Financial Targets

To benchmark our achievements, we have defined a set of key performance indicators, for which we have targets to be achieved over a three to five year period across market cycles.

Credit Suisse performance indicators

Performance	For return on equity, we target an annual rate of return of above 20%.
	For total shareholder return, we target superior share price appreciation plus dividends compared to our peer group.
Growth	For earnings per share, we target a double-digit annual percentage growth.
	For net new assets, we target a growth rate above 6%.
	By 2010, we target integrated bank collaboration revenues in excess of CHF 10 billion.
Efficiency	For our Core Results, we target a cost/income ratio of 65% by 2010.
Capital strength	For the BIS tier 1 ratio under Basel II, we target a ratio of 10%.

Additional divisional performance indicators

Wealth Management	Pre-tax income margin of above 40%.
	Growth rate in net new assets of above 6% .
Corporate & Retail Banking	Pre-tax income margin of above 40%.
Investment Banking	Pre-tax income margin of above 30%.
Asset Management	Pre-tax income margin of above 35%.