VP Bank shares

VP Bank's shares performed well in 2025, achieving a total return of 14.4 per cent.

Price development

VP Bank shares opened at CHF 77.40 in January 2025, continuing the positive trend of the previous months. This was prompted by the efficiency programme announced in the second half of 2024, as well as the confirmation of Urs Monstein as CEO in November 2024.

By the end of March 2025, the share price had risen to CHF 82.60. At the beginning of April, increased volatility was seen on the financial markets due to Donald Trump's tariff plans. VP Bank's share price recovered quickly, however, reaching a high of CHF 85.00 on 28 April 2025, the last trading day before the ex-dividend date. The dividend was set at CHF 4.00 per registered share A, corresponding to a dividend yield of 5.2 per cent.

Prior to the publication of the semi-annual results 2025, the share price fluctuated between CHF 76.80 and CHF 85.00. The results published in August showed an improvement in profitability and confirmed the bank's strategic direction. As a result, the share price reached a yearly high of CHF 89.20 at the end of August, prompting increased profit-taking. By the end of the year, the price had fluctuated between CHF 77.90 and CHF 88.80, closing at CHF 84.40 on 31 December 2025.

Share price development from 2023 to 2025

in CHF

1 VP Bank's registerd shares A are traded on the SIX Swiss Exchange and are included in the Swiss Performance Index (SPI). VP Bank's registered shares B are not traded on the stock exchange. The nominal value of registered shares A is CHF 10.00, while that of registered shares B is CHF 1.00.

VP Bank shares compared to the Swiss stock market

indexed, dividends reinvested

VP Bank shares rose by 9.0 per cent over the course of 2025. Taking dividend payments into account, this equated to a total return of 14.4 per cent. During the same period, the Swiss Performance Index (SPI) recorded a total return of 17.8 per cent, while the SPI Financial Services2  reached 23.1 per cent.

Over the last three years, VP Bank achieved a total return of 11.9 per cent. In comparison, the total return of the SPI was 32.6 per cent.

2 SIX discontinued the calculation of the Swiss Exchange Supersector Banks TR Benchmark Index (SMBAK), which was used in the previous year. The successor index, SPI Financial Services (SPI4015G), includes VP Bank, but has only been published since November 2023.

Low trading volume

As in previous years, trading volume in VP Bank shares remained at a comparatively low level in 2025. This is typical for companies with low market capitalisation and a stable shareholder base. On average, 3,224 shares were traded per trading day, with the daily range between 414 and 16,896 shares. Due to the stable shareholder base, the free float remained limited, which also had an impact on the liquidity of the share.

Long-term dividend policy

VP Bank has pursued a reliable and sustainable dividend policy for decades, paying dividends continuously since its listing on the Swiss stock exchange in 1984. The guidelines established by VP Bank in 2014 stipulate that 40 to 60 per cent of the Group's net profit should be distributed to shareholders. However, the Board of Directors may adjust this distribution ratio if necessary.

For the 2024 financial year, a dividend of CHF 4.00 per registered share A and CHF 0.40 per registered share B was proposed to the Annual General Meeting and paid out in May 2025. This corresponded to a payout ratio of 134.0 per cent, demonstrating the bank's commitment to providing an attractive return to shareholders, even during challenging times. Since 2014, the average payout ratio for Class A registered shares has been 66.1 per cent.

For the financial year 2025, the Annual General Meeting will be proposed a dividend of CHF 4.00 per registered share A and CHF 0.40 per registered share B, corresponding to a dividend yield of 4.7 per cent and a pay-out ratio of 53.0 per cent.

Dividend yield performance of VP Bank shares

calculated based on the closing share price at the end of the previous year

* Proposal to the Annual General Meeting: dividend of CHF 4.00

Thanks to their consistent dividend payments, VP Bank shares are considered an established Swiss dividend stock. They have been listed among the most attractive dividend stocks in leading financial publications for years.

Stable anchor shareholder base

Three anchor shareholders hold a significant portion of VP Bank's share capital: the “Stiftung Fürstl. Kommerzienrat Guido Feger” foundation, the “U.M.M. Hilti-Stiftung” foundation, and the “Marxer Stiftung für Bank- und Unternehmenswerte” foundation. These foundations take a long-term, sustainable approach, thereby guaranteeing the continuity and stability of the bank. Their economic importance in Liechtenstein, VP Bank’s core market, underlines the bank's systemic relevance and strengthens investor confidence.

Shareholders

Percentage of votes

Percentage of share capital

“Stiftung Fürstl. Kommerzienrat Guido Feger” foundation

46.60%

23.00%

“U.M.M. Hilti-Stiftung” foundation

10.30%

9.70%

“Marxer Stiftung für Bank- und Unternehmenswerte” foundation

6.30%

11.40%

As of 31.12.2025

Share details

KPI registered shares A and B

Registered share A

2025

2024

Shares issued1

5,665,779

5,623,827

Group net income per share (CHF)

7.55

2.98

Dividend per share (CHF)2

4.00

4.00

1Weighted average without treasury shares.

2Proposal to the Annual General Meeting Dividend 2025

Registered share B

2025

2024

Shares issued1

5,651,569

5,651,383

Group net income per share (CHF)

0.75

0.30

Dividend per share (CHF)

0.40

0.40

1Weighted average without treasury shares.

2Proposal to the Annual General Meeting Dividend 2025

Stock market data

Stock market data (registered share A)

2025

2024

Year-end price (CHF)

84.40

77.40

High/low (CHF)

89.2/75.0

97.6/68.2

Market capitalisation (CHF million)

507.7

465.6

Free float at year end (%)

54.5

53.8

Price/earnings ratio (%)

10.7

25.9

Total return (%)

14.4

–6.8

Master data

Registered share A, listed on SIX Swiss Exchange

SIX symbol

VPBN

Bloomberg ticker

VPBN

Reuters ticker

VPBN.S

Securities number

31 548 726

ISIN

LI0315487269

Further information and the latest figures on VP Bank shares can be found on the website at vpbank.com/share.