Julius Bär Announces Share Buyback Worth up to CHF600 Million
The bank will return surplus capital to shareholders while keeping a 15% Common Equity Tier 1 target and a progressive dividend policy.
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It is expected that the programme will be launched in the coming weeks and will be completed within one year and its execution will be subject to market conditions. The shares will be acquired through a second trading line on the Swiss SIX Stock Exchange.
Julius Baer Announces Share Buyback
Following the reprimand of Bank Julius Baer by Finma on Tuesday and the completion of the investigations into the private debt business, the bank now sees itself in a position to return capital to shareholders again. The bank is buying back shares and intends to revise its dividend policy.
For this purpose, the Bank received approval from the Financial Market Authority Finma after the Authority had notified the completion of the Signa Debacle investigation on Tuesday.
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