Brief: EFG International 10-month Net Profit Up At CHF 240 Million

EFG International AG

16/11/2023 06:09

Nov 16 (Reuters) - EFG International AG  EFGN.S :
    * EFG INTERNATIONAL AG - NET PROFIT EXCEEDED CHF 240 MILLION
(NOT
2401) IN THE FIRST TEN MONTHS OF 2023, REFLECTING CONSISTENT
PROFIT GENERATION THROUGHOUT THE YEAR (H1 2023: CHF 147.6
MILLION)
    * EFG INTERNATIONAL AG - COST/INCOME RATIO IMPROVED TO
APPROXIMATELY 74% FOR THE FIRST TEN MONTHS OF 2023, COMPARED TO
76% FOR THE FULL YEAR 2022
    * EFG INTERNATIONAL AG - NET NEW ASSETS TOTAL CHF 5.2
BILLION FOR
THE YEAR TO DATE, CORRESPONDING TO AN ANNUALISED GROWTH RATE OF
4.2%;
    * EFG INTERNATIONAL AG - ASSETS UNDER MANAGEMENT TOTAL CHF
144.1
BILLION FOR THE YEAR TO DATE, COMPARED TO CHF 143.1 BILLION AT
END-2022
    * EFG INTERNATIONAL AG - EFG HAS DECIDED TO REPURCHASE UP TO
3
MILLION ADDITIONAL EFG SHARES BY END-APRIL 2024 TO FUND VARIABLE
DEFERRED SHARE-BASED EMPLOYEE COMPENSATION.
    * EFG INTERNATIONAL AG - CET1 CAPITAL RATIO OF APPROXIMATELY
17.4%
AT END-OCTOBER INCREASED COMPARED TO END-JUNE 2023

Source text for Eikon:  ID: 
Further company coverage:  EFGN.S 

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