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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.
At the moment, however, the coronavirus crisis is leaving a mark on the loan portfolio of VP Bank Group, requiring a larger valuation adjustment to one individual position of approximately CHF 20 million. Supplemental stress tests on...
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