Edited Transcript of CSGN.S earnings conference call or presentation 18-Feb-21

Q4 2020 Credit Suisse Group AG Earnings Call Zurich Feb 18, 2021 (Thomson StreetEvents) — Edited Transcript of Credit Suisse Group AG earnings conference call or presentation Thursday, February 18, 2021 at 7:15:00am GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * David R. Mathers Credit Suisse Group AG – CFO & Member of the Executive Board * Kinner R. Lakhani Credit Suisse Group AG – Head of IR and Head of Group Strategy & Development * Thomas P. Gottstein Credit Suisse Group AG – Member of the Executive Board & CEO ================================================================================ Conference Call Participants ================================================================================ * Adam Terelak Mediobanca – Banca di credito finanziario S.p.A., Research Division – Banks Analyst * Amit Goel Barclays Bank PLC, Research Division – Co-Head of European Banks Equity Research * Andrew Lim Societe Generale Cross Asset Research – Equity Analyst * Andrew Philip Coombs Citigroup Inc., Research Division – Director * Anke Reingen RBC Capital Markets, Research Division – European Banks Analyst * Benjamin Goy Deutsche Bank AG, Research Division – Research Analyst * Daniel Regli Octavian AG, Research Division – Senior Research Analyst of Financials * Jeremy Charles Sigee Exane BNP Paribas, Research Division – Research Analyst * Jernej Omahen Goldman Sachs Group, Inc., Research Division – MD & Head of the European Financial Institutions Group * Kian Abouhossein JPMorgan Chase & Co, Research Division – MD and Head of the European Banks Equity Research Team * Magdalena Lucja Stoklosa Morgan Stanley, Research Division – MD * Patrick Lee Grupo Santander, Research Division – Equity Analyst ================================================================================ Presentation ——————————————————————————– Operator [1] ——————————————————————————– Good morning. This is the conference operator. Welcome, and thank you for joining Credit Suisse Group’s Full Year and Fourth Quarter 2020 Results Conference Call for analysts and investors. (Operator Instructions) and the conference is recorded. (Operator Instructions). I will now turn the conference over to Kinner Lakhani, Head of Investor Relations and Group Strategy and Development. Please go ahead, Kinner. ——————————————————————————– Kinner R. Lakhani, Credit Suisse Group AG – Head of IR and Head of Group Strategy & Development [2] ——————————————————————————– Thank you, operator. Before we begin, let me remind you of the important cautionary statements on Slides 2 and 3, including in relation to forward-looking statements, non-GAAP financial measures and Basel III disclosures. For a detailed discussion, we refer you to the Crédit Suisse Fourth Quarter 2020 Earnings Release, published this morning. Let me remind you that our 2020 annual report and audited financial statements for the year will be published on or around March 18, 2021. I will now hand over to our group CEO, Thomas Gottstein; and our group CFO, David Mathers, who will run through the numbers. ——————————————————————————– Thomas P. Gottstein, Credit Suisse Group AG – Member of the Executive Board & CEO [3] ——————————————————————————– Thank you, Kinner. Good morning, everyone. Thank you for joining our call this morning to discuss our fourth quarter and full year 2020 results. Let me begin, as I have since I became group CEO 1 year ago with some comments on the current environment. We continue to monitor with full vigilance, the elevated levels of COVID-19 cases in Switzerland and all the countries around the globe where we operate. In my first year, I’m very proud of what Crédit Suisse has delivered for clients, employees and shareholders. For clients, we took a leading role in establishing Switzerland’s successful lending facility last year and help clients around the globe, navigate turbulent economies and markets. For our employees, we created a safe and productive environment while moving to a mostly digital…