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EFG International Reports 1st Half 2017 Results
EFG International reports CHF 138.4 billion Assets under Management at the end of first half 2017. The underlying net profit is CHF 74.5 million versus CHF 38.1 million in the first half of 2016.
” EFG International reports CHF 138.4 billion Assets under Management “
Overall net asset outflows of CHF 5.5 billion was recorded in the first of of 2017 due to de-risking of the business with accelerated pace of BSI integration. Joachim H. Straehle, CEO of EFG International:” We will be able to fully focus on management attention on driving profitable growth going forward, leveraging EFG’s enhanced position as one of the largest Swiss private banks.”
News Source: EFG International Press Release
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About EFG
European Financial Group International (SIX:EFGN) is a multinational Swiss private banking group offering private banking and asset management services. It was formed in 1995 by Jean Pierre Cuoni and Lawrence D. Howell, and five others. The genesis of the bank was by the acquisitions of both the right to operate from the Zurich office of Banque de Deposits and the Swiss operations of the Royal bank of Scotland.
- Origin : Zurich, Switzerland
- Assets : CHF 26.8 billion
- Revenue : CHF 696.7 million
- Employees : 2,600
Official Website: www.efginternational.com
News & Media: Press Release
Updated on 8th August 2016
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