UK: Theresa May facing vote of no confidence today
Theresa May has to face a vote of no confidence in the British Parliament today. The canceled vote on the Brexit deal caused a stir in the British House of Commons. More than 48 members of the parliament demanded a vote.
VP Bank on Integrating Digital into Banking Services
At the 2018 Monaco Yacht Show, Alfred Moeckli, CEO of VP Bank Group, gave insight into how VP Bank is going about facing the challenge being seen across industries: how to integrate digital into their services.
VP Bank Upgrading Singapore’s Subsidiary to Full Branch to Lead Asian Clients Safely Ahead
Safely ahead: In order to serve its clients’ needs even better in the future, VP Bank will be conducting its business in Singapore through a branch instead of a wholly owned subsidiary with effect from 1 September 2018. This is consistent with VP Bank’s growth strategy because as a branch in Singapore, VP Bank is better positioned to expand and grow its client services in Asia.
Solid group net income for the first half of 2018, continued growth and investments in the future
In the first half of 2018, VP Bank Group recorded solid group net income of CHF 29.3 million. Client assets under management increased by 1.3 per cent. The tier 1 ratio was above average at 22.6 per cent. VP Bank shares recorded strong gains.
July has seen a recovery on the equity markets, with tensions regarding the international trade conflict shifting from Europe to China. We are maintaining a neutral position in equities and are still underweight in bonds. We are overweight in alternative investments due to our position in gold.
VP Bank: buyback of shares on the standard trading line
VP Bank is launching a public share buyback programme for a maximum of 180,000 listed registered shares A on the standard trading line on SIX Swiss Exchange. The buyback period will run for up to one year.
Online banking transactions made easy with the launch of the new VP Bank e-banking
VP Bank is launching an updated e-banking system for private clients, corporate clients and intermediaries in May 2018. The new VP Bank e-banking features a user-friendly design while meeting the most stringent of security requirements.
Annual General Meeting of VP Bank: All motions accepted
At the 55th ordinary Annual General Meeting of VP Bank held in Vaduz on Friday, 27 April 2018, shareholders approved all of the motions put forward by the Board of Directors. Raised dividends of CHF 5.50 per registered share A and CHF 0.55 per registered share B were approved.