Credit Suisse Private Bank to Boost Asia Lending in Wealth Hunt

Credit Suisse Group AG, which runs Asia’s third-largest private bank, will step up lending to first-generation business owners as it seeks to build relationships with potential wealth-management clients.

The Asian unit expects to increase such loans by 20 percent this year, Francesco de Ferrari, managing director and head of the division, said in an interview in Singapore on Feb. 21, without specifying an amount. That would be an acceleration from 2013’s 12 percent.