Hello... can anyone shed some light on EFG?
At the current stage it is not clear to me who is what as far as the bank located in Gva (EFG International)- is it a Greek bank which operates in CH? Is it a branch or subsidiary of a Greek bank?...

Please feel free to answer privately if you must (we wouldn't want to expose EF to retaliation from the banking community now, wouldn't we?).

Thank you - beers on me if I'm in ZH (sat 12th) or Gva...

Thx

P.

I had checked them out 8-9 months ago..
They are a Swiss bank headquartered in Switzerland but owned by a wealthy Greek family

I have checked bloomberg.. since it s a private company, there is not much info

EFG Eurobank May Say Second-Quarter Profit Dropped 60%: Outlook
2009-08-20 12:10:44.322 GMT


By Natalie Weeks
Aug. 20 (Bloomberg) -- EFG Eurobank Ergasias SA, Greece’s
second-biggest lender by assets, may say second-quarter profit
declined 60 percent as the bank set aside more money for
possible bad loans.
Net income probably fell to 89 million euros ($126.6
million) from 221 million euros a year earlier, according to the
median estimate of eight analysts Bloomberg News surveyed by
telephone and e-mail. Loan-loss provisions may have more than
doubled to 278.5 million euros, according to the survey.
Eurobank reports earnings Aug. 27 after the Athens Stock
Exchange closes. The following is a table of analysts’
estimates. The figures are in millions of euros.

*T
2nd Qtr Forecast 2nd Qtr 2009

2008 Median Avg. High Low

Interest Income 590.0 578.5 578.9 591.0 565.0
Fees 160.5 104.0 105.0 111.0 98.0
Total Revenue 810.0 768.0 773.7 812.0 761.0
Operating Costs 401.0 375.0 374.8 382.0 365.0
Provisions 136.0 278.5 282.6 319.0 270.0
Net Income 221.0 89.0 92.9 120.0 86.0

First-Half Forecast First-Half 2009
2008 Median Avg. High Low

Interest Income 1,156.0 1,122.5 1,123.0 1,135.0 1,109.0
Fees 309.0 199.0 200.9 212.0 193.0
Total Revenue 1,596.0 1,493.0 1,499.0 1,537.0 1,485.0
Operating Costs 776.0 737.0 736.8 744.0 727.0
Provisions 263.0 541.5 546.0 582.0 533.0
Net Income 436.0 170.0 174.2 204.0 167.0


*T

The brokerages and banks surveyed were: Cheuvreux, Citigroup
Inc., Euroxx Securities, HSBC Pantelakis Securities, Marfin
Analysis, National P&K Securities SA, Proton Bank, UBG AG.

-- Editor: Peter Branton

Attached Thumbnails

 

had some dealings with them - never had any problems to be honest

Confirm earlier posting: Swiss Bank having wealthy Greek owners (Family Latsis). For other owners, see: http://ge.ch/hrcintapp/externalCompa...ofrcLanguage=1

Moody's rating A2 (unsure how up to date).

EFG have expanded rapidly and recruited intensively. Also very active in Dubai (draw your own conclusions) and elsewhere in Middle East, etc..

Paris Hilton, Paris Latsis and other family details
http://en.wikipedia.org/wiki/Paris_Latsis

neither EFG Eurobank nor EFG International, which is the Swiss-based private bank, are private companies. Both are listed: Eurobank in Athens and EFG Intl in Zurich. They are, however, both linked to the Latsis family, who have a major shareholding.

Paul, the private bank's based in Geneva and Zurich but I think most of management is in Zurich. It's a Swiss bank, regulated by Finma. They bought a couple hedge-fund-of-fund things like CMA a few years back. On structured products, have you seen this:
http://www.efgfp.com/en/?

u r rite.. i checked the holding company EFG group

I would never recommend EFG to someone. There are many nice
other banks around in Zurich & Geneva, working more professionally than EFG.

Can't recommend it.

Ahhh... bankers...

Greece <> Latsis holdings <> EFG PB.

exactly...EFG International is the Swiss bank. I tend to refer to it as the private bank, although I know they do other stuff as well but my understanding of the structured product, hedge fund and trading stuff is it's mostly client-driven. But there is no way of knowing whether that's true unless you work for EFG.