ZURICH, March 1 (Reuters) – Julius Baer (BAER.S) said on Wednesday it has completed the 400 million Swiss franc ($425.35 million) share buy-back program it launched in March 2022.

As part of the program, the Swiss bank repurchased almost 8 million shares at an average price per share of CHF 51.29. The cancellation of the bought back shares will be proposed at the upcoming Annual General Meeting, the bank said.

($1 = 0.9404 Swiss francs)

Reporting by Noele Illien; Editing by Kim Coghill

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