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
Sources and Additional Resources
Reuters:
http://www.reuters.com/article/us-credit-suisse-gp-impactinvesting/credit-suisse-looks-to-make-an-impact-with-new-investment-wing-idUSKCN1BT15Z
Credit Suisse:
https://www.credit-suisse.com/
Credit Suisse Annual Report 2016:
https://www.credit-suisse.com/media/assets/corporate/docs/about-us/investor-relations/financial-disclosures/financial-reports/csg-ar-2016-en.pdf
Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at https://www.microcapital.org/products-page/
Similar Posts:
- MICROCAPITAL BRIEF: Impact Asset Management’s Dual Return Vision Microfinance Funds Issue Loans to MFIs in Ecuador, Georgia, Kyrgyzstan, Paraguay
- MICROFINANCE EVENT: Global Impact Investing Network (GIIN) Impact Forum; October 4-5, 2023; Copenhagen, Denmark
- MICROCAPITAL BRIEF: Jeff Flowers to Lead FINCA Impact Finance
- MICROFINANCE EVENT: Navigating the Future of Impact Investing in Asia; May 9, 2023; Hong Kong, China
- MICROFINANCE EVENT: Arab Savings & Financial Literacy Conference; October 9-11, 2023; Cairo, Egypt – NEW DATES
