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….
EFG “disappointing” H1 performance hit by China, Eurozone
30 July 2015
Share article
Share article
Related News

What’s behind disappointing 1H22 earnings for PBs in Asia?
9 August 2022

As China property woes mount, U/HNWIs hunt for new sources of yield
4 August 2022

HSBC China to offer hedge fund investments to private bank clients
29 July 2022

Is China facing its ‘Lehman moment’? Here’s what private banks think
27 July 2022

Hong Kong alts industry anxious about reopening boundary with mainland China
12 July 2022

We will have no hesitation to enter the China onshore market: Albert Chiu of EFG Bank
8 June 2022

DBS Private Bank names new head of Greater China
8 June 2022

Bank of China (HK) hires private banking market head from HSBC
1 June 2022

China’s U/HNWIs looking for more than just asset appreciation: Ping An Bank PB
31 May 2022

HSBC GPB adding two wealth hubs in China, hiring 100
26 May 2022

CIO Weekly – Stay cautious on China despite “extreme value”: Matthew Quaife of Fidelity
19 May 2022

DBS Private Bank Greater China market head resigns
17 May 2022