Media releases —

News and important information from VP Bank

The new issue of the investment magazine "Telescope", entitled "Workforce shortage", examines the causes and consequences of the lack of skilled labour.

VP Bank Group’s annual report won six international awards in 2023. These awards confirm the high quality of VP Bank’s corporate communication and once again demonstrate the Bank’s exceptional creativity.

Dr Thomas Meier, Chairman of the Board of Directors of VP Bank Group, will not stand for reelection at the next Annual General Meeting after serving an ordinary term of six years. The early announcement is intended to ensure a smooth handover.

VP Bank Ltd Singapore Branch celebrates 15 years since it established its presence in Singapore in 2008. Marking this significant milestone, the bank is also proud to announce the grand opening of its new office at Singapore's latest game-changing development, Guoco Midtown – a solid reaffirmation of the Bank’s steadfast commitment to sustained business growth and success in Asia.

The VP Bank Best Paper Award 2023 was presented at the "Liechtenstein Workshop of Sustainable Finance" at the University of Liechtenstein.

VP Bank Group has remained on track despite what continues to be a challenging environment. The Group increased its operating income by 17 per cent to CHF 188.3 million and posted a semi-annual profit of CHF 25.5 million, which corresponds to an increase of 19 per cent.

As of 1 August 2023, Anja Richter will join the Management Board of VP Fund Solutions (Luxembourg) SA.

The Board of Directors of VP Bank Group appoints Adrian Schneider as the new Head of the Liechtenstein home market region and as a member of Group Executive Management as of 1 August 2023.

VP Bank is further expanding its offering of digital client services as part of its Strategy 2026. The investments made in a flexible and open IT and service architecture enable innovative third-party providers to be connected more easily and the bank’s in-house services to be developed more swiftly. Its digital range is now being gradually expanded.

At the 60th annual general meeting in Vaduz on Friday, 28 April 2023, the shareholders of VP Bank have approved all of the proposals of the Board of Directors by a large majority. The payout of a dividend of CHF 5.00 per registered share A and CHF 0.50 per registered share B was approved.

On the occasion of today’s World Fund Day, VP Fund Solutions presents current successes and trends in the fund business.

Dun & Bradstreet Worldwide has again given VP Bank Group its “Risk Indicator 1” rating of risk and creditworthiness. Dun & Bradstreet Schweiz AG presented VP Bank with the Rating Certificate for the tenth time in a row.

VP Bank Group is appointing Dr Mara Harvey, Head of Region Europe and CEO of VP Bank (Switzerland) Ltd, and Dr Rolf Steiner, Head of Group Products & Solutions, to the Group Executive Management (GEM) with effect from 1 April 2023. Tobias Wehrli will leave the GEM.

In a challenging market environment, VP Bank Group posted net income for the year of CHF 40.2 million in 2022. Earnings power proved to be resilient, which made it possible to invest further in Strategy 2026 as planned. The Board of Directors proposes an unchanged dividend of CHF 5.00 per share.

VP Bank Ltd today announced clinching the prestigious Asian Private Banker Award for Distinction 2022, Best Private Bank – Intermediary Services. This win affirms the bank’s dedication and commitment to financial intermediaries across the Asia-Pacific region.

After its brilliant premier in September, the Vaduz Gourmet Festival will be repeated for at least the next three years.

VP Bank Group’s annual report won six international awards in 2022. These awards confirm the high quality of VP Bank’s corporate communication and once again demonstrate the Bank’s exceptional creativity.

The VP Bank Best Paper Award 2022 was presented at the "Liechtenstein Workshop of Sustainable Finance" at the University of Liechtenstein.

With a special certificate, VP Bank and Chartered Investment are creating a structured product solution so that investments can be made in gold that meets the highest environmental and social standards.

In a challenging market environment and against the backdrop of the continued substantial investments in Strategy 2026, VP Bank posted a 2022 semi-annual profit of CHF 21.3 million. This represents a 29 per cent decrease vis-à-vis the previous-year period, but a 3 per cent increase compared to the second half of 2021. In total, client assets under management decreased by 9 per cent as a result of the slowdown in the markets.

VP Bank (Luxembourg) SA and VP Fund Solutions (Luxembourg) SA support the "Fondation Hëllef fir d'Natur" and the "Fondatioun Kriibskrank Kanner" as part of their sustainability activities.

VP Bank has received the "Wealth for Good Award" from the publication WealthBriefing for its sustainability approach. It won the category "Best Bank for ESG Portfolio (methodology) - Switzerland and Liechtenstein".

VP Bank is entering into a partnership with a premium provider of electric vehicles, thereby offering its employees in Liechtenstein and Switzerland more environmentally friendly mobility.

Against the backdrop of substantial investments that were made in connection with the implementation of Strategy 2026, VP Bank Group generated Group net income of CHF 50.6 million in 2021, which corresponds to an increase of 21.7 per cent. Client assets under management rose by 8.1 per cent. The proposed dividend of CHF 5.00 represents an increase of 25 per cent and underscores the profitability of VP Bank and the aim to provide an attractive dividend yield over the long term, which as at the end of 2021 stood at 5.2 per cent.

VP Bank has appointed Dr Lars Kaiser as Head Group Sustainability. Dr Kaiser will report directly to the Chief Investment Officer and Chairman of the Sustainability Board at VP Bank, and will assume his new role on 1 March 2022.

In the ranking of “Germany’s most influential economists” published annually by Frankfurter Allgemeine Zeitung, VP Bank and its Chief Economist Dr Thomas Gitzel took an excellent 6th place among the 50 candidates evaluated in the “Media” category.

Claus Jørgensen has been appointed Chief Executive Officer of VP Bank (Luxembourg) SA with immediate effect. In May, he assumed the position of interim successor to Thomas Steiger, who had resigned early at his own request.

VP Bank further strengthens its position in the Nordic market and acquires the client business of the Luxembourg-based Private Bank Öhman Bank S.A from the Swedish financial group Öhman.

VP Bank Group is responding to the valuation adjustment on a single position that was announced this spring by reorganising its credit division. This will result in personnel changes on the Group Executive Management.

VP Bank launches its new investment magazine “telescope”. With this magazine, the bank for private clients and intermediaries will be addressing a specific topic and providing in-depth investment expertise. The first issue focuses on the “weakling dollar”.

Tobias Wehrli is set to be appointed Head Intermediaries & Private Banking division at VP Bank on 1 July 2020, when he will also be made a member of Group Executive Management. He is succeeding Chris-toph Mauchle, who will leave the bank at the end of September 2020.

At its 57th ordinary Annual General Meeting held on 24 April 2020 in Vaduz, VP Bank shareholders voted by a large majority to approve all of the motions put forward by the Board of Directors. Distribution of a dividend of CHF 5.50 per registered share A and CHF 0.55 per registered share B were approved.

Dun & Bradstreet Worldwide has again given VP Bank Group its “Risk Indicator 1” rating of risk and creditworthiness. Bisnode D&B Schweiz AG presented VP Bank with the Rating Certificate for the seventh time in a row.

The extent of the impact that the coronavirus is having on society and the economy, and thus on the financial markets as well, is becoming increasingly clear. High market losses over a very short period of time and extremely high volatility that has never been witnessed before are causing a strain not only on the financial market as a whole but also on VP Bank Group. Thanks to its very healthy equity base, comfortable liquidity situation and operational strength, VP Bank Group is in a good position to cope with the current crisis. 

Thanks to a strong operating performance and the positive development of financial markets, VP Bank Group recorded a 34.4 per cent rise in net earnings in 2019 and generated group net income of CHF 73.5 million. At CHF 2.3 billion, the inflow of net new money developed positively for the third time in a row.

After seven successful years as head of the "Intermediaries & Private Banking" business segment, Christoph Mauchle has announced his intention to leave VP Bank during the course of the year. This personal decision is the result of Christoph Mauchle's further life planning and is being made in best agreement with the Board of Directors and CEO Paul Arni.

VP Bank Ltd Singapore Branch has been named “Best External Asset Manager Service Provider”, recognising the bank’s superior position as an industry leader and its unique focus on the intermediaries business. In addition, VP Bank Ltd Singapore branch also won “Best Private Banking Regional Partnership”. In 2019, VP Bank has signed a memorandum to enter into a strategic collaboration with the Chinese company Hywin Wealth Management Co. to establish a Hong Kong-based platform that offers wealth management solutions to wealthy Chinese. The two awards are presented by WealthBriefingAsia, an Asia-focused daily news and analysis service of the WealthBriefing Network.

VP Bank has completed the share buyback programme on the standard trading line on SIX Swiss Exchange launched on 27 June 2018. As of 28 June 2019, the Bank holds 9.58 per cent of its own share capital.

VP Bank is launching a public share buyback programme for a maximum of 180,000 listed registered shares A on the standard trading line on SIX Swiss Exchange. The buyback period will run for up to one year.

VP Bank has completed the share buyback programme on the standard trading line announced on 6 June 2016. As of 31 May 2017, the Bank holds 8.66 per cent of its own share capital.

VP Bank AG is launching a public share buyback programme for a maximum of 120,000 listed registered shares A on the ordinary trading line on the SIX Swiss Exchange. The buyback period will run for up to one year.

The repurchase of own bearer and registered shares within the framework of a second public fixed-price offer of VP Bank, announced on 13 October 2015, was successfully completed today. 298,442 bearer shares and 10,200 registered shares had been repurchased by VP Bank. Following completion of the repurchase, VP Bank now holds a total of 9.28 per cent of the outstanding share capital and 6.05 per cent of the voting rights.

VP Bank Ltd is carrying out a second repurchase of own bearer and registered shares within the framework of a public fixed-price offer. The repurchase period will run from 15 to 28 October 2015. The shares to be repurchased are also to be used for future acquisitions or for treasury management purposes.

The repurchase of own bearer and registered shares within the framework of a public fixed-price offer of VP Bank was successfully completed today. A total of 300,750 bearer shares and 114,080 registered shares were repurchased.

VP Bank Ltd is carrying out a repurchase of own bearer and registered shares within the framework of a public fixed-price offer. The repurchase period will run from 22 June to 3 July 2015. The repurchased shares are to be used for future acquisitions or for treasury management purposes.