The latest-quarter results included income tax expenses of 2.234 billion francs, mainly reflecting the re-assessment of deferred tax assets with an associated tax charge of 2.3 billion francs, primarily resulting from a reduction in the United States federal corporate tax rate following the enactment of the Tax Cuts and Jobs Act in the USA during the fourth-quarter of 2016.
Credit Suisse shares rose 3.7 percent to 17.1 Swiss francs by 0935 GMT.
The prior year results included net litigation provisions of CHF2.47 billion, primarily relating to the settlements with the US Department of Justice and the National Credit Union Administration Board regarding the bank's legacy residential mortgage-backed securities business.
"2018 is set to be a year in which Credit Suisse should be able to deliver turnaround benefits from the large-scale restructuring programme", Baader Helvea analyst Tomasz Grzelak said in a note.
Net revenue was CHF5.19 billion, compared to CHF5.18 billion in the prior year.
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"2017 was a crucial year of delivery in our three-year restructuring plan, after 2016, which was a year of deep and radical reorganisation", chief executive Tidjane Thiam was quoted as saying in a company statement. Yet many of Credit Suisse's markets businesses went on to struggle throughout 2017 as volatility declined.
"We believe that the 2017 results we are presenting today contain tangible evidence of the positive impact our restructuring efforts are having on the group's performance".
The bank proposed a 2017 dividend of 0.25 Swiss francs per share.
The current period of market volatility, sparked by inflation and interest rate worries is among the bank's concerns for the coming year.
The bank said market volatility - which was also behind the meltdown of its exchange-traded notes used to bet on stock market swings - was a double-edged sword. Credit Suisse shut down the product because there is no prospect of price recovery and will compensate investors on February 21.