EFG International experienced strong growth in net asset inflows and achieved a net profit exceeding CHF 260 million ($294 million) in the first ten months of the year. Although the disclosed profit figure showed a slight decrease compared to the previous year, the return on equity increased to 18.5% from 18.2%. This growth can be attributed to a double-digit percentage increase in net banking and commission income, as well as other higher income sources.
The rise in revenue-generating assets under management (AUM) and increased client activity have contributed to EFG's success. Mandate penetration has also increased, reaching over 60% compared to 56% in the previous year. These positive developments have positioned EFG International as a strong player in the financial industry.