ZURICH, March 15 Swiss private bank EFG
International on Wednesday posted full-year net profit
of 339.3 million Swiss francs ($336.7 million), far ahead of
analysts' estimates as it now expects to pay 277.5 million
francs less to buy BSI Bank.
The average estimate in a Reuters survey of four analysts
was for net profit of 13.8 million francs. EFG said it now
expects the final price to buy BSI from Grupo BTG Pactual SA
to be 783.9 million francs "subject to BTG's
expected objection and, if necessary, verification by an
Zurich-based EFG, whose largest shareholder is Greece's
Latsis family, said assets under management fell to 144.5
billion francs at year's end and proposed a dividend for 2016 of
0.25 francs per share, matching the median survey estimate.
($1 = 1.0078 Swiss francs)
(Reporting by Joshua Franklin, editing by John Miller)