In the 2018 financial year, the VP Bank Group generated its highest organic net new money inflow in more than a decade. The international private bank from Liechtenstein therefore remains on track with its growth strategy.

According to preliminary information from the VP Bank Group on its annual result for 2018, the Liechtenstein private bank recorded net new money inflow of 3.2 billion Swiss francs in the past financial year. This is the highest organic net new money inflow achieved by the Group in more than ten years, having posted inflow of 1.9 billion francs for financial year 2017. With this record figure, “the Bank remains on track with its growth strategy”, it said in the press release.

By contrast, the international bank from Vaduz saw a year-on-year decline in Group net income last year. This was put down to the negative impact of a persistently low interest rate environment and the development of interest rates and equity markets. Specifically, the VP Bank Group generated operating income of around 291 million francs in financial year 2018. Conversely, operating expenses amounted to about 232 million francs. The Bank is posting Group net income of some 55 million francs. In financial year 2017, the corresponding figure was 65.8 million francs.

The VP Bank Group highlights that these are unaudited figures based on provisional calculations. The detailed, audited annual results will be published on 5 March 2019.

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