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

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.

EFG first half profit grows on insurance settlement gains

EFG International’s profit grew in the first half of 2025, benefitting from an insurance settlement with a Taiwanese insurance firm. The Swiss private bank registered a net profit of Sfr 221.2m ($279m) in H1 2025, a 36% rise from the previous year, largely driven by a Sfr45.4m net gain from the insurance recovery. Excluding the gain from insurance settlement, the bank’s net profits grew by 8% to Sfr175.8m. Its net new assets amounted to Sfr 5.4b…

EFG Posts Record Profit From Insurance Recovery

Zurich-based EFG International saw profits in the first six months of 2025 reach a record high, driven in part by a recovery from a settlement with a Taiwanese insurance company. EFG’s net profit for the first half of 2025 grew 36 percent year-on-year to a record high of 221.2 million Swiss francs ($279.1 million), according to the bank’s financial results. This included a contribution of 45.4 million francs related to a previously announced rec…