March 15, 2015 / 10:54 AM / 3 years ago

Credit Suisse not planning new capital raising: newspaper

GENEVA (Reuters) - Credit Suisse Group AG CSGN.VX has no plans to raise more capital, its chairman said in an interview published in the SonntagsZeitung newspaper on Sunday.

The company's logo is seen at the headquarters of Swiss bank Credit Suisse at the Paradeplatz square in Zurich March 10, 2015. REUTERS/Arnd Wiegmann

“What reason would we have for asking shareholders to let us have more capital?”, Urs Rohner told the newspaper.

When asked if the Swiss bank might need new funds to expand in Asia, he said: “Capital raising should only be done when you need the money for a specific project. At the moment there are no such plans.”

He said the bank had proved in 2014 that it could strengthen its capital from existing operating activities, and 2015 would be no different.

But he rejected the idea that Credit Suisse was reluctant to ask shareholders to dilute their equity by injecting new capital, and said that in the hypothetical case of a growth project, he was confident they would be willing to invest further.

Reporting by Tom Miles; editing by Jason Neely

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