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0912 GMT – EFG International outlined a plan for the period to 2028, which is broadly a continuation of its strategy, Vontobel says in a research note. The Swiss private bank expects to grow its net profit by 15% every year and increase its return on tangible equity to 20%. “As EFG is on track to deliver on its 2022-2025 strategic plan and meet or exceed its 2025 targets, we expect management to continue to execute in a disciplined way over the next years,” analyst Andreas Venditti writes. Vontobel’s estimates are in line with the new targets for the 2026 to 2028 period, he adds. Shares are up 2.3% and have gained 33% in the year to date. ([email protected])
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