Net profit attributable to shareholders rose to 184.6 million Swiss francs in the first six months of the year. Adjusted for one-off items in the prior-year period, this represents an increase of 5 percent. Assets under management stood at 196.3 billion Swiss francs at the end of June, up 21 percent from a year earlier. Following the completion of the acquisition of Zurich-based private bank Quilvest on 21 July, EFG’s assets under management exceeded the 200-billion-Swiss-franc milestone.

Net new assets reached 5.7 billion Swiss francs, corresponding to an annualised growth rate of 6.2 percent, above the bank’s strategic target range of 4 to 6 percent. It also marked the 15th consecutive half-year of positive net inflows. Continental Europe and the Middle East recorded particularly strong growth, with 2.3 billion Swiss francs in net new assets, while the Asia-Pacific region contributed 2.2 billion Swiss francs.

Interest margins declining

Operating income increased to 856.5 million Swiss francs. The main driver was fee and commission income, with net banking fee and commission income rising 20 percent to 433.7 million Swiss francs. By contrast, net interest income continued to be affected by the lower interest rate environment, with interest margins declining.

The cost-income ratio improved to 71.5 percent from 73.1 percent in the second half of 2025. At the same time, EFG generated a return on tangible equity of 22.4 percent, comfortably exceeding its strategic target of 20 percent. The Common Equity Tier 1 capital ratio increased to 15.0 percent, while the total capital ratio rose to 18.3 percent.

EFG also continued to expand its front-office workforce. During the first half of the year, the bank hired 39 Client Relationship Officers, while a further 33 had either signed contracts or received employment offers by the end of June. As of the end of June, EFG employed 771 Client Relationship Officers and had a total workforce of 3,299 employees.

Despite ongoing geopolitical uncertainties, the bank remains optimistic about the remainder of the year. EFG expects pressure on interest margins to ease. With assets under management now exceeding 200 billion Swiss francs, the bank anticipates greater operational leverage and reaffirmed the targets set out in its 2026–2028 strategic plan.