1. Fourth Quarter and
Full Year Results 2006
Zurich
February 15, 2007
Oswald J. Grübel, Chief Executive Officer

2. Cautionary statement
Cautionary statement regarding forward-looking and non-GAAP information
forward- non-
This presentation contains forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995.
Forward-looking statements involve inherent risks and uncertainties, and we might not be
able to achieve the predictions, forecasts, projections and other outcomes we describe
or imply in forward-looking statements.
A number of important factors could cause results to differ materially from the plans,
objectives, expectations, estimates and intentions we express in these forward-looking
statements, including those we identify in quot;Risk Factorsquot; in our Annual Report on Form
20-F for the fiscal year ended December 31, 2005 filed with the US Securities and
Exchange Commission, and in other public filings and press releases.
We do not intend to update these forward-looking statements except as may be required
by applicable laws.
This presentation contains non-GAAP financial information. Information needed to
reconcile such non-GAAP financial information to the most directly comparable measures
under GAAP can be found in Credit Suisse Group's fourth quarter report 2006.
Fourth quarter and full year results 2006
Slide 2

3. Record results in 2006
Change
2006 2005 in %
CHF bn
Net revenues 1) 34.9 28.4 23
Total operating expenses 1) 24.3 23.2 5
Pre-tax income 1) 100
Pre- 10.7 5.4
83
Income from continuing operations 8.3 4.5
Income from discontinued operations 3.1 1.3 134
94
Net income 11.3 5.9
Basic earnings per share (in CHF) 10.30 5.17 99
89
7.53
from continuing operations (in CHF) 3.98
Return on equity (in %) 27.5 15.4
1) Excluding minority interest revenues of CHF 3,663 m, CHF 2,074 m and minority interest expenses of CHF 103 m, CHF 32 m in 2006 and 2005,
respectively, from the consolidation of certain private equity funds and other entities in which the Group does not have a significant economic interest
Fourth quarter and full year results 2006
Slide 3

4. Financial Review
Renato Fassbind, Chief Financial Officer

5. Financial highlights fourth quarter 2006
4Q06 3Q06 4Q05
CHF m
Investment Banking 2,342 758 286
Private Banking 1,143 1,022 1,026
Asset Management 89 158 241
(1,033) 2)
Corporate Center 1) (187) (108)
Pre-tax income 1)
Pre- 3,387 1,830 520
Income from continuing operations 2,599 1,468 677
Income from discontinued operations 2,074 424 426
Net income 4,673 1,892 1,103
Basic earnings per share (in CHF) 4.35 1.74 0.98
from continuing operations (in CHF) 2.42 1.35 0.59
1) Excluding minority interest revenues of CHF 998 m, CHF 640 m, CHF 554 m and minority interest expenses of CHF 71 m, CHF 10 m, CHF 15 m in 4Q06, 3Q06,
4Q05, respectively, from the consolidation of certain private equity funds and other entities in which the Group does not have a significant economic interest
2) Includes a charge of CHF 630 m in relation to the change in accounting for share-based compensation awards
Fourth quarter and full year results 2006
Slide 5

6. Annual pre-tax income by division
Investment Banking Private Banking Asset Management
CHF m
5,951 5,443 2)
4,596
+113% 3,966
3,717
2,5591)
+16%
(27)%
2,023
1,599 1,006
816 733 3)
508
2004 2005 2006 2004 2005 2006 2004 2005 2006
1) Excluding charge of CHF 960 m to increase the reserve for certain private litigation matters
2) Excluding credits of CHF 508 m from insurance settlements for litigation and related costs
3) Excluding realignment costs of CHF 225 m
Fourth quarter and full year results 2006
Slide 6

7. Investment Banking with record fourth quarter and full
year results
Highlights fourth quarter 2006
S Record revenues and pre-tax
income, reflecting strong
performance across all key
business areas and regions
S Results demonstrate progress
towards a more profitable
integrated bank
S Improving cost ratios in line with
commitment to improve operating
efficiency over time
Fourth quarter and full year results 2006
Slide 7

8. Underwriting and advisory with record revenues in all key
businesses
Underwriting and advisory revenues Comments on 4Q06
S Record results driven by
CHF m
Equity underwriting
5,376 – high levels of deal activity
Debt underwriting
+38% – improved market shares in M&A and
Advisory and other fees
equities
3,890
– increased breadth and diversity of
1,955
businesses
+65%
S Best Bank of the Year for IPOs
(The Banker)
1,185
1,052
S Best China Equity House
(International Financing Review)
S #1 in Latin America M&A and Equities
for 2006
2005 2006 4Q05 3Q06 4Q06
Fourth quarter and full year results 2006
Slide 8

9. Strong fixed income trading results
Fixed income trading revenues Comments on 4Q06
CHF m
S 2nd highest level of quarterly revenues
S Credit spreads remained narrow
9,598
resulting in continued liquidity and solid
activity levels
7,004
S Strong revenue growth in
– commercial mortgage-backed
securities
2,755
+37%
– emerging markets trading
2,137
– global foreign exchange and
1,566 +29%
– leveraged finance businesses
+76%
S Solid growth in commodities trading
2005 2006 4Q05 3Q06 4Q06
Fourth quarter and full year results 2006
Slide 9

10. Significantly improved equity trading performance
Equity trading revenues Comments on 4Q06
CHF m
S 2nd highest level of quarterly revenues
S Improved results in derivatives
5,881
benefiting from high levels of client-
driven activity
4,340
S Strong results in cash businesses, with
an increase in deal activity, stronger
1,596
secondary markets and good
+36%
performance in AES
1,062
1,021
S Equity proprietary trading reported
+50%
strong results across most regions and
+56%
strategies
2005 2006 4Q05 3Q06 4Q06
AES = Advanced Execution Services
Fourth quarter and full year results 2006
Slide 10

11. Cost reduction program gaining traction and yielding
positive initial results
Compensation / Revenue ratio in %
S Continuing to execute a program to
56.5 achieve sustainable, long-term cost /
55.5
50.1 income ratio reductions
42.2
S 2006 compensation / revenue ratio
2004 2005 2006 4Q06
down from previous years and quarters
Other expenses
CHF m
1,191 1)
1,326
S 4Q06 non-compensation expenses
1,233 1) 1,211
1,168 1,157
down from 3Q06 and 4Q05
759
4Q05 1Q06 2Q06 3Q06 4Q06 1) Excluding credits of CHF 474 m and CHF 34 m, from insurance
settlements for litigation and related costs in 2Q06 and 4Q06, respectively
Fourth quarter and full year results 2006
Slide 11

12. Progress in increasing the pre-tax margin
Investment Banking pre-tax margin 1)
38%
27%
27%
18% 18%
17%
8%
2005 1) 2006 2) 2Q06 2) 4Q06 2)
4Q05 1Q06 3Q06
1) Excluding charge to increase the reserve for certain private litigation of CHF 960 m; reported margin was 10%
2) Excluding credits of CHF 474 m and CHF 34 m, from insurance settlements for litigation and related costs in 2Q06 and 4Q06, respectively;
reported margins were 29%, 39% and 29% in 2006, 4Q06 and 2Q06, respectively
Fourth quarter and full year results 2006
Slide 12

13. Private Banking achieves record profitability in 2006
Highlights
S Strong fourth quarter performances
in WM and CRB
S Improving pre-tax income margins in
2006 while expanding investments
in high growth markets
S Wealth Management achieved
overall profit in European onshore
business one year ahead of plan
WM = Wealth Management; CRB = Corporate & Retail Banking
Fourth quarter and full year results 2006
Slide 13

14. Increased profitability due to international expansion and
strong client activity
Wealth Management: Pre-tax income
CHF m
3,237
963
2,661
811
779
703 684
+22% +19%
+15%
2005 2006 4Q05 1Q06 2Q06 3Q06 4Q06
Pre-tax income margin in %
37.3 39.6 37.6 43.2 38.3 37.1 39.0
Fourth quarter and full year results 2006
Slide 14

15. Wealth Management with solid revenue growth and stable
gross margin for the year
Gross margin on AuM
Net revenues and gross margin on AuM
Basis points
CHF m and basis points (bp)
8,181
113 112
7,125 125 bp
113 bp
40 41
109 bp Transaction-
109 bp
101 bp based
2,227 73
2,077 71
2,034 Asset-
1,868 1,843
+15% based
+13%
+11%
2005 2006 4Q05 1Q06 2Q06 3Q06 4Q06 2005 2006
Fourth quarter and full year results 2006
Slide 15

16. Continued strength in asset gathering in
Wealth Management
Net new assets (NNA) Assets under management (AuM)
CHF bn CHF bn
8.6 50.5
31.12.2005 693.3
42.8 10.9
Net new
16.5 50.5
assets
+13.1%
Market and
14.5 FX related 40.4
movements
2005 1Q06 2Q06 3Q06 4Q06 2006
31.12.2006 784.2
Rolling four quarters NNA growth on AuM in %
7.5 7.8 8.6 7.2 7.3 7.3
Fourth quarter and full year results 2006
Slide 16

17. Improving pre-tax income margin while continuing
international expansion
Wealth Management: Total operating expenses
CHF m
Compensation and benefits
4,963
Up 17% from FY05, due to strategic
4,439
2,780 investments in international front-
2,367 office recruitment (added net 115
relationship managers in 2006) and
1,283
1,161
1,163 performance-related compensation
714
596 629
2,183
2,072
Other expenses
567 569 Up 5% from FY05, mainly due to
532
higher commission expenses and
2005 2006 4Q05 3Q06 4Q06 ongoing international business
growth
Pre-tax income margin in%
37.3 39.6 37.6 37.1 39.0
Fourth quarter and full year results 2006
Slide 17

18. Corporate & Retail Banking with continued high
profitability
Pre-tax income
S Increase in 2006 pre-tax margin
CHF m
reflecting revenue growth of 4%
1,359
1,305
and cost increase of 1%
S Future releases of credit
+4%
provisions expected to slow
338 332
322
down due to a decline in the
(2)%
amount of impaired loans
+3%
2005 2006 4Q05 3Q06 4Q06
Pre-tax income margin in%
38.7 38.9 38.0 40.3 37.1
Provisions for credit losses in CHF m 1)
(96) (54) (23) (17) (24) 1) Negative numbers show net releases of provisions
Fourth quarter and full year results 2006
Slide 1

19. Asset Management completes business realignment while
launching growth initiatives in high margin areas
Highlights 2006
S 2006 results impacted by
realignment costs and lower
investment related gains
S Strong growth in net new assets
with CHF 51 billion in 2006
S Launch of several growth initiatives
in high margin areas including
acquisition of Hedging-Griffo
Fourth quarter and full year results 2006
Slide 19

20. Increased recurring revenue base growth, but lower
investment-related gains in 2006
Net revenues
CHF m
698
208
502 206
Private equity and
(28)%
other investment- 3,237
115 92
89
related gains
2,359 646
603
2,103
560
549 550
Asset management
+7%
+12%
revenues and
private equity +18%
commissions
4Q05 1Q06 2Q06 3Q06 4Q06
2005 2006
Gross margin on AuM in basis points 1)
40.9 37.3 39.1 36.2 36.5 37.8 38.7
1) Based on revenues before private equity and other investment-related gains
Fourth quarter and full year results 2006
Slide 20

21. Strong net new assets and good growth in assets under
management during 2006
Net new assets (NNA) Assets under management (AuM)
CHF bn CHF bn
21.2 (2.9)
NNA growth on AuM
50.8
2006: 8.6% 31.12.2005 589.4
2005: 4.2%
Net new
15.5 50.8
assets
Market and +13.7%
5.1 (0.8) 19.6
17.0 FX related 29.7
11.4
movements
3.9
31.12.2006 669.9
1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY
2005 2006
Fourth quarter and full year results 2006
Slide 21

22. Well-diversified asset class mix
Assets under management by asset class
As of 31.12.2006
CHF bn
Change Balanced
277
9%
Balanced
255
41%
137
21%
Alternative Equities
113
7%
107
Fixed
(3%)
Income 110
15% 21%
101
Money
58%
16%
Markets 64 Money
Alternative
31.12.2006 markets
47 31.12.2005 (2%)
Equities
Fixed income
48
Note: Includes reclassifications of approx. CHF 10 bn from fixed income to money market and balanced
Fourth quarter and full year results 2006
Slide 22

23. Increased capital payout and strong capital position
Capital payout (per share) BIS Tier 1 data
S Increased 2006 payout to CHF 2.70 1) Tier 1 ratio
(%)
13.9
– Regular cash dividend of CHF 2.24
11.3 10.8 10.8
10.6
– Capital return of CHF 0.46 in form of
par value reduction
4Q05 1Q06 2Q06 3Q06 4Q06
Share repurchases Risk-weighted assets
(CHF bn)
S Launch new three-year program worth 254
252
248 245
233
up to CHF 8 bn 1)
S Complete current CHF 6 bn program
in April 2007
4Q05 1Q06 2Q06 3Q06 4Q06
1) Subject to approval at shareholder meeting in May 2007
Fourth quarter and full year results 2006
Slide 23

24. Credit Suisse performance indicators
in % in %
28
238
Diluted EPS Return on
84 16 15
growth 1) equity
5
2004 2005 2006 2004 2005 2006
in % in %
Total
7 44
NNA growth
5 shareholder 31
7
(on assets under
3 return
management)
2004 2005 2006 2004 2005 2006
in % in %
Cost / 82 14
BIS Tier 1 12
75 11
Income 70 capital ratio
ratio 2)
2004 2005 2006 2004 2005 2006
1) from continuing operations as reported in respective period
2) Excluding minority interest revenues before tax of CHF 1,088 m, CHF 2,074 m, CHF 3,663 m and minority interest expenses before tax of CHF 16 m, CHF 32 m, CHF 103 m in 2004,
2005 and 2006, respectively, from the consolidation of certain private equity funds and other entities in which the Group does not have a significant economic interest
Fourth quarter and full year results 2006
Slide 24

25. Closing Remarks
Questions & Answers
Fourth quarter and full year results 2006
Slide 25