EFG International: Reclassification of a portfolio of financial assets Donnerstag, 22. Dezember 2022 - 07:05

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 22 DECEMBER 2022

EFG International is today announcing an accounting change related to its holdings of fixed income securities in connection with the new capital management framework* that it recently presented. As a result of this change, EFG will reclassify a portfolio of financial assets from “financial assets measured at fair value through other comprehensive income” to “other financial assets measured at amortised cost”, effective 01 January 2023. This reclassification will help to reduce volatility in the Group’s regulatory capital and will have no impact on its income statement.