Swiss bank EFG says 10-month profit more than 260 million Sfr

EFG International AG

20/11/2024 06:25

ZURICH, Nov 20 (Reuters) - EFG International  EFGN.S 
made a net profit "in excess" of 260 million Swiss francs
($294.18 million) in the first 10 months of 2024, the Swiss
private bank said on Wednesday.
    The results compared with a 303.2 million franc net profit
for the whole of 2023, EFG said in an update.
    The bank said it was seeing strong cash inflows, with net
new assets of 7.4 billion francs during the period, amounting to
an annualised growth rate of 6.3%.
    Assets under management rose to 159 billion francs at the
end of October, up from 142.2 billion francs at the end of 2023.

($1 = 0.8838 Swiss francs)

 (Reporting by John Revill, Editing by Miranda Murray)
 ((John.Revill@thomsonreuters.com; +41 41 528 36 37; Reuters
Messaging: john.revill.thomsonreuters.com@reuters.net))