Ad hoc

2015 annual results of VP Bank Group: substantially higher Group net income of CHF 64 million

  ·   Ad hoc announcement pursuant to Art. 53 LR
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VP Bank Group is expecting a substantially higher Group net income, in comparison to the previous year, of about CHF 64 million. The result has been significantly influenced by the merger with Centrum Bank AG.

VP Bank Group ended the past financial year with a substantially higher Group net income of about CHF 64 million. Net income for 2014 reached CHF 20 million. The 2015 annual results will be characterised by the merger of VP Bank Ltd with Centrum Bank AG and the associated additional revenue and expenditure. Against this backdrop, a gross income of CHF 307 million was achieved, while operating expenses totalled CHF 182 million. As at the end of 2015, client assets under management at VP Bank Group amounted to CHF 34.8 billion. This corresponds to an increase of around 12 per cent on the previous-year level of CHF 30.9 billion.

 

Please note

These are unaudited figures. Further information about the 2015 annual results will be issued at the media and analyst conference on 8 March 2016.