Credit Suisse announces completion of its 2020 share buyback program

On December 30, 2020, Credit Suisse Group AG (Credit Suisse) announced it has completed its 2020 share buyback program (Share Repurchase Program), which started on January 6, 2020 and was suspended in March 2020 due to the COVID-19 pandemic.

 Under the Share Repurchase Program, Credit Suisse has repurchased 28,446,000 of its shares on a second trading line on the SIX Swiss Exchange for a total of CHF 324,993,871 at an average purchase price per share of CHF 11.43. The repurchased shares were approved for cancellation by means of a capital reduction at the Annual General Meeting 2020, and cancelled in July 2020.

Credit Suisse is one of the world's leading financial services providers. Its strategy builds on Credit Suisse's core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland. It seeks to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland.