ZURICH -- Credit Suisse, the main banking unit of CS Holding, said its pretax profit for the first half of the year rose 67%, to $1.6 billion.
The increase resulted from "favorable conditions" in the securities and foreign-exchange markets and from declining interest rates, the company said.
Included for the first time were the results of Swiss Volksbank, which Credit Suisse acquired earlier this year.
Separately, Swiss Volksbank said that its pretax profit rose 50% in the first half, to $171.6 million, including $18 million in extr-aordinary income derived from the takeover by Credit Suisse.
Credit Suisse said it expected "good" gross results in the second half of 1993, though the "need for provisions will again be substantial."