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Adam Abdellaoui
Of Counsel
Your consultant
VP Bank (Schweiz) AG — Bank account opening in Switzerland
Date of last update: 12 January 2026
VP Bank AG, headquartered in Vaduz (Liechtenstein), is a specialized private banking and wealth management institution with international presence in Switzerland, Luxembourg, Singapore, and the British Virgin Islands. The registered shares A (ticker VPBN) are traded on the SIX Swiss Exchange and offer investors access to a niche player in European wealth management with assets under management of CHF 51.9 billion (as of June 2025).
+41 (44) 5152530
VP Bank AG (VPBN)
Market Data: SIX Swiss Exchange
Market Capitalization
CHF 536.86M
Jan 2026
Assets Under Management
CHF 51.9bn
June 2025
Dividend Yield
4.64%
Based on CHF 4.00
P/E Ratio (TTM)
15.0x
Sector Avg: 13.4x
Security Information
ISIN
LI0315487269
WKN
A2AJDV
Ticker
VPBN
Sector
Private Banking
Dividend Policy & History
Target Payout: 40-60% of Net Profit
Next Payment Forecast CHF 4.26
Projected Ex-Date April 29, 2026
Fiscal Year
Dividend
Yield
2024
CHF 4.00
5.20%
2023
CHF 5.00
5.70%
2022
CHF 5.00
5.70%
Investment Thesis 2026
Key Strengths
Resilient Capital Position
Tier 1 ratio of 22.8% significantly exceeds the 20% internal target and regulatory requirements.
Asian Expansion
Strategy 2026 targets 1/3 of profits from Asia, supported by partners like Hywin.
Niche Market Leadership
Dominant position in Liechtenstein fiduciary services and BVI real estate financing.
Key Risks
Negative Ratings Outlook
SP Global revised outlook to negative in Oct 2025 due to strategy execution risks.
Cost-Income Pressure
Relatively high CIR of 93.3% makes the ≤70% target by end-2026 ambitious.
Interest Rate Volatility
Deposit competition is increasing funding costs, potentially compressing margins.
H1 2025 Financial Results
Net Profit
CHF 28.8M
Improved YoY
Total Operating Income
CHF 175.4M
+8% YoY
Net New Money Growth
8.3%
Annualized (CHF 2.1bn)
Analyst Consensus & Targets
Average Price Target
CHF 113.00
+31.2% Upside Potential
Based on limited coverage. Consensus rating: Hold.
Lowest Target (Bear Case)
CHF 70.00
-17.8% from current levels
Research Partners AG (August 2024)
Maria Werner
Of Counsel – specialized in corporate law and tax law
info@goldblum.ch
+41 (44) 5152530
VP Bank AG
Founded in 1956 in Vaduz, Liechtenstein, VP Bank specializes in intermediary business and private banking. It operates internationally across key financial centers.
Strategy 2026 Goal: CHF 100 million Annual Profit
Key Management: Dr. Urs Monstein (CEO), Dr. Felix Brill (Intl. Locations)
International Presence
- • Liechtenstein (HQ)
- • Switzerland (Zurich)
- • Luxembourg
- • Singapore
- • British Virgin Islands
Account Opening Process
01
Initial Consultation
Schedule a 15-minute video conference or visit an office to discuss account requirements and fill out the client questionnaire.
02
Document Submission
Submit original passport, utility bill (proof of address 3 months), CV, proof of funds source, and 12-months of bank statements.
03
Verification Steps
Personal meeting with a VP Bank representative to verify original documents and identity.
04
Review & Activation
Compliance review typically takes one month. Approval is subject to KYC standards.
Key Locations
Headquarters
VP Bank Ltd (Liechtenstein)
Aeulestrasse 6
9490 Vaduz
Liechtenstein
9490 Vaduz
Liechtenstein
Tel: +423 235 66 55
Switzerland
VP Bank (Switzerland) AG
Talstrasse 59
8001 Zurich
Switzerland
8001 Zurich
Switzerland
Hours: Mon-Fri, 08:30-17:00
Frequently asked questions
VP Bank presents moderate investment attractiveness for 2026 based on its CHF 100 million profit target under Strategy 2026 and 4.64% dividend yield. The bank's Tier 1 capital ratio of 22.8% and net new money growth of 8.3% (H1 2025) demonstrate operational momentum. However, the stock trades at a P/E of 15.0x versus 13.4x sector average, pricing in significant growth expectations. S&P Global's negative outlook revision in October 2025 highlights implementation risks of the strategic plan. Investors should weigh the attractive dividend yield against valuation premium and strategy execution uncertainty.
The approved dividend for fiscal year 2024 (paid May 2, 2025) was CHF 4.00 per registered share A. For fiscal year 2025 (payable 2026), consensus forecasts estimate CHF 4.26 per share with ex-dividend date April 29, 2026, and payment date May 1, 2026. This projection remains subject to board approval at the Annual General Meeting on April 24, 2026.
VP Bank registered shares A (ticker VPBN, ISIN LI0315487269) are traded on the SIX Swiss Exchange and are accessible through most international online brokers with access to Swiss stocks. Major platforms supporting SIX Swiss Exchange trading include Interactive Brokers, Swissquote, Saxo Bank, and Degiro. Investors should verify that their broker provides access to the SIX exchange and understand applicable foreign transaction fees, currency conversion costs, and Swiss withholding tax implications (35% on dividends, potentially recoverable under double taxation treaties).
Important corporate dates for VP Bank shareholders in 2026:
- Q4 2025 Results Release: March 3, 2026, 07:00 UTC
- Annual General Meeting: April 24, 2026
- Ex-Dividend Date: April 29, 2026
- Dividend Payment Date: May 1, 2026
- Q2 2026 Quarterly Results: August 19, 2026
Shareholders receive meeting invitations four weeks before the Annual General Meeting date. Share registration closes 21 days before the meeting for voting eligibility.
- Q4 2025 Results Release: March 3, 2026, 07:00 UTC
- Annual General Meeting: April 24, 2026
- Ex-Dividend Date: April 29, 2026
- Dividend Payment Date: May 1, 2026
- Q2 2026 Quarterly Results: August 19, 2026
Shareholders receive meeting invitations four weeks before the Annual General Meeting date. Share registration closes 21 days before the meeting for voting eligibility.
The ticker symbol for VP Bank AG registered shares A is VPBN on the SIX Swiss Exchange. The ISIN is LI0315487269 and the WKN (German securities identification number) is A2AJDV. These shares are freely traded in Swiss francs (CHF) on the SIX platform.
VP Bank's stock price showed a downward trend from CHF 112.00 (2020) to CHF 77.40 (2024), representing a decline of 31%. Market capitalization fell from CHF 741 million to CHF 512 million over the same period. This performance reflects challenges in the wealth management sector, including margin pressure and transformation costs under Strategy 2026.
VP Bank offers two share classes: A registered shares (exchange-traded, nominal value CHF 10) and B registered shares (not exchange-traded, nominal value CHF 1). Both classes grant one vote per share regardless of nominal value, as stipulated in Liechtenstein Persons and Companies Law (CPCL). The free float is 53.8% (as of 2024).
Dividends from VP Bank are subject to Swiss withholding tax of 35% at source. Investors from countries with double taxation treaties (DTT) with Switzerland can apply for partial or full refund. The refund process requires Form 85 (for individuals) or 823 (for corporations) with the Swiss Federal Tax Administration (ESTV), with processing time of 6-12 months.
Strategy 2026 integrates a strong focus on sustainability, building on the bank's Liechtenstein roots. Although VP Bank has not disclosed specific ESG ratings from agencies like MSCI or Sustainalytics, the strategic plan emphasizes sustainable profitability alongside strict cost discipline and consistent strategy implementation.
Average daily trading volume (ADTV) is approximately 2,405 shares (as of January 2026), indicating limited liquidity for larger institutional positions. Investors should consider potentially wider bid-ask spreads and price volatility for larger orders. SIX Swiss Exchange trading hours: Monday-Friday, 09:00-17:30 CET.
Adam Abdellaoui
Your personal contact
Of Counsel
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