May 24, 2018 / 6:11 AM / 11 days ago

Vontobel aims to boost targets after Notenstein takeover

ZURICH, June 11 (Reuters) - Swiss bank Vontobel aims to increase its 2020 return on equity target after its 700 million Swiss franc ($710 million)takeover of private bank Notenstein La Roche, finance chief Martin Sieg told an investor presentation on Monday.

The bank was reviewing its ROE target, which now stands at 12 percent. "We should get to a higher number", he said, adding more details would emerge with half-year results on July 27. ($1 = 0.9848 Swiss francs) (Reporting by Rupert Pretterklieber; Writing by Michael Shields; editing by Brenna Hughes Neghaiwi)

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