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EFG International updates on the integration of BSI and announces increase in targeted cost synergies

Zurich, 8 December 2016. After the successful closing of the BSI acquisition announced on 1 November 2016 and the full operational integration of BSI in Singapore in mid-November, EFG International today further updates on the integration process and announces an increase in targeted fully phased cost synergies of CHF 55 million to approx. CHF 240 million by 2019.

08 December 2016

EFG International announces redemption of two notes on their first optional call date

Zurich, 22 November 2016. EFG International today gave notice to the holder of its EUR 67’604’000 8 per cent Resettable Guaranteed Subordinated Notes due 2022 (ISIN: XS0732522023) issued by EFG International (Guernsey) Limited and of its USD 100’000’000 5.25 per cent Fixed to Floating Rate Subordinated Notes due 2021 (ISIN: CH0145635766) issued by BSI AG, Nassau Branch of redemption of all of the notes at their principal amount together with interest accrued to the date of redemption at their respective first optional call date.

22 November 2016

EFG International announces completion of operational integration of BSI in Singapore

Zurich, 15 November 2016. EFG International today announces that it has completed the operational integration of BSI in Singapore by way of an asset deal.

15 November 2016

EFG International updates on BSI first-half 2016 results

Zurich, 10 August 2016. BSI performance in the first half 2016 reflected the difficult market environment, the negative impact of the regulatory actions in Asia and a high number of exceptional items. As of 1H 2016, consideration to be paid by EFG International for BSI expected to be reduced by CHF 140 million. Preparation for integration and regulatory approvals ahead of plan with completion expected in the fourth quarter of 2016.

10 August 2016

EFG International reports first-half 2016 results

Stable core private banking performance amid challenging markets and cost reduction programme exceeds targets

27 July 2016
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