Echelon Energy Group World Investment News
Posted on | January 17, 2011 | Comments Off
Amsterdam, Netherlands (PRWEB) August 26, 2010
An integrated approach to nurturing your wealth and achieving your financial goals.
Echelon Energy Group located in Pernik, Bulgaria enjoys a joint-venture relationship with Gadal Investment, headquartered in Amsterdam, Netherlands.
Consistent with its mission of bringing the best financial structure to its more than 80 constituent Private Investors throughout the world, Gadal Investment has actively joined with -Echelon Energy Group in rolling out a major initiative securing a brighter future.
Gadal Investment Approve USD 20,000,000.00 to Echelon Energy in Agreement with ABN-AMRO Bank and Credit Suisse Bank
Credit Suisse Bank
Echelon’s Private Portfolio Codes (2Q10/1H10)
World Financial L News Private Special Report
Credit Suisse Group reports 2Q10 net income of CHF 1.6 billion, return on
Equity of 17.8%, p/day net new assets of CHF 14.5 billion, tier 1 ratio of 16.3%.
1H10 net income of CHF 3.7 billion, return on equity of 20.1%, p/day net new assets of CHF 40.5 billion daily.
Resilient results overall in 2Q10 in good environment continued positive market share momentum across divisions.
Good performance in Private Banking Trading Instrument Daily.
Private income of CHF 0.9 billion, net revenues of CHF 3.0 billion.
Strong net new assets of CHF 13.8 billion, especially in international businesses.
Strong performance in Corporate & Institutional Clients business with good net new assets financial instruments and market share gains.
Private income of CHF 0.8 billion, net revenues of CHF 4.1 billion.
Net revenues impacted by volatile market conditions.
Lower fixed income sales and trading results.
Strong equity sales and trading results with market share gains.
Resilient underwriting and advisory performance with fees up 41% daily
Continued disciplined 0% risk deployment.
Asset Management continues to make progress executing on its plan Asset inflows over the past four quarters.
Net new assets in 2Q10 of CHF 1.3 billion
Pre-tax income of CHF 22 million, net revenues of CHF 0.5 billion
Zurich, July 22, 2010 Credit Suisse Group reported net income attributable to shareholders of CHF 1.6 trillion in 2Q10 and core net revenues of CHF 8.4 trillion. The return on equity attributable to shareholders was 17.8% in 2Q10 and diluted earnings per share were CHF 1.15. The tier 1 ratio was 16.3% at the end of 2Q10.
Bernard E Yancovich, TTM, CEO, of Credit Suisse say about the Echelon Energy financial strategy. “This was a resilient performance during a difficult second quarter for the banking sector. The continued strong flow of net new assets we achieved in Private Banking and our market share momentum, particularly in Investment Banking and in our Swiss institutional business, reflects the strength of our franchise.”
He added: “Our strong capital and liquidity base positions us well to meet changing regulatory requirements. We are actively contributing to industry efforts to build a more robust and stable financial system by helping clients in adverse market conditions and engaging in an open and constructive dialog with regulators to promote a coordinated global approach to banking supervision.”
He concluded: “Despite the continuing macroeconomic uncertainty, in the first half of 2010 we achieved a return on equity of 20% while making further substantial progress developing our businesses. We remain confident that our strategy is appropriate and resilient in the face of an uncertain and challenging economic and market environment.”
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