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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.
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.
Stuart Robertson
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efg international reports record profit and expands through acquisition
Swiss Franc
EFG International
CHE
Luisa Delgado
Konstantinos Tsiveriotis
Pericles Paul Petalas
Amy Yip
Stuart Robertson
Prasanna Gopalakrishnan
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Giorgio Pradelli
Yvonne Bettkober
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07:41 19.02.2025
efg international reports record profit and expands with acquisition
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
07:27 19.02.2025
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