As per the financial service provider Jefferies, 70 per cent of Credit Suisse’s assets are held in the form of government securities. Moreover, its off- balance sheet items are seven times its total assets.
Beleaguered Swiss bank Credit Suisse is one of the top 15 foreign banks in India and owns assets worth more than Rs 20,000 crore, as per a note by Jefferies.
As per the financial service provider Jefferies, 70 per cent of Credit Suisse’s assets are held in the form of government securities. Moreover, its off-balance sheet items are seven times its total assets.
The note read, “Alike foreign banks, their off-balance sheet is seven times the total assets, and they are the 14th largest foreign bank in the system.”
The Switzerland-based banking giant also has a significant presence in the derivatives market and funds 60 per cent of its assets from borrowings, of which 96 per cent has a tenure of up to two months, according to Jefferies.
