Swiss Bank EFG Warns of Weakening Dollar as Net Profit Jumps 36%

(Bloomberg) – EFG International AG said that a weakened dollar exceeded the value of their assets in the first half of the year ($ 14.8 billion), as the Swiss Bank declared a 36% profit on net profit.

Zurich -based firm said on Wednesday that revenue -generating assets fell to 162.3 billion francs by 2% compared to the previous year.

CEO Giorgio Pradelli, “the next challenges, especially the structural weakness of the US dollar and the expected interest rate deductions,” he said. “The only way to reduce is to be more productive, to increase net commission income and to reduce the cost of cost income. I am not afraid of silver bullets.”

With 45 % shares, Greece’s Latsis family, Julius Baer Group Ltd. And he is the main shareholder of EFG, who compete with Swiss Rules of Service, such as Vontobel. Earlier this year, the Bank said that he had bought a smaller rival Cité Jestion in an agreement that would add about 7.5 billion francs to assets under administration. In May, Pradelli said Bloomberg TV that the bank made a discovery for purchases, but saw a lack of targets.

Net income rose to 221 million francs in the first half of 2025 and was supported by the recovery of insurance. 5.4 billion Frank net added new assets. The bank’s shares won up to 5.2% on Wednesday.

EFG also said that by the end of July 2026, it will take back 9 million shares worth 140 million francs. Movement will neutralize the dilution of new shares given as part of variable compensation for personnel and management.

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