39 Business transactions with related companies and persons
Related companies and persons include the Members of the Board of Directors and Group Executive Management as well as their close relatives and companies in which these persons either hold a majority interest or have a significant influence as a result of their role as a Member of the Board of Directors and/or Executive Board.
in CHF 1,000 | 2025 | 2024 |
Remuneration of the members of the Board of Directors1, 2 | ||
Remuneration due in the short term | 1,111 | 1,165 |
Share-based payment3 | 371 | 373 |
Remuneration of the members of Group Executive Management2 | ||
Remuneration due in the short term | 3,922 | 3,889 |
Post-employment benefits | 383 | 664 |
Other long-term remuneration due | 214 | 0 |
Remuneration due upon termination of contract of employment | 0 | 0 |
Share-based payments4 | 1,070 | 0 |
1Social security contributions on the remuneration of the members of the Board of Directors are not included.
2Expense allowances are not included.
3The shares are not subject to a holding period (Notes 42 and 43).
4Performance and restricted shares with conditional rights to subscribe to VP Bank registered shares A.
VP Bank Group also remunerates related parties within the scope of customary intermediary services and purchased advisory services. Such compensation is in line with standard market conditions. The total amount of these remunerations and professional fees was CHF 0.2 million in 2025 (previous year: CHF 0.6 million). As at 31 December 2025, the Board of Directors, Group Executive Management, persons closely associated with them (excluding qualifying parties) as well as the pension funds held 24,798 registered shares A of VP Bank Ltd, Vaduz (previous year: 23,696 registered shares A).
Loans to related companies and persons developed as follows (from an effective date perspective):
in CHF 1,000 | 2025 | 2024 |
Mortgages and loans at the beginning of the financial year | 0 | 0 |
Additions | 1,800 | 0 |
Repayments | 0 | 0 |
Mortgages and loans at the end of the financial year | 1,800 | 0 |
Loans to Members of the Board of Directors and of Group Executive Management developed as follows (from an effective date perspective):
in CHF 1,000 | 2025 | 2024 |
Mortgages and loans at the beginning of the financial year | 6,251 | 4,884 |
Additions | 2,769 | 2,117 |
Repayments | –1,417 | –750 |
Mortgages and loans at the end of the financial year | 7,603 | 6,251 |
In principle, the same conditions apply to the Members of the Board of Directors and Group Executive Management as to all other employees. They correspond to the market conditions excluding a credit margin. Loans to related companies and persons are transacted at customary market conditions. A guarantee in the amount of CHF 53.963 million (previous year: CHF 54.427 million) was issued for a related person. The securing of the guarantee is significantly above the usual market requirements.