Nov 25 (Reuters) - EFG INTERNATIONAL AG EFGN.S:
INTERNATIONAL PRESENTS 2028 STRATEGIC PLAN
TO CONTINUE DELIVERING DOUBLE-DIGIT PROFIT GROWTH OF AROUND 15% P.A. OVER NEXT CYCLE
2028 TARGET: AVERAGE ANNUAL NET NEW ASSET GROWTH RATE OF 4-6% OVER 2026-2028 STRATEGIC CYCLE
DIVIDEND PAYOUT RATIO OF 60% OF NET PROFIT
2028 FINANCIAL TARGET: COST/INCOME RATIO OF 68%
TARGETS REVENUE MARGIN OF >85 BASIS POINTS FOR 2028
2028 TARGET: MANAGEMENT FLOOR OF 12% CET1 CAPITAL RATIO
2028 TARGET RETURN ON TANGIBLE EQUITY OF 20%
2028 FINANCIAL TARGET DIVIDEND PAYOUT RATIO OF 60% OF NET PROFIT
2028 AMBITION: HIRE 50 TO 70 NEW CROS P.A.
TARGETED COST SAVINGS OF CHF 70-80 MILLION BY END-2028
Further company coverage: EFGN.S
(Gdansk Newsroom)
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