July 24, 2019 / 5:33 AM / 2 months ago

EFG reports increase in assets under management in H1

ZURICH, July 24 (Reuters) - EFG International said assets under management during the first half of the year increased 12% to 147.6 billion Swiss francs ($149.62 billion) at the end of 2018, the private bank said on Wednesday

But the bank’s net profit fell to 31.5 million francs from 46.4 million francs during the first half as it continued to tackle legacy issues surrounding its life insurance portfolio. ($1 = 0.9865 Swiss francs) (Reporting by John Revill, editing by Riham Alkousaa)

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