Ayvens 2029 strategic plan: Aim for excellence. Execute better, every day.
Ayvens 2029 strategic plan (1) : upgrading financial targets
Return on Tangible Equity (ROTE) between 14% and 16% in 2029 vs. ROTE between 13% and 15% in PowerUP 2026
CET 1 ratio at c. 12.5% vs. CET 1 ratio c. 12% in PowerUP 2026
Cost-to-income ratio improving by 4 pp at c. 49% in 2029, including a decrease in operating expenses vs. 2026 cost-to-income ratio2 at c. 53% equivalent to underlying cost-to-income ratio3 at c. 52% in PowerUP 2026
Dividend payout ratio between 50% and 60% plus return of excess capital vs. dividend payout ratio at 50% in PowerUP 2026
“I am pleased to share today Ayvens 2029 strategic plan.
As the execution of the PowerUP 2026 plan is about to reach its successful conclusion with the integration of ALD and LeasePlan and the delivery of strong financial results, Ayvens will now enter into a new development phase based on resuming profitable growth and putting operational excellence at the heart of all our processes and actions.
The execution of this strategic and financial roadmap will lead to strong value creation for all stakeholders and upgraded financial targets, notably a Return on Tangible Equity in the range of 14% to 16%.
I would like to thank our employees for their unwavering commitment and professionalism to better serve our customers every day.”
1 Ayvens’ Board of Directors, under the chairmanship of Pierre Palmieri, met on 18 September 2026 and approved the Ayvens 2029 strategic plan and its financial targets. 2 Reported cost-to-income ratio excluding net UCS result and hyperinflation 3 Reported cost-to-income ratio excluding net UCS result, hyperinflation, PPA, non-recurring impacts from treasury activities, CTA and other non-recurring items
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