History

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.

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.

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.

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.

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.

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.

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.