Valiant aims to increase profitability in new strategy period
Published: Thursday, Jun 13th 2024, 07:40
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Valiant Bank is focusing on increasing profitability in the new 2025 to 2029 strategy period. To this end, it has defined several strategic directions, the bank announced on Thursday. Valiant sees further growth potential, not least in business with corporate clients.
The bank, which operates throughout Switzerland, aims to achieve a return on equity that is above the cost of capital, Valiant wrote in a press release on Thursday. The bank intends to remain true to its "successful, simple" business model. At the same time, however, earnings are to be diversified and efficiency increased.
Shareholders are to benefit from an "annual increase in the dividend". The bank is also aiming for a payout ratio of at least 50%.
Personal and "self-service"
For Valiant, "simplicity" includes the combination of personal advice and "self-service" - customers should be able to contact the bank "no matter how". Last but not least, the range of services for small and medium-sized enterprises (SMEs) is also to be expanded. At the same time, Valiant wants to expand its pension advice for private customers.
Having already implemented a cost-saving program in the current strategy period, Valiant will continue to "closely monitor" the development of costs, the bank announced. The focus is on "lean, consistent processes and a higher degree of automation", it says. Simplified processes and standardized interfaces should increase productivity.
Valiant does not intend to change its current "cautious risk policy", the bank emphasizes. The bank will continue to aim for a total capital ratio of between 15 and 17 percent. Valiant will present further concrete strategic goals at a media presentation on Thursday morning.
For Valiant, the current strategy period 2020 to 2024 was characterized by geographic expansion. As part of the objective "from Lake Geneva to Lake Constance", the bank has built up or further strengthened its presence with new branches in the canton of Zurich, French-speaking Switzerland, north-western Switzerland and eastern Switzerland. In this context, it opened a total of 14 new branches and created 185 new full-time positions.
©Keystone/SDA
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