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Home/Bank Intelligence/Switzerland/EFG
EFGE
EFG Switzerland review

EFG Bank AG

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

Booking centreSwitzerland
RegulatorFINMA
Legal formLocally incorporated subsidiary
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
The group

EFG in 2 booking centres

The headline rating of EFG is the rating of its parent licence holder shown above. Each booking centre is rated separately: the licence holder's record is shared by its branches, while protection, services and costs depend on where the account is booked.

EFGE
EFG Bank AGGroup leadSwitzerlandRating in preparation
EFG SingaporeES
EFG Bank AG, Singapore BranchSingaporeSingaporeRating in preparation
The rating

What the PPLI.com rating of EFG considers

This is our editorial assessment of EFG. 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 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
Matters concerning other entities in the group (1)
202022 October 2020

BSI 1MDB case: disgorgement of profits reassessed from CHF 95 million to CHF 70 million

After the Federal Administrative Court in November 2019 upheld FINMA's finding of serious supervisory law violations at BSI but rejected its profit calculation, FINMA ordered CHF 70 million confiscated instead of the original CHF 95 million and stated the case was closed. BSI's Swiss business had been integrated into EFG Bank AG in 2017; the release does not name EFG Bank AG.

respondent (predecessor business BSI)

an amount of CHF 70 million be confiscated instead of the original CHF 95 million
FINMA (reassessment after Federal Administrative Court judgment) · Final decision · Disgorgement originally ordered (2016) CHF 95 million; Disgorgement after reassessment CHF 70 million; Amount vacated CHF 25 million · Primary source
The bank at a glance

Identity, protection and services

Legal identity

Legal nameEFG Bank AG
LEI549300TBS2M2ML45V909
LicenceBank  Source
RegulatorFINMA
Legal formLocally incorporated subsidiary
OwnerEFG Bank AG is a wholly owned subsidiary of EFG International (per EFG's 10 April 2017 release).  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
CET1 ratio15.6% (2025-10-31)  Source
assets under managementapproximately CHF 183.7 bn (2025-10-31)  Source

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 protectionAll banks with a Swiss office must be members of esisuisse: privileged deposits are protected up to CHF 100,000 per client per bank, including non-resident clients and foreign currency deposits, within a system cap.
Custody lawSwiss Banking Act art. 37d: custody assets held for clients are separated from the bankrupt bank's estate and handed over to the clients, with privileged deposits protected under arts. 37a and 37h.
Custody termsNot published
Your experience

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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 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
  2. FINMA (reassessment after Federal Administrative Court judgment): finma.ch/en/news/2020/10/20201022-mm-bsi-gewinneinziehung

For EFG

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-CH-EFG-432B70.

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-CH-EFG-432B70
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