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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 Group recorded group net income of CHF 29.3 million in the first half of 2018. Although this result was 6.9 per cent below that of the previous year, the forward-looking strategy continues to bear fruit. Net new money inflows totalled CHF 603.1 million, adding to the gains recorded in 2017. With a 22.6 per cent tier 1 ratio, VP Bank continues to enjoy a very strong capital position.
Summary of key figures:
- Group net income: CHF 29.3 million
- Client assets under management: CHF 40.9...
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