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  1. Wealth
November 14, 2008

EFG reassures it is ‘highly profitable’

By Spear's

EFG International issues an update stating that performance for the first ten months of 2008 is up on the same period in 2007.

EFG International says that its performance for the first ten months of 2008 is up on the same period in 2007 and “remains an efficient and highly profitable business”, with a strong balance sheet and “excellent” liquidity.

In the ten months to end-October, income was some 16 percent higher than for the same period in 2007. EFG International has met its target of 675 CROs for end-2008. The number of CROs is presently 686, up 132 since the end of last year. Furthermore, it has the strongest pipeline in its history, and expects to exceed 700 CROs by the end of this year.

For further details visit thewealthnet

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