History
From tradition into the future
Over the past 60 years we have shown that we not only react nimbly and dynamically to change, but we tend to stay one step ahead of the game. That is why we are one of the three largest banks in Liechtenstein, with six international locations.
Committed, competent and courageous while at the same time client-facing and focussed on security – just like our founder, the Princely Commerce Counsellor Guido Feger. We confidently carry this tradition with us into the future.

Foresight
2013
VP Bank takes over the private banking activities of HSBC Trinkaus & Burkhardt (International) SA as well as the private banking related fund business of HSBC Trinkaus Investment Managers SA, Luxembourg.
2014
The annual general meeting approves the proposal to change the name from “Verwaltungs- und Privat-Bank Aktiengesellschaft”, which had been the name used until this time, to “VP Bank AG”. This clear and succinct name will be more easily understood and match the brand name “VP Bank”.
2015
VP Bank merges with Centrum Bank, at the time the fourth-largest financial institution in Liechtenstein. The Marxer Foundation for Bank and Company Values, which until 7 January 2015 was the sole shareholder of Centrum Bank, acquired a stake in the Bank as an anchor shareholder with a value equivalent to the CHF 60 million purchase price for Centrum Bank.
With the drafting of Strategy 2020 in mid-2015, the Board of Directors of VP Bank adapts its three medium-term goals. By 2020, client assets under management, which stood at CHF 34.8 billion at the end of 2015, are expected to increase to CHF 50 billion, while Group net income is projected to increase to CHF 80 million and the cost/ income ratio to reach under 70 per cent.
The two public fixed-price offers for the repurchase of own bearer shares and registered shares are successful. Following completion of the second share repurchase, VP Bank now holds 601,500 own bearer shares and 125,912 own registered shares. It therefore owns over 9.28 per cent of the share capital, with voting rights totalling 6.05 per cent. The repurchased shares will be used for future acquisitions or for treasury management purposes.
2016
On 6 April 2016, VP Bank celebrates its 60th anniversary. VP Bank shares record a more than 37% gain in 2016 and are among the equity market winners. The Standard & Poor’s rating agency takes the successful business model into account and raises its outlook for VP Bank from “negative” to “stable”.
2017
At the beginning of the year, two new business units are established at Group management level: “General Counsel and Chief Risk Officer” and “Investment Solutions”. As part of its “Next” programme, VP Bank initiates several wide-ranging digitalisation projects, and at mid-year launches a website with the most up-to-date portal technology. This smooths the way for the build-up of a secure and flexible client portal that satisfies client needs with scalable modular services. The Standard & Poor’s ratings agency confirms VP Bank’s excellent "A-” rating and raises its outlook from “stable” to “positive”. The VP Bank brand’s positioning is reviewed and in August 2017 the bank introduces a fresh new brand design.
2018
The locations in Zurich and Luxembourg move into new offices with state-of-the-art infrastructure. In spring, Dr Felix Brill as Chief Investment Officer and Dr Urs Monstein as Chief Operating Officer complete the Group Executive Management. In May 2018, the rating agency "Standard & Poor's" raises VP Bank's rating from "A-" to "A" with a stable outlook. In the spring, the new e-banking system is launched with an advanced portal technology. Through the deals with Catella Bank and Carnegie, VP Bank enters the Scandinavian market at the end of the year.

Stamina
2009
The Board of Directors confirms the Bank’s basic strategic focus. Its core competencies include the intermediaries business as well as international private banking. In Liechtenstein and the Eastern Switzerland region, the Bank also wants to be the preferred partner among business, credit and retail clients.
In mid-2009, CEO Adolf E. Real leaves VP Bank after over 26 years with the company.
2011
VP Bank is preparing for the challenges of the future. Luxembourg is the final Bank subsidiary to begin working with the new Avaloq banking software. This will make it easier and more efficient to provide products and services for VP Bank Group, as well as to accommodate the individual requirements of each client.
2012
The Chairman of the Board of Directors and Princely Counsel Hans Brunhart hands over his position to Fredy Vogt, who has performed various management functions at VP Bank since 1987. Hans Brunhart served on the VP Bank Board of Directors for 18 years, including 16 years as Chairman.

Differences in elevation
2003
The BZ Gruppe Holding Aktiengesellschaft, which fell into difficulties in 2002, sells its share in VP Bank, which equates to 32.9 per cent of the capital and 15.2 per cent of the votes. VP Bank assumes the block of shares itself, destroys the majority of the securities and reduces the share capital from CHF 85.5 million to CHF 59.1 million.
2004
After a construction period of 3 years, VP Bank starts operations at the new service centre in Triesen, Liechtenstein, with 230 employees.
2005
Standard & Poor’s gives VP Bank an “A–“ rating. It is thus one of the few officially rated private banks in the Swiss franc region. VP Bank opens a Representative Office in Moscow.
2006
The reception hall at the client centre in Vaduz is refurbished and transformed into a feel-good oasis.
2007
VP Bank opens an asset management company in Hong Kong.
The VP Bank Foundation is established to mark the Bank’s 50th anniversary in 2006.
2008
With the foundation of its banking subsidiary in Singapore, VP Bank Group is now represented in 7 locations. VP Bank has to report a negative Group result for the first time in its history.

The road to success
1980
The new VP Bank head office at Aeulestrasse 6, Vaduz, is built in the years preceding 1984.
1982
The share of total assets accounted for by equity increases to 10.3 per cent. This figure is significantly higher than the average for Swiss banks.
1983
On 7 March, VP Bank launches its own shares on the Zurich Exchange’s side market. In the form of the VP Bank shares, a Liechtenstein equity security is traded on an exchange for the first time.
1984
The spatial conditions for the 150 employees, which had been very cramped until this time, are improved significantly upon occupancy being taken of the prestigious new Bank building at Aeulestrasse 6, Vaduz.
The International Advisory Board is created as a consultative body, which goes on to advise VP Bank until 2010.
1987
From 18 March, the VP Bank securities are traded on the main stock exchanges in Zurich, Basel, Geneva and St. Gallen. The participation capital is increased to CHF 30 million and participation certificates commence trading on the exchanges in Frankfurt a. M. and Munich.
1988
VP Bank strengthens its international activities. It establishes VP Bank (Luxembourg) SA, which receives a full license in 1989. In Zurich, the Bank sets up VPB Finance Ltd.
1990
On 20 April, the annual general meeting elects Princely Councillor of Commerce Dr Heinz Batliner as the first full-time Chairman of the VP Bank Board of Directors.
1991
To alleviate the need for space, VP Bank expands the main building in Vaduz between 1991 and 1994 with the new modernly designed “Giessen” building, where a trading centre is developed.
1995
Together with Allgemeines Treuunternehmen (ATU), VP Bank sets up VP Bank and Trust Company (BVI) Ltd as a joint venture on the British Virgin Islands. Its subsidiary, VP Bank (BVI) Ltd, receives its banking license on 29 September.
1996
Between 1996 and 1998, VP Bank’s top management undergoes a generation change. At the annual general meeting of 19 April, Princely Counsel Hans Brunhart, the long-time Liechtenstein head of government, takes over as Chairman of the Board of Directors from Heinz Batliner, who is appointed Honorary Chairman. The Executive Board is supplemented by the corporate planning area headed up by Fredy Vogt. In 1998, Dr Rolf Kormann hands over the position as Chairman of the Executive Board to Adolf E. Real.
1999
With “VP Link”, professional clients are given the opportunity to process their transactions electronically. This option is also provided to private clients from December 2000 with “more4u”. Both products are replaced by the “VP Bank e-banking” platform in 2004.
IFOS Internationale Fonds Service Aktiengesellschaft, Vaduz, (today VP Fund Solutions (Liechtenstein) AG), is founded.
2000
In the 2000 financial year, VP Bank generates the best result since its foundation with a Group net income of CHF 197 million.

Turbulent weather
1970
In a further first for Liechtenstein, VP Bank puts an ATM into operation in 1970 and introduces the night safe.
1971
As the first Liechtenstein bank to do so, VP Bank joins the Swiss bank clearing system. Clients and the Bank immediately benefit from quicker payment processing.
1973
Together with Allgemeines Treuunternehmen (ATU), VP Bank purchases an IT system and on 1 April 1975 introduces electronic data processing.
1974
Within the framework of a capital increase the “Stiftung Fürstl. Kommerzienrat Guido Feger” foundation only exercises half of its subscription rights in support of new shareholders. As the first bank in Liechtenstein to do so, VP Bank opens itself up and gives up shares to the public and its employees.
1975
VP Bank receives a full license for the processing of all banking transactions. From this time on, the Bank also offers savings accounts, accounts for young persons, retirement savings accounts and mortgages.
1976
The founder of VP Bank, Princely Councillor of Commerce Guido Feger, dies on 1 September at the age of 83. His nephew, Dr Wolfgang Feger, becomes the new Chairman.
1978
VP Bank participates in the first Liechtenstein Industry, Commerce and Trade Exhibition (LIHGA) with the slogan “VPB – the Bank for everyone. Your Bank for everything”.
1979
In the form of Martin Hilti Familientreuhänderschaft (today known as U.M.M. Hilti-Stiftung) a second anchor shareholder is thus added.
The counter hall at the Bank’s premises in Städtle, Vaduz, undergoes a lavish refurbishment.

Tailwind
1963
VP Bank publishes a printed annual report for the first time for the 1963 financial year.
1964
VP Bank gains in prestige: it is admitted to the Swiss Bankers Association in 1965 and to the Association of Swiss Exchanges in 1966.
1967
The tying of the banking license to the founder and the time limit imposed on VP Bank are lifted by the Liechtenstein Landtag. In return, the Bank undertakes to ensure that at least 60 per cent of the voting rights and 51 per cent of the share capital remain under the legal and economic ownership of Liechtenstein citizens at all times.
1968
VP Bank and Allgemeines Treuunternehmen (ATU) establish the Treuhand-Personalstiftung as an endowment fund with an initial injection of CHF 1 million.
1969
VP Bank is the first bank in Liechtenstein to introduce a salary account for cashless payment transactions – named the “personal account” – as well as the Swiss Cheque. In doing so, the Bank has its finger firmly on the pulse of the times.

An aspirational mindset
1956
Princely Councillor of Commerce Guido Feger (1893–1976), owner of Allgemeines Treuunternehmen (ATU) in Liechtenstein, receives a license to “run a banking business” on 4 April. As this license is initially tied to Feger personally, the Bank has to refrain from conducting domestic transactions in order to avoid finding itself in competition with the LLB. On 6 April, Guido Feger founds Verwaltungs- und Privat-Bank Anstalt with an initial capital of CHF 2 million.
1957
Olaf Walser (ATU), the long-time closest confidant of the founder Guido Feger, is appointed as VP Bank’s first authorised officer. In January 1963, he is elected to the Board of Directors, of which he remains a member until 2001; he assumes the role of Vice Chairman for a quarter of a century.
1960
Princely Councillor of Commerce Dr Heinz Batliner takes over as General Manager and makes a decisive contribution to various aspects at the Bank. Olaf Walser obtains a license for the operation of a currency exchange office and thus helps the ambitious VP Bank to open a counter at Städtle 14, Vaduz.
1962
In accordance with the provisions of the new Banking Act, the Verwaltungs- und Privat-Bank Anstalt is converted into a joint-stock corporation at the end of the year. The equity capital is owned by the “Stiftung Fürstl. Kommerzienrat Guido Feger” foundation, with which the founder provides the shareholder base with a solid foundation that lasts beyond his lifetime.