Zurich-headquartered private banking group EFG International reports positive financial results for the first quarter of 2026.

EFG International has posted record net profit in excess of SFr130 million ($166 million) in the first four months of 2026, higher than in the same period last year. The annualised return on tangible equity increased to more than 23 per cent in the first four months of 2026, compared with 18.2 per cent for 2025 and above 21 per cent in the first four months of 2025.

The bank attracted net new assets of SFr3.7 billion, corresponding to an annualised growth rate of 6 per cent, at the upper end of EFG’s target range of 4 to 6 per cent.

Assets under management reached a record SFr190.2 billion at the end-April 2026, up 3 per cent compared with SFr185 billion at end-2025 and up 19 per cent compared with SFr159.2 billion in April 2025. AuM growth in 2026 was driven by strong net new assets and market performance, with muted foreign exchange effect in the period, the bank said in a statement.

There was strong hiring momentum with 25 client relationship officers (CROs) joining EFG in the first four months of 2026 and a further 26 CROs signed or under offer. The revenue margin was 93 basis points in the first four months of 2026, compared with 97 basis points for the first four months of 2025 and 93 basis points in the second half of 2025

The cost/income ratio reached about 70 per cent in the first four months of 2026, marginally better than the first four months of 2025 and better than 73.1 per cent in the second half of 2025. There was also a strengthened capital position, with a CET1 Ratio of 14.7 per cent, up from 14 per cent at the end of 2025, and a Total Capital Ratio of 18.1 per cent (end-2025: 17.3 per cent).

“We had a strong start into the new strategic cycle, supporting our clients as they navigate geopolitical uncertainty and market volatility,” Giorgio Pradelli, CEO of EFG International, said. “EFG generated record profitability and attracted net new asset inflows at the upper end of our target range in the first four months of 2026, with positive contributions from all our regions and strong growth in Continental Europe and Middle East and in Asia Pacific.

“Our ability to deliver consistent performance against the backdrop of a persistently complex operating environment demonstrates the strength of our business model. In the first four months of 2026, we delivered resilient revenue growth, we maintained our disciplined approach to costs, we progressed in the integration of recent acquisitions and we continued to de-risk legacy matters,” he added.