WASHINGTON (dpa-AFX) - Swiss banker Julius Baer Group Ltd. (JBARF.PK,
JBAXY.PK) Monday said it sees annual growth in adjusted pre-tax profit in excess
of 10 percent over the 2023-2025. The company also issued an update to its
climate strategy.

In its 2023-2025 financial targets, the company expects adjusted pre-tax margin
of 28 to 31 basis points by 2025, and adjusted cost/income ratio of below 64
percent by 2025.

The company also sees adjusted return on CET1 capital of at least 30 percent
over the 2023-2025 cycle.

Julius Baer has also launched a climate strategy to reach net zero by 2050. This
includes ambitious interim targets and the decarbonisation of treasury and
proprietary portfolios.

For the long term, the company reaffirmed its commitment to achieve net-zero
emissions on its treasury, lending, and mortgage books by 2050, and on its
operational emissions by 2030.

Further, the firm said its Sustainability Report 2023 includes near-term targets
that have been validated by SBTi (Science Based Targets initiative), which
ensure that the company's efforts in reducing emissions are in line with the
goals set by the Paris Agreement.

Julius Baer further said it is supporting the two long-term reforestation
projects in Indonesia and Panama.



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