Exhibit 12.3
Ratio of earnings to fixed charges – Credit Suisse Group
in |
| 1Q17 |
|
Ratio of earnings to fixed charges (CHF million) |
|
|
|
Income/(loss) from continuing operations before taxes, noncontrolling interests and cumulative effect of accounting changes |
| 670 |
|
Income from equity method investments |
| (41 | ) |
Pre-tax earnings/(loss) from continuing operations |
| 629 |
|
Fixed charges: |
|
|
|
Interest expense |
| 2,408 |
|
Interest portion of rentals (1) |
| 128 |
|
Preferred dividend requirements |
| 0 |
|
Total fixed charges |
| 2,536 |
|
Pre-tax earnings before fixed charges |
| 3,165 |
|
Noncontrolling interests |
| (4 | ) |
Earnings before fixed charges and provision for income taxes |
| 3,169 |
|
Ratio of earnings to fixed charges |
| 1.25 |
|
(1) Amounts reflect a portion of premises and real estate expenses deemed representative of the interest factor.