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With a Group net income of CHF 14.4 million, net new money inflow of approximately CHF 1 billion, an improved cost structure and an increase in operating income of 2.5 per cent to CHF 166.8 million, VP Bank Group has proven its crisis resilience in the first six months of a year turned upside down by the coronavirus pandemic.
Key facts for the first half of 2020 at a glance:
- Another strong net new money inflow of approximately CHF 1.0 billion
- Group net income of CHF 14.4 million after one-off valuation adjustment announced previously
- Operating income increased by CHF 4.1 million to 166.8 million
- Stable cost structure with reduced personnel, general and administrative expenses
- Solid balance sheet with a high tier 1 ratio...
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