The Group aims to achieve sustainable growth, with revenues expanding by 4-5% and operating profit by 5-8% per year. The long-term targets are 13-14% for ROE, 57-59% for cost/income and 13% for the Tier 1 capital ratio. These strategic objectives should be viewed from a multi-year perspective.
In the coming years, the Bank intends to pay a stable ordinary dividend, which may rise gradually within a range of CHF 20 to CHF 25 per share, depending on business growth. Furthermore, it will optimize equity by making an additional annual distribution of CHF 10 per share. As announced at the end of 2008, the Bank plans to maintain this distribution level for the next four to five years barring any significant changes in the economic or regulatory environment.
Our vision for BCV is informed by two of our core values: close ties to our customers and professionalism in our staff. These values guide us in the pursuit of our ultimate goal of creating value for clients, shareholders and employees.