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Home/Bank Intelligence/Singapore/EFG Singapore
EFG SingaporeES
EFG Singapore review

EFG Bank AG, Singapore Branch

Our review of EFG Singapore for ultra-high-net-worth families. We researched the legal entity that holds the licence and books the account, not just the brand.

Booking centreSingapore
RegulatorMAS
Legal formBranch of EFG Bank AG
GroupEFG International
Websiteefginternational.com
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PPLI.com
Private Bank Rating
Rating in preparation

We are still preparing the rating for this bank. What we have on file so far is below.

About the rating

Part of EFG. The group card is led by EFG Bank AG, whose own rating is the group's headline rating. This booking centre is rated separately.

The rating

What the PPLI.com rating of EFG Singapore considers

This is our editorial assessment of EFG Singapore. We look at the areas below, which matter to a family deciding where to keep its assets, and weigh them together with what clients tell us and the service they get. Retail products, branches and apps play no part. The public sources we used are listed at the foot of the page.

Conduct and enforcement

What regulators, prosecutors and courts have concluded about this licence holder in recent years.

Protection of client assets

Whether custody assets are ring-fenced by law in the booking centre, whether deposits are protected, and whether the custody terms can be read before signing.

Service for complex families

The breadth of private banking services the bank publishes for this booking unit, including work with external managers and family offices.

Cost transparency

Whether a prospective client can see the tariff and the bank's policy on third party payments before asking.

Ownership and control

Whether the bank's owners are public, how official assessments rate the anti-money-laundering regime of any owner's home jurisdiction, and whether a politically exposed person holds a significant stake. The same test applies to every bank.

Client opinions and service

What clients of EFG Singapore and their advisers tell us in confidence, and the service the bank gives to families. We never publish names. Tell us about yours

PPLI.comPrivate Bank RatingRating in preparation

The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice. Read about the rating.

The record

Regulatory and legal record

What regulators, prosecutors and courts have decided, recorded against the legal entity they named, with the status, the amounts as published and a link to the original document. Claims and investigations still under way are marked as open.

20153 December 2015

Swiss Bank Program Category 2 non-prosecution agreement

EFG Bank European Financial Group SA, Geneva, and EFG Bank AG entered a joint Swiss Bank Program non-prosecution agreement. The US Department of Justice said that until 2013 EFG ran a US cross-border business that helped US clients hide accounts and income, with 919 US-related accounts since August 2008; the combined penalty was USD 29.988 million.

EFG will pay a penalty of $29.988 million.
US Department of Justice (Swiss Bank Program) · Settlement without admission · Penalty (combined for both entities; no split given) USD 30 million · Primary source
The bank at a glance

Identity, protection and services

Legal identity

Legal nameEFG Bank AG, Singapore Branch
LEI549300TBS2M2ML45V909
LicenceWholesale Bank; also Exempt Capital Markets Services Entity and Exempt Financial Adviser  Source
RegulatorMAS
Legal formBranch of EFG Bank AG
OwnerBranch of EFG Bank AG (Zurich)  Source

Ownership

Group parentEFG International AG (listed, SIX)  Source
ControlLatsis family interests (via EFG Bank European Financial Group SA), 45.8%; family owned  Source (31 December 2025)
Holder of 10% or moreEFG Bank European Financial Group SA, 45.8% in EFG International AG  Source (31 December 2025)
Holder of 10% or moreLatsis family interests, 45.8% in EFG International AG (indirectly, through EFG Bank European Financial Group SA)  Source (31 December 2025)
Holder of 10% or moreBTGP-BSI Limited (subsidiary of Banco BTG Pactual SA, listed on B3), 13.3% in EFG International AG  Source (31 December 2025)
Disclosed holdings of 3% or moreThe Capital Group Companies, Inc 3.3%  Source (31 December 2025); Belleview SA (beneficial owner: Boris Collardi) 3.3%  Source (31 December 2025)

Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.

Financial strength, as reported

Credit ratingsNot published
Capital ratioNot published
SizeNot published

Services published for this booking unit

Private clients
Discretionary management
Advisory mandates
Custody only (execution and safekeeping)
Lombard lending
Mortgage lending
Multi currency accounts
Trust and fiduciary services
Family office services
Wealth planning
Consolidated reporting
External asset manager desk

Offered at this booking centreOffered by the group, not confirmed hereNot located, which does not mean unavailable
Checked on the bank's own pages, 2 November 2026.

Access and costs

Minimum relationshipNot published
US personsNot published
Fee scheduleNot published
Third party paymentsNot published
Transfer out termsNot published

Protection of client assets

Deposit protectionWholesale banks and merchant banks are not members of the SDIC Deposit Insurance Scheme, so deposits booked here carry no Singapore deposit insurance. Only eligible Singapore-dollar deposits are insured; deposits in US dollars or other currencies are not covered.
Custody lawNot published
Custody termsNot published
Your experience

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If you bank with EFG Singapore or advise clients who do, your experience forms part of its PPLI.com rating. Every response is read by the editor and treated in strict confidence.

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Our commitment to confidentiality

Your name, email and telephone number are seen only by the PPLI.com editor. They are never published, never passed to EFG Singapore or any other bank, and never used for marketing. We may contact you once to clarify your assessment. Once verified by our editors, your assessment can lead to a disclosed adjustment of this bank's PPLI.com rating. It is never published with your name.

Sources

  1. US Department of Justice (Swiss Bank Program): justice.gov/opa/pr/justice-department-announces-efg-bank-european-financial-group-sa-genev

For EFG Singapore

Before we publish a significant negative finding, we give the bank the facts and time to comment, on the same timetable for every bank. Corrections we verify are published with the date of the change. Write to [email protected] quoting reference BK-SG-EFG-SG-EC135D.

About this file

Researched by the PPLI.com research desk from the public sources listed. The rating is our editorial opinion; read how we rate.

Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Rating signed by Noam Cohen, Editor, Bank IntelligenceReviewed 2 November 2026Methodology 2.3Reference BK-SG-EFG-SG-EC135D
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