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credit-suisse Slides - Presentation to analysts and media
Credit Suisse Group reported financial results for the first quarter of 2001. Net operating profit declined 12% from the previous year to CHF 1.726 billion due to weaker markets and higher expenses. Assets under management grew 14% to CHF 1.366 trillion. Business units such as Winterthur Insurance and Winterthur Life & Pensions saw revenue growth but lower investment returns impacted profits. Credit Suisse aims to continue expanding its asset gathering businesses.
