UBS sets ROE and cash dividend as key targets

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP

UBS AG the biggest bank in Switzerland said it will aim to reach return on equity between 12% and 17% starting from 2013. UBS AG also is planning to pay out cash dividends of 10 centimes per share. Bank is going to pay first dividends in five years and claimed that it is going shift more towards wealth management instead of investment banking. New CEO Sergio Ermotti is planning to reduce risk-weighted securities by $158 bn as bank earlier reported $2.3 bn loss on unauthorized trading.

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