Income and expense analysed by permanent establishment
in CHF 1,000 | 2025 | 2024 | ||
Domestic | Foreign | Domestic | Foreign | |
Interest income1 | 212,465 | 40,836 | 270,242 | 47,952 |
Interest expenses | 130,271 | 29,488 | 198,500 | 36,956 |
Current income from securities | 61,384 | 68,026 | ||
Income from commission business and services | 73,190 | 11,892 | 71,808 | 10,278 |
Commission expenses | 12,323 | 3,054 | 11,899 | 2,718 |
Income from financial transactions1 | 24,809 | 3,663 | 6,185 | 4,122 |
Other ordinary income | 30,041 | 30,468 | ||
Operating expenses | 169,328 | 20,457 | 171,631 | 25,199 |
Other ordinary expenses | 2,667 | 13 | 7,174 | 18 |
1The forward component of forward transactions will be recognized in interest income from fiscal year 2025 onwards (previously recognized in income from financial transactions). The previous year's figures have been adjusted accordingly to improve comparability.
The breakdown between domestic and foreign is based on the domicile of the reporting branches.
The values listed under “Foreign” refer to VP Bank Ltd Singapore Branch in Singapore (business activity: bank). Adjusted to reflect full-time equivalents, this unit employed 62 persons as at 31 December 2025 (31 December 2024: 70 persons). On a consolidated basis, total operating income in the 2025 financial year amounts to the equivalent of CHF 3.488 million (previous year: CHF 7.934 million) and earnings before tax to CHF -11.834 million (previous year: CHF -12.138 million). The unit received the equivalent of CHF 0.016 million in government subsidies in the 2025 financial year (previous year: CHF 0.041 million).