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EFG “disappointing” H1 performance hit by China, Eurozone

Swiss pure play EFG International (EFG) netted profit of CHF48 million (US$49.5 million) for the first half of the year – way below market expectations – partly on the back of  “economic and market uncertainty in the Eurozone, Brazil and China.” The decision to scale back “non-strategic” lending also affected its performance, the bank said in its half-year report yesterday….

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