Credit Suisse, a Switzerland-based financial services company with operations in 50 countries, recently announced that it has opened an Impact Advisory and Finance (IAF) department to direct capital to “companies, organizations, and funds with the intention to generate social and environmental impact alongside a financial return.” This includes those in sectors such as agriculture, microfinance, housing and healthcare.
As of 2016, Credit Suisse had total assets of USD 840 billion, return on assets of -0.3 percent, net loans of USD 170 billion and total deposits of 388 billion. The bank was founded in 1856 and is headquartered in Zurich.
By Ryan Gauthier, Research Associate
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