Liechtensteinische Landesbank reported a slight net profit increase to CHF 90.16 million for H1 2024, despite a decline in net interest income. Mobilezone Holding AG, with a market cap of CHF 591.87 million, generated sales of CHF 727.71 million in Germany and CHF 291.80 million in Switzerland, offering a 3.62% dividend yield, though its dividends have been deemed unreliable over the past decade. Meanwhile, Banque Cantonale Vaudoise maintains a stable dividend yield of 4.83%, supported by a payout ratio of 78.7%, despite a slight decline in net profit.
EFG Bank has appointed Dr. Urs Buchmann as vice chairman and Ashish Gumashta as a member of its Regional Asia Advisory Board, enhancing its strategic focus in the Asia Pacific and Global South Asia markets. Buchmann, with over 30 years of experience in Greater China, previously held a senior role at Credit Suisse, while Gumashta brings extensive expertise from the Indian market, having served as managing director at Motilal Oswal and CEO of Julius Baer, India. Their appointments are expected to significantly contribute to EFG's growth strategy in the region.
EFG International has appointed two new executives for its Asia business, enhancing its presence in the region. Buchmann, formerly of Credit Suisse, and Gumashta, with over 30 years in banking focused on India, will leverage their expertise to drive growth. Following the announcement, EFG's share price dipped 1.12% to CHF 11.49 on the SIX.
EFG International has expanded its Asia Advisory Board by appointing Urs Buchmann as Vice Chairman and Ashish Gumashta as a board member. Both bring over 30 years of regional experience, with Buchmann previously at Credit Suisse and Gumashta at Julius Baer, to enhance the bank's growth strategy in Asia, particularly focusing on China and India.
Boris Collardi, Chairman of EFG International's Regional Asia Advisory Board, has appointed Urs Buchmann and Ashish Gumashta to strengthen the board. Buchmann, a former Vice Chairman at Credit Suisse in Hong Kong, and Gumashta, with extensive experience in the Indian market, will help drive EFG's growth strategy in Asia. As competition intensifies, particularly from Hong Kong and Singapore, EFG aims to expand its presence in the booming Asian wealth market.
EFG International has appointed Urs Buchmann as Vice Chairman of its Asia business and Ashish Gumashta to its advisory team, effective immediately. Buchmann, formerly with Credit Suisse, has extensive experience in the Asia-Pacific region, while Gumashta brings over 30 years of banking expertise, particularly in the Indian market.
EFG International has appointed Urs Buchmann as Vice Chairman of its Asia business and Ashish Gumashta to its advisory team, effective immediately. Buchmann, formerly with Credit Suisse, has extensive experience in the Asia-Pacific region, while Gumashta brings over 30 years of banking expertise, particularly in the Indian market.
The Swiss market has shown resilience, with the SMI index rising by 0.93%. Among the top dividend stocks, Cembra Money Bank leads with a yield of 5.11%, while Berner Kantonalbank offers a stable 4.3% yield, supported by a low payout ratio. However, Meier Tobler Group's dividends face sustainability concerns due to high payout ratios and declining sales.
Luzerner Kantonalbank has demonstrated steady dividend growth over the past decade, supported by a manageable payout ratio of 46.5% and a net profit of CHF 144.73 million in the first half of 2024. With a dividend yield of 3.89%, it remains a stable option for investors, despite being below the top Swiss payers. Recent valuations suggest potential undervaluation of its shares in the market.
Luzerner Kantonalbank has demonstrated steady dividend growth over the past decade, supported by a manageable payout ratio of 46.5% and a net profit of CHF 144.73 million in the first half of 2024. With a dividend yield of 3.89%, it remains a stable option among Swiss banks, despite being below the top payers. Recent valuations suggest potential undervaluation of its shares in the market.
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