* Weaker markets open up M&A opportunities

* Happy about client inflows, weaker dollar a problem

* Confident about business despite share price slump

(Adds comments on share price)

By Douwe Miedema

ST GALLEN, Switzerland (Reuters) - Swiss private bank EFG International (EFGN.S: Quote, Profile, Research) sees more chances to make acquisitions during current tough market conditions, its chairman told Reuters on Friday.

Jean Pierre Cuoni said the bank would stick to its previous acquisitions target for 2008, which called for buys worth between 10 billion Swiss francs ($9.5 billion) and 15 billion in terms of assets under management.

"We believe the difficult markets will lead to more opportunities on the acquisition front," Cuoni said in an interview. "We have a number of things in the pipeline."

EFG is a rare example of a private bank whose growth comes mainly from acquisitions, in strong contrast with mid-sized rivals in Switzerland such as Vontobel (VONN.S: Quote, Profile, Research) and Sarasin (BSAN.S: Quote, Profile, Research), whose growth is largely organic.