The bank, operating in a number of wealth management regions, has set out growth, profit and other financial targets until to 2028.

Swiss private bank, EFG International, said it intends to continue achieving profit growth of about 15 per cent per annum over the 2026 to 2028 strategic cycle. In its results for the first 10 months of this year, the firm said its net profit came in at about SFr320 million ($396.8 million), from SFr260 million a year before.

Zurich-listed EFG said its 2028 financial targets include net new asset growth in the region of 4 to 6 per cent; a revenue margin that is greater than 85 basis points; a cost-income ratio of 68 per cent, return on tangible equity of 20 per cent and a management floor of 12 per cent on its Common Equity Tier 1 capital ratio. It plans to hire 50 to 70 new client relationship officers a year from 2026 to 2028.

Annualised return on tangible equity was about 21.5 per cent. It booked SFr9.3 billion in net new assets, equating to an annualised growth pace of 6.8 per cent and above the firm’s target. At the end of October, assets under management stood at SFr183.7 billion – a record.

The firm also intends to achieve a dividend payout ratio of 60 per cent of net profit, it said in a statement. 

Performance
Since the start of January, shares in EFG have risen more than 34 per cent. 

“Over the past seven years we have generated strong growth and have translated this growth into profitability, delivering attractive returns to shareholders,” Giorgio Pradelli, CEO of EFG International, said. “At the same time, we have transformed EFG and positioned it for the future. Looking ahead to the 2026 to 2028 strategic cycle, we will build on our strong track record and solid foundations to unlock the full power of compounding and consistently create value for all our stakeholders.”  

Pradelli said that the option of making M&A deals remains on the table. In early October, the firm completed its purchase of all of Swiss private bank Cité Gestion, as initially announced on 19 February this year.

“We continue to look for new opportunities to further build scale through targeted M&A in markets where we already operate. We aspire to be the private bank of choice for generations of clients. To realise this aspiration, we will build on our strengths, which are centred around our client-focused CRO model and our global presence,” Pradelli said. “We plan to make targeted investments to capture new opportunities for growth, with an emphasis on client experience and branding, on commercial excellence, as well as on technology and innovation. We want to 'augment’ our CROs through even deeper collaboration with our specialist teams, through the right tools and through a strong brand to empower them to deliver best-in-class advice to our clients worldwide.”