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.


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.


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).

ad hoc

Distinguished: Annual Report 2013 of VP Bank Evidences Quality

The 2013 annual report of VP Bank Group is one of the 12 highest-rated annual reports from Switzerland and Liechtenstein.


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