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VONN Vontobel Holding AG News Story

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FinancialsConservativeLarge CapTurnaround

Brief: Vontobel Holding FY Net New Money Reached CHF 2.6 Bln

Feb 7 (Reuters) - VONTOBEL HOLDING AG  VONN.S :
    * FY PROFIT BEFORE TAX (PBT) UP 32 PERCENT, REACHING CHF 354
MILLION 
    * FY ASSETS UNDER MANAGEMENT UP IN BOTH CLIENT SEGMENTS,
PLUS 11
PERCENT TO CHF 229 BILLION WITH NET NEW MONEY CHF 2.6 BILLION 
    * FY COST/INCOME IMPROVED SIGNIFICANTLY TO 74.7 PERCENT
(-4.5
PERCENTAGE POINTS), SUCCESSFULLY EXECUTING EFFICIENCY PROGRAM 
    * FY NET NEW MONEY REACHED CHF 2.6 BILLION 
    * FY STRONG CAPITAL POSITION WITH CET1 RATIO 16.1 PERCENT.
PROPOSED DIVIDEND UNCHANGED AT CHF 3.00 PER SHARE 
    * FY OPERATING INCOME UP 9 PERCENT TO CHF 1,423 MILLION,
WITH
GROWTH IN BOTH PRIVATE AND INSTITUTIONAL CLIENTS 
    * FY RETURN ON EQUITY INCREASED TO 12.3 PERCENT 
    * FY INSTITUTIONAL CLIENTS AT CHF 399.4 MILLION
    * AT THE END OF 2024, THE CET1 RATIO WAS AT 16.1 PERCENT AND
THE
TIER 1 RATIO AT 20.9 PERCENT
    * COMPANY’S EFFICIENCY PROGRAM IS ON TARGET
    * BOARD OF DIRECTORS WILL PROPOSE AN UNCHANGED DIVIDEND OF
CHF
3.00 PER SHARE

Source text:  ID: 
Further company coverage:  VONN.S 

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