Despite slowdown in global profits, EFG reports strong double-digit profit growth in Asia

25 July 2012 | 2 minutes read

Despite “strong, double-digit” growth in its Asian business, EFG International reported a 5% dip in net profits for its global operations in the first half of 2012. With net profits slipping to CHF53.1 million (US$53.4 million), from CHF55.9 million (US$56.1 million) a year ago, EFG has decided to continue its strategy of exiting non-private banking businesses. EFG Asset Management, meanwhile,…

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