{
EFG International

Companies

}
001122334455554433221100
001122334455554433221100

efg international reports record profits and strong asset growth in 2024

EFG International achieved record financial results in 2024, with net income rising 6% to 321.6 million Swiss francs and pre-tax profit up 14% to 381.4 million Swiss francs. The bank reported net new asset inflows of 10.1 billion Swiss francs, boosting total assets under management to 165.5 billion Swiss francs, a 16% increase. A proposed dividend of 0.60 Swiss francs per share marks a 9% rise from the previous year, while the acquisition of Cité Gestion is set to enhance EFG's market presence, pending regulatory approval.
bluerating.com
Swiss Franc EFG International CHE Luisa Delgado Konstantinos Tsiveriotis Wanda Eriksen Giorgio Pradelli Yvonne Bettkober Show more
Business & Industry, Market Report
09:15 19.02.2025

EFG International announces board nominations and reports profit increase in 2024

EFG International has nominated four new members for its Board of Directors ahead of the Annual General Meeting on March 21, 2025. The bank reported a 6% increase in net profit to CHF 321.6 million for 2024 and announced the acquisition of Geneva-based Cité Gestion, which managed CHF 7.5 billion in assets. Additionally, EFG experienced a strong inflow of new client assets, totaling CHF 10.1 billion, significantly exceeding its targets.
finanzen.ch
Swiss Franc Safilo Group S.p.A. VOLKSWAGEN AG Gestron Asset Management SA EFG International CHE ITA LUX Luisa Delgado Wanda Eriksen Yvonne Bettkober Konstantinos Tsiveriotis Show more
Business & Industry, Market Report
09:13 19.02.2025

EFG International reports profit growth and acquires Geneva private bank

EFG International reported a 6% increase in net profit for 2024, reaching CHF 321.6 million, and announced a higher dividend of 60 centimes per share. The bank also acquired Geneva-based Cité Gestion, which managed CHF 7.5 billion in assets and generated a net profit of CHF 6 million. Additionally, EFG experienced a strong inflow of new assets totaling CHF 10.1 billion, significantly exceeding its targets.
Moneycab
Swiss Franc Cité Gestion SA EFG International CHE
Business & Industry, Market Report
08:52 19.02.2025

EFG International reports record profits and acquires Cité Gestion

EFG International reported a record net profit of 322 million francs, a 6% increase from the previous year, and announced the acquisition of Geneva-based Cité Gestion, which manages 7.5 billion francs in assets. The firm also achieved new asset inflows of 10.1 billion francs, exceeding its target, and plans to raise its dividend from 55 to 60 cents. EFG's stock has gained 8% this year, reflecting strong business performance and strategic investments.
Corriere del Ticino
Swiss Franc Cité Gestion SA EFG International CHE Giorgio Pradelli
Business & Industry, Market Report
08:39 19.02.2025

EFG announces restructuring of its Board of Directors

EFG has announced a reorganization of its Board of Directors, signaling a strategic shift within the company. This move is expected to enhance governance and align the board's structure with the firm's future objectives. Further details on the changes have yet to be disclosed.
news.google.com
EFG International CHE
Business & Industry, News Article
08:27 19.02.2025

efg international reports profit growth and plans acquisition of cite gestion

EFG International has reported a rise in profits and announced plans to acquire the private bank Cité Gestion. The acquisition is part of the company's strategy to expand its operations and enhance its service offerings in the private banking sector.
msn.com
EFG International CHE
Business & Industry, Market Report
08:25 19.02.2025

efg international to acquire cité gestion enhancing swiss market presence

EFG International is set to acquire 100% of Geneva-based Cité Gestion, enhancing its capabilities in Switzerland. The deal, expected to close in the second half of 2025 pending regulatory approval, is projected to be EPS accretive by 2026, despite a 100 basis point impact on CET1 capital. Cité Gestion, managing approximately 7.5 billion francs in assets, generated a net profit of around 6 million francs in 2024 and employs about 130 staff across its Swiss offices.
finews.asia
Swiss Franc Cité Gestion SA EFG International CHE
Business & Industry, Market Report
08:16 19.02.2025

efg international reports record profit and plans board changes

EFG International reported a six percent increase in net profit for the 2024 financial year, reaching 321.6 million Swiss francs, driven by higher revenues and lower costs. The company plans to acquire Cité Gestion and has nominated four new members for its Board of Directors ahead of the Annual General Meeting on March 21, 2025. A recent analysis raises questions for shareholders about whether to buy or sell EFG shares.
Börse Express
Swiss Franc EFG International CHE
Business & Industry, Market Report
08:15 19.02.2025

efg international reports profit increase and plans cité gestion acquisition

EFG International reported a net income of 321.6 million Swiss francs ($356 million) for 2024, marking a 6% increase from the previous year. The bank is set to acquire Cité Gestion, a Swiss private bank with approximately 7.5 billion francs in assets, with the deal expected to close in the second half of 2025, pending regulatory approval. EFG also achieved net new assets of 10.1 billion Swiss francs, surpassing its growth target.
MarketScreener
Swiss Franc EFG International CHE
Finance & Economy, Market Report
08:00 19.02.2025

efg international reports profit increase and plans cité gestion acquisition

EFG International reported a net profit of 321.6 million Swiss francs ($356 million) for 2024, marking a 6% increase from the previous year. The firm is set to acquire Swiss private bank Cité Gestion, which has assets under management of approximately 7.5 billion francs, with the deal expected to close in the second half of 2025, pending regulatory approval. EFG also achieved net new assets of CHF 10.1 billion, surpassing its growth target.
Zonebourse
Swiss Franc EFG International CHE
Business & Industry, Market Report
07:55 19.02.2025
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