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efg international reports record profit and expands through acquisition

Swiss wealth manager EFG International reported a 6% increase in net profit for 2024, reaching a record 321.6 million Swiss francs, driven by higher revenues and lower costs. The bank's return on equity hit 18.6%, surpassing its target, while net new money grew by 10.1 billion francs, exceeding expectations. EFG is also expanding through the acquisition of Swiss private bank Cite Gestion, which has assets under management of approximately 7.5 billion francs.
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Swiss Franc EFG International CHE Luisa Delgado Konstantinos Tsiveriotis Pericles Paul Petalas Amy Yip Stuart Robertson Prasanna Gopalakrishnan Wanda Eriksen Giorgio Pradelli Yvonne Bettkober Show more
Business & Industry, Market Report
07:41 19.02.2025

efg international reports record profit and expands with acquisition

EFG International reported a six percent increase in net profit for 2024, reaching a record CHF 321.6 million, driven by higher revenues and lower costs. The bank's return on equity hit 18.6 percent, surpassing its target, while net new money grew by 10.1 billion francs, exceeding expectations. EFG is also expanding through the acquisition of Swiss private bank Cite Gestion, which has CHF 7.5 billion in assets under management.
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Swiss Franc EFG International CHE Luisa Delgado Konstantinos Tsiveriotis Pericles Paul Petalas Amy Yip Stuart Robertson Prasanna Gopalakrishnan Wanda Eriksen Giorgio Pradelli Yvonne Bettkober Show more
Business & Industry, Market Report
07:27 19.02.2025
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