EFG International Surpasses SFr200 Billion in Assets After Acquisition

The bank reported a net profit of SFr184.6 million for the first six months of the year, bolstered by a 20 percent surge in net commission income. Operating income reached SFr856.5 million, though the revenue margin compressed to 91 basis points as the prevailing interest rate environment tempered interest income. Despite these pressures, the firm’s cost/income ratio improved to 71.5 percent, and the return on tangible equity hit 22.4 percent, comfortably exceeding the 20 percent target set for 2028.

Growth remains a central theme for the group, which recorded SFr5.7 billion in net new assets—an annualized growth rate of 6.2 percent that outperformed internal targets. To sustain this momentum, EFG recruited 39 client relationship officers during the period, with an additional 33 candidates signed or under offer by the end of June. The integration of Quilvest Switzerland, which contributed SFr3.9 billion in assets under management, marks a significant step in the group's current strategic cycle. CEO Giorgio Pradelli noted that the bank is capitalizing on both organic expansion and targeted acquisitions to maintain its trajectory, even as the company works to reverse a 9 percent decline in its share price since the beginning of the year.