EFG International AG
SIX:EFGN
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EFG International AG
EFG International AG, hailing from the financial heart of Zurich, is an emblem of private banking excellence with its roots embedded firmly in the global financial system. Founded in 1995, it has swiftly crafted a reputation for leveraging personalized banking solutions to serve high-net-worth individuals and institutional clients. Operating in over 40 locations worldwide, EFG International demonstrates its prowess by offering a mosaic of services from wealth management to investment solutions. The firm thrives on cultivating close relationships with its clients through its seasoned relationship managers, who possess the unique ability to tailor financial services to individual needs. This relationship-centric approach is a hallmark that allows EFG to navigate the complexities of global wealth management seamlessly.
EFG International’s story of financial vitality is etched in its adeptness at weaving together traditional banking practices with cutting-edge financial innovation. The company channels its efforts into not only safeguarding its clients' capital but also enhancing it through astute investment strategies and advisory services. By capitalizing on its strong advisory arm, the firm offers customized portfolio management solutions, structured products, and lending services, which serve as the backbone of its revenue streams. Additionally, EFG's proactive engagement in acquiring synergistic entities extends its geographical and operational footprint, broadening its access to new clienteles and markets. In this way, EFG International harmonizes the artistry of finance with the science of personalized service, perpetually driven by the dynamic interplay of client intimacy and financial acumen.
EFG International AG, hailing from the financial heart of Zurich, is an emblem of private banking excellence with its roots embedded firmly in the global financial system. Founded in 1995, it has swiftly crafted a reputation for leveraging personalized banking solutions to serve high-net-worth individuals and institutional clients. Operating in over 40 locations worldwide, EFG International demonstrates its prowess by offering a mosaic of services from wealth management to investment solutions. The firm thrives on cultivating close relationships with its clients through its seasoned relationship managers, who possess the unique ability to tailor financial services to individual needs. This relationship-centric approach is a hallmark that allows EFG to navigate the complexities of global wealth management seamlessly.
EFG International’s story of financial vitality is etched in its adeptness at weaving together traditional banking practices with cutting-edge financial innovation. The company channels its efforts into not only safeguarding its clients' capital but also enhancing it through astute investment strategies and advisory services. By capitalizing on its strong advisory arm, the firm offers customized portfolio management solutions, structured products, and lending services, which serve as the backbone of its revenue streams. Additionally, EFG's proactive engagement in acquiring synergistic entities extends its geographical and operational footprint, broadening its access to new clienteles and markets. In this way, EFG International harmonizes the artistry of finance with the science of personalized service, perpetually driven by the dynamic interplay of client intimacy and financial acumen.
Record Profitability: EFG delivered record underlying net profit of nearly EUR 250 million for 2022, up almost 50% year-on-year.
Strong Capital Position: The core Tier 1 ratio stands at 16.6% after reclassification, well above the new 12% minimum set for the next planning cycle.
Dividend Increase: The bank proposed a dividend of EUR 0.45 per share, a 25% increase compared to last year.
Cost Discipline: Cost-to-income ratio improved to 75.4%, nearly 5 percentage points better than 2021, with underlying costs flat year-on-year.
Net New Assets: Net new assets were EUR 4.2 billion for 2022, with consistent growth despite client deleveraging and market headwinds.
Strategic Plan Success: EFG completed its 2019–2022 strategic plan, achieving all targets, and enters the 2023–2025 period with a focus on sustained growth and digital acceleration.
Capital Deployment: The bank maintains excess capital for potential acquisitions, with a clear focus on value-accretive add-on deals.
