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25-02-2010
The Vontobel Group achieves 22% growth in net profit to CHF 138.3 million
The Vontobel Group generated a net profit of CHF 138.3 million in 2009 in a continued difficult operating environment. The 22% rise in profit confirms that Vontobel is
successfully executing its growth initiatives and that its cost reduction measures are proving effective. While Investment Banking benefited rapidly and directly from the market
recovery, the generally cautious conduct of private and institutional clients continued to impact the wealth and asset management business.
Against this challenging backdrop, the Vontobel Group grew its volume of assets under management by 21% to CHF 75.2 billion. This increase of CHF 12.8 billion was driven
by market developments and investment performance (CHF 6.6 billion), the acquisition of Commerzbank (Schweiz) AG (CHF 4.1 billion) and a net inflow of new money
totalling CHF 2.1 billion.
The Vontobel Group strengthened its capital position by 8% to CHF 1.5 billion. Its BIS tier 1 capital ratio of 20.9% was several times higher than the regulatory requirement.
This exceptionally solid financial basis provides Vontobel with a great deal of flexibility in the ongoing consolidation of the banking industry. The return on equity
was 9.7%.
The Board of Directors will propose a dividend of CHF 1.40 per registered share to the General Meeting of Shareholders of Vontobel Holding AG. This represents an increase of 17%
from the previous year.
Contacts:
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Reto Giudicetti
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| Media Relations, Group Communications |
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| +41 (0)58 283 61 63 |
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Susanne Borer
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| Head of Investor Relations |
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| +41 (0)58 283 73 29 |
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