Switzerlands second-largest bank said the "very unfortunate" accounting error meant its earnings for last year were around CHF200 million ($156.5 million) lower than originally stated.
Credit Suisse said that the mistake was down to a data input error.
Although seen us largely benign, the error will grate with the bank's desire to restore investor confidence, undermined one year ago when Credit Suisse declared its largest-ever loss.
The bank's revised results now indicate a rail in its net profit to CHF956 million in the last three months of 2003 from the originally reported CHF1.166 billion.
Source: Swissinfo, Swiss News and agencies
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|Title Annotation:||Financial News|
|Date:||May 1, 2004|
|Previous Article:||Swiss Re: back in black.|
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|Erring on the margin of error.|
|STATE ACADEMIC CONTEST BROKE.|
|Public thinks journalists cover up their mistakes.|