Brief: EFG International 4M24 Net Profit Exceeds CHF 110 Million

EFG International AG

28/05/2024 06:06

May 28 (Reuters) - EFG INTERNATIONAL AG  EFGN.S :
    * 4M24: NET PROFIT EXCEEDS CHF 110 MILLION
    * ASSETS UNDER MANAGEMENT TOTALLED CHF 157.5 BILLION AT
END-APRIL
2024 AND ROSE BY 11% COMPARED TO CHF 142.2 BILLION AT END-2023
    * COST/INCOME RATIO IMPROVED TO 72.5% IN THE FIRST FOUR
MONTHS OF
2024
    * REVENUE MARGIN WAS 96 BASIS POINTS IN THE FIRST FOUR
MONTHS OF
2024, COMPARED TO 99 BASIS POINTS FOR THE FULL YEAR 2023
    * NET NEW ASSETS TOTALLED CHF 3.6 BILLION FOR THE FIRST FOUR
MONTHS OF 2024, CORRESPONDING TO AN ANNUALISED NET NEW ASSET
GROWTH RATE OF 7.6%
    * AS OF END-APRIL 2024, EFG’S COMMON EQUITY TIER 1 (CET1)
RATIO
WAS 17.4%, COMPARED TO 17.0% AT END-2023
    * 4M EFG’S TOTAL CAPITAL RATIO WAS 21.2%, COMPARED TO 21.0%
AT
END-2023

Further company coverage:  EFGN.S 

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