Swiss lender EFG posts 10% rise in net profit, robust inflows

Swiss private bank EFG International (EFGN.S), opens new tab said on Wednesday net profit grew by 10% to a record 162.8 million Swiss francs ($182.7 million) in the first half of 2024, posting target-beating asset inflows over the period.

EFG said inflows had reached 5.2 billion francs by the end of June for an annualised growth rate of 7.3%, exceeding its target range of 4‑6%, as CEO Giorgio Pradelli said the bank aimed to pursue acquisitions if conditions are right.

Source: REUTER