Media releases —

News and important information from VP Bank

VP Bank and the Laureus Foundation Switzerland have officially confirmed their partnership in Vaduz, as announced at the start of the year.

At the 63rd Annual General Meeting held on Friday, 24 April 2026 in Vaduz, the shareholders of VP Bank approved all proposals put forward by the Board of Directors by a large majority. A dividend of CHF 4.00 per registered share A and CHF 0.40 per registered share B was resolved. In addition, the Annual General Meeting re-elected all members of the Board of Directors for a further term of office.

VP Bank increased its annual profit to CHF 47 million. Operating income developed positively, and efficiency measures showed results.

VP Bank is entering into a partnership with Laureus Foundation Switzerland, thereby strengthening its social commitment in the field of sport. The collaboration sets an example for the promotion of young people and creates new links to inspiring personalities from the world of top-class sport.

In the latest issue of the investment magazine "telescope", Felix Brill, Chief Investment Officer at VP Bank, and his team focus on the topic of health.

The Board of Directors of VP Bank Group has appointed Felix Brill as the new Head of International Locations, effective 1 January 2026. In this role, he will assume responsibility for client business in Switzerland, Luxembourg, and Singapore.

Effective 1 January 2026, Marc Fischer will join the Executive Management of VP Fund Solutions (Liechtenstein) AG as Head of Fund Client Solutions & Services. The appointment is subject to approval by the Liechtenstein Financial Market Authority (FMA).

On Tuesday, 4 November 2025, the VP Bank Foundation hosted the "Lichtblick" fundraising event at the VP Bank premises in Triesen. Twenty-eight organisations involved in social and charitable work in Liechtenstein were delighted to receive support totalling CHF 70,000.

In a market environment characterised by falling interest rates, unfavourable currency effects and geopolitical uncertainties, VP Bank increased its half-year profit to CHF 28.8 million. It also recorded broad-based net new money inflows.

The Board of Directors of VP Bank has appointed Roland Kläy as the new Chief Financial Officer and member of the Group Executive Management with effect from October 1, 2025.

VP Bank Group strengthens its position in the fund business through a strategic investment in Embla Fund Management AG. With a 40 percent stake, VP Bank becomes the new main shareholder.

In the latest edition of "telescope" magazine, Felix Brill, Chief Investment Officer at VP Bank, and his team shed light on the background to the topic of government debt.

From 6 to 14 September 2025, Vaduz will once again be transformed into a centre of culinary excellence: the Vaduz Gourmet Festival is entering its fourth year and invites foodies to enjoy a unique experience. VP Bank is the festival's sponsor alongside the municipality of Vaduz, and it has long since become a fixture in the regional calendar of events.

At the 62nd ordinary annual general meeting in Vaduz on Friday, 25 April 2025, the shareholders of VP Bank resolved to pay a dividend of CHF 4.00 per registered share A and CHF 0.40 per registered share B and approved the reelection of Dr Mauro Pedrazzini and the new election of Dr Stephan Ochsner and Barbara Ofner to the Board of Directors.

VP Bank Group generated a net profit of CHF 18.5 million in 2024. Client assets under management rose by 9.5 per cent, while the new money inflow was 3.6 per cent.

VP Bank is pleased to announce its partnership with the talented Swiss golfer Chiara Tamburlini. As a new partner, VP Bank is supporting the up-and-coming athlete on her way to the top.

VP Bank is expanding its sponsorship and has signed a cooperation agreement with the Ecuadorian-Swiss extreme mountaineer Karl Egloff. At an exclusive event on 28 January 2025, Karl Egloff will report on his next project: to climb the highest mountain in the world in record time.

Last summer, in collaboration with the independent institute YouGov Switzerland, VP Bank conducted a Group-wide client satisfaction survey in the private banking and intermediary business. The survey confirmed that VP Bank achieves a high level of client satisfaction.

The latest issue of the VP Bank investment magazine "Telescope" was released today and is entitled "Raw materials – no progress without them". This is already the tenth edition of this magazine.

With its Chief Economist Thomas Gitzel, VP Bank is proud to have one of Germany’s most influential economists on its team – as confirmed by a German ranking produced by the Swiss institute Media Tenor for the New Social Market Economy Initiative.

The "Lichtblick" fundraising event of the VP Bank Foundation took place on Wednesday, 6 November at VP Bank in Triesen. 29 social and charitable institutions in Liechtenstein received donations totalling around CHF 80,000.

VP Bank appoints Urs Monstein as Group CEO. Following comprehensive screening of internal and external candidates, the Board of Directors has chosen the current interim Group CEO. Over the last few months, he has impressed with his leadership as well as his understanding of the corporate culture and the priorities in implementing the Bank’s strategy.

VP Bank Group's 2023 Annual Report once again achieved a top ranking in this year's Swiss Annual Report Rating. In the overall ranking, it was awarded third place. This top ranking confirms the high quality of VP Bank's corporate communications and once again underscores the bank's creative design.

Dirk Klee will step down from his position as a member of the Board of Directors of VP Bank as of September 30, 2024. He is taking on a new external challenge that is not compatible with his role at VP Bank.

VP Bank Group generated a net profit of CHF 11.5 million in the first half of 2024. Client assets under management rose by 8.8 per cent, while the annualised net new money in-flow was 2.2 per cent.

VP Bank is fundamentally revising its mobile banking application, bringing its functionality and design into line with the browser version. It offers its clients many new options for con-venient e-banking on all devices (smartphones, tablets, notebooks, PCs).

The new issue of the investment magazine "telescope" entitled "Security: Why we need it and how not to lose it" has been published.

VP Bank posts a 50 per cent drop in net profit for the first four months of 2024 compared with the previous year. The key reason for this is lower interest income.

Paul Arni, Chief Executive Officer of VP Bank Group, is leaving VP Bank after around five years. Urs Monstein, Chief Operating Officer, will take on the role of Chief Executive Officer on an interim basis

At the 61st annual general meeting on Friday, 26 April 2024 in Vaduz, the shareholders approved the payout of a dividend of CHF 5.00 per registered share A and CHF 0.50 per registered share B and approved the re-election of Philipp Elkuch as well as the election of Dr Dirk Klee to the Board of Directors.

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 eleventh time in a row.

VP Bank Group has remained on track despite what continues to be a challenging environment. The Group increased its operating income by 8.3 per cent to CHF 364.4 million and posted a Group net income of CHF 44.2 million, which corresponds to an increase of 10.1 per cent.

With financial intermediaries at the core of VP Bank's business, the Bank's commitment and dedication to this segment was underscored by winning the prestigious "Best Private Bank - Intermediaries" award from Asian Private Banker for the second year in a row and the third time in the Bank's history.

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

VP Bank Foundation's "Lichtblick" fundraising event was held on Tuesday, 7 November 2023, at VP Bank in Triesen. Numerous institutions that are socially and charitably engaged in Liechtenstein received funding.

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.

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

As of 1 July 2023, VP Bank offers the new product line VP Bank Nova, which is specifically tailored to the needs of young people. In this way, VP Bank ensures that its clients receive competent and appropriate advice at every stage of their lives.

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.

The Client Solutions business unit will be regrouped by the end of 2022. Thomas von Hohenhau will leave the Executive Board of VP Bank Group. Dr Mara Harvey will take over as the CEO of VP Bank (Switzerland) Ltd, including responsibility for the management of the Europe region.

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

VP Bank Foundation's "Lichtblick" fundraising event was held on Tuesday, 8 November 2022, at VP Bank in Triesen. Numerous institutions that are socially and charitably engaged in Liechtenstein received funding.

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.

At the 59th annual general meeting in Vaduz on Friday, 29 April 2022, the shareholders of VP Bank have approved all of the proposals of the Board of Directors by a large majority. Payout of a dividend of CHF 5.00 per registered share A and CHF 0.50 per registered share B was approved.

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 is strengthening its long-standing commitment to supporting the world’s leading young musical talents. The Bank has signed sponsorship deals with the Ensemble Esperanza and the International Academy of Music in Liechtenstein for the coming years. Both institutions support young musicians.

VP Bank is expanding its range of structured products. The Bank will develop and distribute new solutions in partnership with Leonteq.

Asset managers domiciled in Switzerland have to obtain a licence to operate from FINMA by 31 December 2022. With its expertise for intermediaries, VP Bank offers professional support in this laborious process.

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.

VP Bank recorded solid results for the first half of 2021. Group net income rose significantly versus the prior-year period to reach CHF 29.9 million. Client assets under management increased by roughly 11 per cent, and the cost/income ratio declined to 79.4 per cent, thereby continuing the trends seen in recent years and demonstrating that VP Bank Group has entered its new strategy cycle on a firm foundation.

At its 58th ordinary Annual General Meeting held on 30 April 2021 in Vaduz, VP Bank shareholders voted by a large majority to approve all the motions put forward by the Board of Directors. Distribution of a dividend of CHF 4.00 per registered share A and CHF 0.40 per registered share B were approved.

VP Bank Ltd (Liechtenstein), Hywin Wealth Management Co., Ltd (China) and its subsidiary Hywin Asset Management (Hong Kong) Limited, among others, signed a Cooperation Agreement to jointly establish through Hywin's Hong Kong entity a collaboration platform to meet the demands of wealthy Chinese for sophisticated wealth management services offshore. The strategic nature of the partnership is further strengthened by VP Bank's participation in the equity fundraising activities of Hywin Holdings Ltd (“Hywin Holdco”).

VP Bank achieved a stable result for the 2020 financial year in line with the performance of the market as a whole. Due to the valuation adjustment on an individual item in the loan portfolio reported in spring 2020 and the lower interest rate environment, group net profit eased to CHF 41.6 million. At CHF 1.4 billion, net new money developed positively for the fourth consecutive year. Thanks to a strong capital and liquidity base, supported by the stable earnings situation, VP Bank is starting the new strategy cycle on very healthy foundations.

The board of directors of VP Bank has appointed Roger Barmettler as Chief Financial Officer (CFO) and member of the Group Executive Management, effective 1 March 2021.

For the 2020 financial year, VP Bank expects a stable result in line with the development of the market environment and continued net new money growth. As a result of the value adjustment on an individual position in the credit portfolio communicated in the spring of 2020, a reduced consolidated group net income of approximately CHF 41.6 million is to be expected compared to the previous year.

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.

With a Group net income of CHF 14.4 million, net new money inflow of approximately CHF 1 billion, an improved cost structure and an increase in operating income of 2.5 per cent to CHF 166.8 million, VP Bank Group has proven its crisis resilience in the first six months of a year turned upside down by the coronavirus pandemic.

The Board of Directors of VP Bank appoints Patrick Bont, the Head of the Banking Division of the Financial Market Authority (FMA) Liechtenstein, as Group Chief Risk Officer effective 01.11.2020.

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.

The Board of Directors of VP Bank is appointing Thomas von Hohenhau to the position of Head Client Solutions with effect from 1 September 2020. This business unit was newly-created within the context of Strategy 2025. In this function Thomas von Hohenhau will also be made a member of Group Executive Management.

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.

For the 2019 financial year, VP Bank is expecting group net income to come in 34 per cent higher at about CHF 74 million.

With a gain of 20.5 per cent in group net income, net new money inflows of CHF 1.2 billion und a substantial increase in assets under management of 9.9 per cent to CHF 45.6 billion, VP Bank Group demonstrated a robust performance for the first six months.

VP Bank Group is expecting group net income for the first half of 2019 to be substantially higher than the corresponding period of the previous year at around CHF 35 million (as at 30 June 2018: CHF 29.3 million).

The Board of Directors of VP Bank has appointed Paul H. Arni as the new CEO of VP Bank Group. Paul Arni will be taking up his position on 1 October 2019. Until then, Dr Urs Monstein, Chief Operating Officer of VP Bank, will continue to exercise the CEO function on an interim basis.

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.

At its 56th ordinary Annual General Meeting held on Friday, 26 April 2019 in Vaduz, VP Bank shareholders approved all of the motions put forward by the Board of Directors. 487 shareholders were present.

In accordance with its long-term growth strategy, VP Bank Group recorded a net inflow of new money totalling CHF 3.2 billion in 2018. The international sites contributed in particular to this favourable result. At the same time, higher investment caused Group net income to decline 16.8 percent to CHF 54.7 million. An unchanged dividend of CHF 5.50 per class A registered share and CHF 0.55 per class B registered share will be proposed to the annual general meeting.

The Board of Directors of VP Bank Group and CEO Alfred W. Moeckli have decided to not continue their collaboration. Alfred W. Moeckli will relinquish all his functions as of the end of January 2019 and leave the bank to devote himself to new assignments. Dr Urs Monstein assumes the position of CEO on ad interim basis.

VP Bank recorded a net new money inflow of CHF 3.2 billion in the past financial year. This pleasing increase is attributable to the Bank's long-term growth strategy, which is based in particular on the expansion of its client service units. During the same period, consolidated net income fell by 17 percent to approximately CHF 55 million.

VP Bank Ltd and Catella Bank S.A. have agreed to acquire the Luxembourg private banking activities of Catella Bank through VP Bank in Luxembourg.

In the first half of 2018, VP Bank Group recorded solid group net income of CHF 29.3 million. Client assets under management increased by 1.3 per cent. The tier 1 ratio was above average at 22.6 per cent. VP Bank shares recorded strong gains.

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.

At the 55th ordinary Annual General Meeting of VP Bank held in Vaduz on Friday, 27 April 2018, shareholders approved all of the motions put forward by the Board of Directors. Raised dividends of CHF 5.50 per registered share A and CHF 0.55 per registered share B were approved.

VP Bank Group generated very strong group net income of CHF 65.8 million. Client assets under management rose by a substantial 13.0 percent. The tier 1 ratio amounted to an above-average 25.7 percent. The annual general meeting will be asked to approve a raised dividend of CHF 5.50 per registered share A and CHF 0.55 per registered share B.

VP Bank Group is expecting Group net income of around CHF 66 million, marking a significant increase on the previous year.

Dr Urs Monstein joining Group Executive Management as Chief Operating Officer.

Economist Dr Felix Brill joins the group executive management of VP Bank as Head of Investment Solutions.

VP Bank Group generated very strong group net income of CHF 31.5 million in the first half of 2017. The core capital ratio amounted to a sound 25.9 per cent. Thanks to continued intensive market development, significant inflows of client assets amounting to CHF 1.1 billion were recorded during the first half of 2017. Total operating income rose 16.4 per cent during the first half of the year. The result, adjusted to take account of the one-off effect of the agreement reached with the authorities in North Rhine-Westphalia, rose 74 per cent higher in year-on-year terms.

VP Bank Group has reported to expect higher net income for the first half of 2017 as compared to the same period in the previous year. This includes provisions for a single payment which is to be made to the German authorities as part of an agreement.

Martin C. Beinhoff, Member of Group Executive Management and Chief Operating Officer, will leave VP Bank Group at the end of June 2017. Information regarding his successor shall be provided in due course.

Shareholders approved all proposals put to a vote by the Board of Directors at the 54th ordinary annual general meeting of VP Bank, which was held on Friday, 28 April 2017, in Vaduz. Included was the approval of a dividend increase to CHF 4.50 per registered “A” share and CHF 0.45 per registered “B” share.

VP Bank Group generated a very positive group net income for 2016, totalling CHF 58.0 million. In the previous financial year, VP Bank recorded an increase of 2.8 percent in client assets under management and the core capital ratio rose from 24.4 percent to an above average 27.1 percent. A higher dividend of CHF 4.50 per registered share A and CHF 0.45 per registered share B is being proposed to the General Meeting.

The rating agency Standard & Poor’s has maintained VP Bank’s «A–» rating, and the outlook is now positive.

VP Bank is adjusting its organisational and management structure effective from 1 January 2017: The General Counsel & Chief Risk Officer and Investment Solutions organisational units will be formed at Group Executive Management level. Monika Vicandi, current Head of Group Legal, Compliance & Tax, will be running the General Counsel & Chief Risk Officer organisational unit and joining the VP Bank Group Executive Management as of 1 January 2017. The new Head of Investment Solutions, whose recruitment is presently ongoing, will also join Group Executive Management.

In the first half of 2016, VP Bank Group generated a consolidated net income of CHF 24.4 million. The core-capital ratio rose from 24.4 percent to 25.7 per cent. As a result of intensive market-development activities, noticeable inflows of net new money could be realised in the first six months of 2016, primarily in Asia and in the area of investment funds. Operating expenses fell by 7.6 per cent.

Assuming that market circumstances remain unchanged, VP Bank Group expects a fall in Group net income for the first half of 2016 in comparison to the first half of 2015, where the integration of Centrum Bank had a positive one-off effect. Leaving aside this one-off effect, the Bank expects Group net operating income to significantly exceed the prior-year level.

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.