FX and for certain accounting changes (which had not been in place at the launch of the cost savings program). Adjustments for certain accounting changes have been restated to reflect grossed up expenses in the Corporate Center and, starting in 1Q18, also include adjustments for changes from ASU 2014-09 “Revenue from Contracts with Customers”, which is described further in our 1Q18 and 2Q18 financial reports. Adjustments for FX apply unweighted currency exchange rates, i.e., a straight line average of monthly rates, consistently for the periods under review. † Regulatory capital is calculated as the worst of 10% of RWA and 3.5% of leverage exposure. Return on regulatory capital is calculated using (adjusted) income / (loss) after tax and assumes a tax rate of 30% and capital allocated based on the worst of 10% of average RWA and 3.5% of average leverage exposure. For the Markets business within the APAC division and for the Global Markets and Investment Banking & Capital Markets divisions, return on regulatory capital is based on US dollar denominated numbers. Adjusted return on regulatory capital is calculated using adjusted results, applying the same methodology to calculate return on regulatory capital.‡ Return on tangible equity is based on tangible equity attributable to shareholders, a non-GAAP financial measure, which is calculated by deducting goodwill and other intangible assets from total equity attributable to shareholders as presented in our balance sheet. Management believes that the return on tangible equity attributable to shareholders is meaningful as it allows consistent measurement of the performance of businesses without regard to whether the businesses were acquired. For end-2Q18, tangible equity excluded goodwill of CHF 4,797 mn and other intangible assets of CHF 212 mn from total shareholders’ equity of CHF 43,470 mn as presented in our balance sheet. For end-1Q18, tangible equity excluded goodwill of CHF 4,667 mn and other intangible assets of CHF 212 mn from total shareholders’ equity of CHF 42,540 mn as presented in our balance sheet. For end-2Q17, tangible equity excluded goodwill of CHF 4,673 mn and other intangible assets of CHF 195 mn from total shareholders’ equity of CHF 43,493 mn as presented in our balance sheet. For end-2Q16, tangible equity excluded goodwill of CHF 4,745 mn and other intangible assets of CHF 191 mn from total shareholders’ equity of CHF 44,962 mn as presented in our balance sheet. For end-2Q15, tangible equity excluded goodwill of CHF 8,238 mn and other intangible assets of CHF 205 mn from total shareholders’ equity of CHF 42,642 mn as presented in our balance sheet.  Abbreviations  Adj. = Adjusted; Adv. = Advisory; AM = Asset Management; APAC = Asia Pacific; AT1 = Additional Tier 1; AuM = Assets under Management; BCBS = Basel Committee on Banking Supervision; BIS = Bank for International Settlements; bps = basis points; CAGR = Compound Annual Growth Rate; CET1 = Common Equity Tier 1; C&IC = Corporate & Institutional Clients; CoCos = Contingent Convertibles; Corp. Ctr. = Corporate Center; DVA = Debit Valuation Adjustments; ECM = Equity Capital Markets; EMEA = Europe, Middle East & Africa; FINMA = Swiss Financial Market Supervisory Authority; FX = Foreign Exchange; G&A = General & Administrative; GM = Global Markets; IBCM = Investment Banking & Capital Markets; inc. = income; ITS = International Trading Solutions; IWM = International Wealth Management; M&A = Mergers & Acquisitions; Mkts = Markets; n/m = not meaningful; NNA = Net new assets; Op Risk = Operational Risk; PB = Private Banking; PC = Private Clients; perf. = performance; pp. = percentage points; PTI = Pre-tax income; rev. = revenues; RM = Relationship Manager(s); RoRC = Return on Regulatory Capital; RoTE = Return on Tangible Equity; RWA = Risk-weighted assets; SRU = Strategic Resolution Unit; SUB = Swiss Universal Bank; TBV = Tangible Book Value; UHNW = Ultra High Net Worth; Underwr. = underwriting; VaR = Value-at-Risk; WM&C = Wealth Management & Connected; YoY = Year on year 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

CREDIT SUISSE GROUP AG and CREDIT SUISSE AG

 (Registrants)

Date: July 31, 2018

By:

/s/ Tidjane Thiam

Tidjane Thiam

Chief Executive Officer

By:

/s/ David R. Mathers

David R. Mathers

Chief Financial Officer