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Credit Suisse with 841 million francs profit for the last quarter of 2010

The Swiss bank Credit Suisse reported a profit of 841 million Swiss francs (876 million dollars) for the fourth quarter of 2010. Over the same period of previous year performance of financial institutions was 793 million francs. As a negative signal may indicate a reduced target of bank profitability this year. The new objectives have been to achieve a return on equity of 15 per cent, below the previous target of 18 per cent. In 2010, the bank index was 14.4 per cent. All profits of the financial institution for the year does is 5.1 billion dollars, or about 25% less than in 2009. The main competitor of Credit Suisse in Switzerland - UBS, reported a profit of 1.29 billion francs last quarter of 2010. The bank realized good business management and decreased the number of bad credits, which increased the profit of the bank. This was quite important to stabilize the financial report and to perform the positive strategy for increasing the profits. The Swiss bank Credit Suisse is getting out from the terrible financial crisis and the decrease in the financial results was stopped. The company did not realized high decrease, but negative financial results is making the bank management unstable.