So it happened for VP Bank, which last year showed good business growth and important technology developments.
“We are delighted and proud to receive the award for Bank of the Year 2007 for Liechtenstein,” says chief executive Adolf E Real. “The award confirms that we are on the right track with our international strategy.
“Today, the group has subsidiaries in Zurich, Luxembourg and the British Virgin Islands, as well as asset management companies in Munich, Dubai and Hong Kong, and representative offices in Moscow and Hong Kong. In the first half of 2007, the VP Bank Group witnessed a significant increase in consolidated net income and net new money. On June 30, 2007, total assets stood at SFr10.1bn (€6.1bn), while client assets amounted to SFr39.6bn.
“VP Bank Group has an A (A/stable/A-1) rating by Standard & Poor’s, thus making it one of the few officially rated private banks in Liechtenstein and Switzerland.”
