News


2014 annual results of VP Bank Group: Group net income of CHF 20.0 million and stable core capital ratio of 20.5 per cent

In 2014, VP Bank Group posted a Group net income of CHF 20.0 million. In the past financial year, VP Bank saw an increase of 1.8 per cent in client assets under management. Once again, it was possible to reduce operating expenses. At the annual general meeting, a dividend of CHF 3.00 per bearer share and CHF 0.30 per registered share will be proposed. Moreover, Dr Florian Marxer will be nominated for election to the Board of Directors.

03.03.15
ad hoc

VP Bank acquires all shares of Centrum Bank

As was announced in the media release from 1 December 2014, VP Bank Ltd’s acquisition of all shares of Centrum Bank Ltd has been executed according to plan. This means that as of 7 January 2015, Centrum Bank Ltd is a subsidiary of VP Bank Ltd.

07.01.15

New head of VP Bank Group’s fund business

As of 1 January 2015, Eduard von Kymmel will assume responsibility for the strategic orientation of the entire fund business of VP Bank Group in Luxembourg and Liechtenstein. In taking up this position, he will also become Chairman of the Executive Board of VPB Finance S.A., Luxembourg.

29.12.14

VP Bank and Centrum Bank are merging

Continuing its reliance on growth through acquisitions, VP Bank Group is to take over Centrum Bank of Vaduz, Liechtenstein, in a merger. VP Bank plans to take over all Centrum Bank shares in January 2015 and to execute the merger in the ensuing months. The Marxer Foundation for Bank Values, currently the sole shareholder of Centrum Bank, is acquiring an interest in VP Bank at the purchase price and is thus becoming an anchor shareholder. The transaction will increase VP Bank Group’s client assets by about CHF 6 billion, to CHF 46 billion, and its new balance sheet total will be approximately CHF 13 billion. There will be no significant reduction in VP Bank’s capitalisation, which is above average (a tier 1 ratio of 20.7% as of 30 June 2014).

01.12.14
ad hoc

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