Vontobel achieves a good result in 2020
Media release
2/11/2021
Reading time:
1
minute(s)
- Very good net new money of CHF 14.8 billion
- Growth in net new money of 7.4%, significantly exceeding target range
- Advised client assets up by 10% to CHF 248.2 billion
- Robust gross margins in all businesses – despite general pressure on margins – underscore client focus and product quality
- Pre-tax profit grew by 5% to CHF 321.0 million
- Stable operating income of CHF 1,266 million, with good earnings quality
- Business model is focused on recurring income
- Improvement in cost/income ratio to 74.1% compared to previous year
- Good return on equity of 13.3% generated on the basis of 4% higher shareholders’ equity
- Robust capital position: Tier 1 capital ratio of 19.8%, far exceeding capital requirements
- Forward-looking changes to the Board of Directors
- Good start to 2021
