Credit Suisse said on Thursday it will cut more costs than expected, after swinging to a lower-than-expected fourth-quarter net profit.

The Zurich-based bank said it will slash spending by 4.4 billion Swiss francs (3 billion pounds) by the end of 2015, up from a previously-announced 4 billion.

Fourth-quarter net profit of 397 million francs missed analyst forecasts, which averaged 645 million francs in a Reuters poll.

(Reporting By Katharina Bart)