Financial Results

Liechtenstein Private Bank Expects 28 Per Cent H1 Net Income Gain

Nick Parmée, 3 August 2012

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In a preliminary unaudited statement, Vaduz-headquartered VP Bank Group estimates that its net income for the first half of 2012 rose to SFr25 million (about $25.3 million) from SFr19.4 million for the same period of 2011, a rise of around 28 per cent.

Net new money fell by SFr38 million, principally, the firm believes, because of the redemption of a bond issue placed in 2007, with a SFr127 million impact. At end-June, client assets under management totalled SFr27.6 billion (previous year: SFr27.2 billion).

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