Julius Baer has today announced the completion of its CHF 113 million share buyback programme, launched in 2019.
Swiss regulator FINMA had asked the bank to pause the programme in March 2020 due to the pandemic.
Under it, Julius Baer repurchased a total of 2,585,000 shares at an aggregate cost of CHF 113 million. The cancellation of the shares will be proposed at the Annual General Meeting of shareholders (AGM) on 14 April.
Julius Baer will now start a new programme to buy back up to CHF 450 million of its own shares. This programme will be launched tomorrow (2 March) and will run through to February 2022. Exe...