23-07-2025
Swiss Bank EFG Warns of Weakening Dollar as Net Profit Jumps 36%
EFG International AG said a weakening dollar mostly eroded the value of its assets by 11.7 billion Swiss francs ($14.8 billion) in the first half of the year as the Swiss bank reported a 36% gain in net profit.
Revenue-generating assets shrank 2% from a year earlier to 162.3 billion francs, with net new assets and favorable market performance helping cushion the foreign-exchange impact, the Zurich-based firm said in a statement on Wednesday.
