Segments

VP Bank's economic success is divided into segments and measured based on the services offered and the respective market position.

With client assets under management of CHF 21.0 billion at the end of 2025, the Liechtenstein & BVI segment is VP Bank's largest business segment. The international business, with locations in Zurich, Luxembourg, and Singapore, manages CHF 16.2 billion, and client assets under management in asset servicing amount to CHF 16.5 billion.

Client assets under management by business segment

Liechtenstein & BVI

This segment comprises the universal bank in Liechtenstein and the private bank in the British Virgin Islands (BVI). In the 2025 financial year, assets under management (AuM) increased by 9.9 percent. This development is attributable on the one hand to net new money inflows of CHF 0.7 billion and on the other hand to positive market performance, which contributed an additional CHF 1.2 billion.

In Liechtenstein, more than half of the assets under management are attributable to intermediary business, which underscores its high strategic importance. The remaining share comprises private client business, which benefits from many years of experience in serving a discerning clientele and from a correspondingly differentiated range of services. Both intermediary business and private client business made a positive contribution to net new money in the 2025 financial year.

Development of client assets under management: Liechtenstein & BVI

in CHF billion

International

This segment includes the locations in Switzerland, Luxembourg, and Singapore. At the end of 2025, the International segment managed assets worth CHF 16.2 billion and had a balanced geographical distribution of assets: around 50 percent of assets under management were in Switzerland, around 30 percent in Luxembourg, and 20 percent in Singapore.

In year 2025, the segment recorded a slight overall decline in assets under management.

Development of client assets under management: International

in CHF billion

Asset Servicing

This segment comprises the fund management and custodian bank activities within the VP Bank Group. As such, it includes the two fund management companies VP Fund Solutions (Luxembourg) SA and VP Fund Solutions (Liechtenstein) AG, as well as the custodian bank functions of VP Bank AG, Liechtenstein, and VP Bank (Luxembourg) SA.

At the end of 2025, Asset Servicing managed assets worth CHF 16.5 billion and contributed CHF 1.2 billion in net new money.

The main markets of Liechtenstein, Switzerland, and Germany account for over 70 percent of assets under management. Other important markets include Luxembourg, Scandinavia, and Singapore. The assets under management by the two fund companies consist largely of private label business with external clients; the management of VP Bank Group funds accounts for around 5 percent of the business volume.

Change of client assets under management: Asset Servicing

in CHF billion