efg international reports strong net flows and profit growth in 2023

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.

  • EFG International experienced net asset inflows of CHF 7.4 billion ($8.4 billion) in the first ten months of the year.
  • The net profit exceeded CHF 260 million ($294 million).
  • The return on equity increased to 18.5% from 18.2%.
  • There was a double-digit percentage increase in net banking and commission income.
  • Revenue-generating assets under management (AUM) and client activity have increased.
  • Mandate penetration rose to over 60% from 56% in the previous year.

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