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EFG International AG Bleicherweg 8 8001 Zurich Switzerland Phone +41 44 226 18 50 Fax +41 44 226 18 55 efginternational.com Media Release - ad hoc announcement pursuant to Art . 53 LR Strong NNA of CHF 6.2 bn and higher profitability ; further progress in resolving legacy matters . Zurich , 15 November 2021 ● EFG In the first nine months of 2021 , EFG significantly increased its profitability compared to the previous year period and continued to grow its business at the upper end of the target range . The bank also made further progress in resolving legacy matters as it prevails in the dispute with a Taiwanese insurance company . Strong net new asset¹ inflows of CHF 6.2 billion in the first nine months of the year , corresponding to an annualised growth rate of 5.2 % . • Assets under Management reached a new all time high of CHF 173.4 billion at end - September 2021 , compared to CHF 172.0 billion at end - June 2021 and compared to CHF 158.8 billion at end 2020 . Significantly higher underlying2 operational and underlying net profit in the first nine months of the year compared to the previous year period . Giorgio Pradelli , CEO of EFG International : " The strong net new asset growth we recorded across most regions throughout the first nine months of this year are a testimony to the trust our clients place in our services , investment solutions and in our financial stability . I am also pleased that we have made further progress in resolving legacy issues and that our efforts to deliver the full range of our services and products continued to have a positive impact on our revenues . We expect that operating leverage will continue to improve profitability and support the achievement of our 2022 strategic plan . ” EFG's revenue - generating Assets under Management increased to CHF 173.4 billion at end September 2021 from CHF 172.0 billion at end - June 2021 and from CHF 158.8 billion at end - December 2020. The increase in the third quarter 2021 was driven by solid net new asset inflows , which more than compensated for a minor negative impact from markets and foreign exchange effects , on a net basis . Net new asset inflows were CHF 6.2 billion in the first nine months of 2021 , corresponding to an annualised net new asset growth rate of 5.2 % , at the upper end of EFG's target range of 4-6 % . In absolute terms , the Switzerland & Italy and UK regions were the main drivers of growth , followed by the Continental Europe & Middle East and the Latin America regions . In the Asia Pacific Region , deleveraging in lower - margin currency - linked products led to outflows in the first nine months of the year . Excluding this effect , the Asia Pacific Region recorded positive net new asset inflows . EFG's Asset Management business also contributed significantly to the strong net new assets inflows in the first nine months of the year . In the first nine months of 2021 , EFG realised operating leverage , resulting in a significant increase of underlying operating and net profit compared to the previous year period . The strong growth in commission income , in part driven by more high - quality , recurring income from increased mandate penetration , more than offset the lower net interest income . Revenue growth was coupled with continued efficiency management actions , leading to an improved cost / income ratio , on a year - on 1/4