EFG sees profit soar 50% in 2023

EFG International AG

21/02/2024 06:10

ZURICH, Feb 21 (Reuters) - EFG International  EFGN.S  on
Wednesday reported a 50% jump in net profit to 303.2 million
Swiss francs ($344.35 million) last year, marking a record
profit for the Swiss private bank which has hired extensively
from Credit Suisse in the wake of the bank's collapse.
    Assets under management shrank slightly to 142.2 billion
from 143.1 billion francs at the end of 2022, less than the
145.5 billion estimated by analysts at Vontobel.
    The bank said the strong Swiss franc had more than offset
the inflows and positive market performance.

 (Reporting by Noele Illien, Editing by Rachel More)
 ((Noele.Illien@thomsonreuters.com; +41 41 528 39 73;))