VP Bank AG

VPBN

Equity

ISIN LI0315487269 / Valor 31548726

SIX Swiss Exchange (2024-12-23)

CHF 76.80+2.40%

VP Bank AG
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About company

ore business activities include asset management, investment consulting, and credit services for private and institutional investors. VP Bank AG is a leading financial institution that provides personalized solutions in wealth management and investment advisory services to a diverse client base. With a strong presence in various international markets, VP Bank AG offers a wide range of banking services tailored to meet the unique needs of its clients, including private individuals, intermediaries, asset managers, and wealthy private clients.

Summarized from source with an LLMView SourceSector: Finance

Net Income Growth

In the fourth quarter of 2023, VP Bank AG reported a net income increase of 10.1% year-over-year, reaching CHF 44.2 million. This growth highlights the bank's resilience and effective strategy implementation despite a challenging environment.

Operating Income

VP Bank AG's operating income for Q4 2023 rose by 8.3% to CHF 364.4 million. This increase was primarily driven by higher interest income and trading activities, while commission and service-related business remained stable.

Client Assets Under Management

As of the end of 2023, VP Bank AG's client assets under management remained stable at CHF 46.4 billion. The stability in assets under management reflects the bank's ability to maintain client trust and manage portfolios effectively.

Net New Money Inflows

VP Bank AG experienced a net new money inflow of CHF 27 million in Q4 2023. This positive inflow was influenced by adjustments to the client portfolio, including the management of client relationships with Russian connections.

Operating Expenses

Operating expenses for VP Bank AG increased by 7.7% to CHF 313.5 million in the fourth quarter of 2023. This rise includes write-downs on investments and exceptional compliance costs related to client portfolio adjustments.

Summarized from source with an LLMView Source

Key figures

-11.7%1Y

-19.7%3Y

-50.5%5Y

Performance

21.1%1Y

22.4%3Y

24.3%5Y

Volatility