VP Bank Insight - 4th Issue - February / March 2010
Editorial – VP Bank Group and its business environment
The economic crisis brought new challenges and demands. Right now, the financial sector finds itself facing more stringent regulations due, to a large part, to the ongoing discussions concerning taxation.
VP Bank Group achieved positive results in the year 2009. While total operating income rose, it was possible to realise a reduction in operating expenses. In 2010, VP Bank Group will continue to adhere to its strategy and an effective cost management.
«Spotlight» – Brazil – South America’s Economic Miracle
Brazil has overcome the background of its turbulent past and in recent years has developed into a promising emerging nation. Its growing export sector is steadily becoming a presence on the world market.
«Products & Services» – Private Banking in Luxemburg
Luxemburg ranks among the world’s most important financial centres. For over 20 years, VP Bank has been represented in the Benelux country by its subsidiary, VP Bank (Luxembourg) S.A.
The world-wide economic crisis has made its mark on both the automobile and the watch-making industries. In addition, there has been a change in the consumers’ demand behaviour which, in particular in the automobile industry, has led to a trend towards smaller cars.
125 Kilometers of paper
Behind the scenes at VP Bank, the Document Logistics Unit provides a multitude of services which seem so self-evident that they are taken for granted. However, if they were to break down, both customers and staff notice it immediately.
Sponsoring
Here you can learn more about VP Bank’s commitment to culture and sports.
