Swiss private bank EFG International Friday said in an unscheduled trading statement that it is on track to report higher full-year net profit, sounding a rare optimistic note in the badly beaten banking sector.

The Zurich-based bank said that operating income rose 16% on the year over the first 10 months, with activity levels having picked up in October after a subdued August and September. EFG didn't offer detailed figures.

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EFG upbeat on 10-month performance

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