Credit Suisse gained on the stock market on Thursday after snatching a $54 billion lifeline from the central bank in an effort to win back investor trust, but analysts are still skeptical about the major lender’s future.

After the collapse of Silicon Valley Bank and Signature Bank, two major lenders to the US tech sector, Switzerland’s second-largest lender experienced its worst-ever day on the stock exchange on Wednesday.

The Swiss National Bank intervened to save the day in an effort to reassure the markets after stock prices fell more than 30% to 1.55 Swiss francs.

Credit Suisse announced on Thursday that it would borrow 50 billion francs from the SNB to strengthen the group, hours before the stock market reopened.The troubled bank announced that it was also making buyback offers on debt totaling about $3 billion.

“These measures demonstrate decisive action to strengthen Credit Suisse as we continue our strategic transformation to deliver value to our clients and other stakeholders,” chief executive Ulrich Koerner said in a statement.

“My team and I are determined to advance quickly to deliver a simpler and more focused bank built around client needs,” the statement reads.

The actions appeared to have some impact because at 1200 GMT, shares of Credit Suisse were up 22% to 2.07 Swiss francs.The Swiss government — yet to say anything on the situation — was set to hold a special meeting on Thursday to discuss Credit Suisse, the national news agency ATS reported.

Following a joint statement on the situation around the world from the central bank and the Swiss financial regulator FINMA, the SNB loan to Credit Suisse was made.

They insisted that there was no direct risk of financial market contagion from the issues with specific American banks.