Financial year in figures
In a persistently challenging environment, VP Bank Group generated group net income of CHF 18.5 million in the 2024 financial year.
18.5mn.
Group net income
in CHF
56.4bn.
Client assets
in CHF
330.5mn.
Total operating income
in CHF
1.1bn.
Total shareholders’ equity
in CHF
10.6bn.
Total assets
in CHF
25.9%
Tier 1 ratio
Key figures of VP Bank Group
2024 | 2023 | Variance in % | |
Key income statement data in CHF million1, 2 | |||
Total net interest income | 102.3 | 133.6 | –23.5 |
Total net income from commission business and services | 137.1 | 137.9 | –0.6 |
Income from trading activities | 81.4 | 85.3 | –4.6 |
Income from financial instruments | 5.1 | 6.0 | –16.1 |
Total operating income | 330.5 | 364.4 | –9.3 |
Operating expenses | 308.3 | 313.5 | –1.7 |
Group net income | 18.5 | 44.2 | –58.2 |
Key balance-sheet data in CHF million1, 2 | |||
Total assets | 10,635.6 | 11,449.9 | –7.1 |
Due from banks | 850.7 | 1,353.8 | –37.2 |
Due from customers | 5,941.3 | 5,467.5 | 8.7 |
Due to customers | 8,948.5 | 9,505.1 | –5.9 |
Total shareholders’ equity | 1,116.8 | 1,107.2 | 0.9 |
Equity ratio (in %) | 10.5 | 9.7 | 8.6 |
Tier 1 ratio in accordance with Basel III (in %) | 25.9 | 24.9 | 3.8 |
Leverage ratio in accordance with Basel III (in %) | 9.9 | 9.1 | 8.8 |
Liquidity coverage ratio in accordance with Basel III (in %) | 165.3 | 305.8 | –46.0 |
Net stable funding ratio (NSFR) in accordance with Basel III (in %) | 144.5 | 156.8 | –7.8 |
Total client assets under management in CHF million | 50,749.2 | 46,351.9 | 9.5 |
On-balance-sheet customer deposits (excluding custody assets) | 8,602.9 | 9,387.3 | –8.4 |
Fiduciary deposits (excluding custody assets) | 454.9 | 600.2 | –24.2 |
Client securities accounts | 41,691.4 | 36,364.3 | 14.6 |
Custody assets in CHF million | 5,645.2 | 4,703.4 | 20.0 |
Total client assets in CHF million | 56,394.3 | 51,055.3 | 10.5 |
Business volumes in CHF million3 | 56,690.4 | 51,819.4 | 9.4 |
Net new money in CHF million | 463.6 | 27.3 | n.a. |
Key operating indicators2 | |||
Return on equity (in %)1, 4 | 1.7 | 4.1 | |
Cost/income ratio (in %)5 | 93.3 | 86.0 | |
Headcount (expressed as full-time equivalents)6 | 945.4 | 1,007.2 | |
Key indicators related to shares of VP Bank in CHF1 | |||
Group net income per registered share A7 | 2.98 | 7.19 | |
Group net income per registered share B7 | 0.30 | 0.72 | |
Dividend per registered share A8 | 4.00 | 5.00 | |
Dividend per registered share B8 | 0.40 | 0.50 | |
Dividend yield registered share A (in %)9 | 5.2 | 5.7 | |
Payout ratio registered share A (in %) | 134.0 | 69.5 | |
Shareholders’ equity per registered share A on the balance-sheet date | 179.99 | 179.63 | |
Shareholders’ equity per registered share B on the balance-sheet date | 18.00 | 17.96 | |
Quoted price per registered share A | 77.40 | 87.60 | |
Quoted price per registered share B | 7.70 | 8.80 | |
Highest quoted price per registered share A | 97.60 | 103.00 | |
Lowest quoted price per registered share A | 68.20 | 80.40 | |
Market capitalisation (in CHF million)10 | 512 | 580 | |
Price/earnings ratio per registered share A | 25.93 | 12.18 | |
Rating Standard & Poor’s | A–/Negative/A–2 | A–/Stable/A–2 |
1The reported key data and operating indicators are computed and reported on the basis of the share of the net profit and shareholders’ equity attributable to the shareholders of VP Bank Ltd, Vaduz.
2Details in the notes to the consolidated income statement and consolidated balance sheet.
3Assets under management and due from customers.
4Net income / average shareholders’ equity less dividend.
5Total operating expenses / total operating income.
6In accordance with legal requirements, apprentices are to be included in headcount statistics as 50 per cent of equivalent full-time employees.
7Based on the weighted average number of shares (registered share A) (note 11).
8Subject to approval by the annual general meeting.
9Based on closing price at year end.
10Including registered shares B.
The definitions are available at www.vpbank.com/apm