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VP Bank Group announces good 2021 semi-annual results through growth in assets under management, success from the commission and services business and improved cost efficiency. VP Bank recorded solid results for the first half of 2021. Group net income rose significantly versus the prior-year period to reach CHF 29.9 million. Client assets under management increased by roughly 11 per cent, and the cost/income ratio declined to 79.4 per cent, thereby continuing the trends seen in recent years and demonstrating that VP Bank Group has entered its new strategy cycle on a firm foundation.
Key financial highlights of the first half of 2021 at a glance:
- Group net income increased by 108.3 per cent to CHF 29.9 million (previous year: CHF 14.4 million after a one-time...
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