In the first six months of 2025, Bank Frick posted a net profit of 4.5 million Swiss francs, representing an 18 percent decrease compared with the same period last year. 

According to the Balzers-based institution, the first half of the year was marked by geopolitical tensions, a weaker US dollar, and declining interest rates.

Among the bank's three main sources of income, trading activity grew by 13 percent to 16.9 million francs. Commission and services income remained broadly stable at  9.2 million francs (-0.3 percent). Net interest income declined slightly by 3.5 percent to 20.2 million francs.

Significant Net Outflows

Client assets under management stood at 5.03 billion francs as of mid-year, down 11 percent compared with year-end 2024 (5.6 billion francs). Net new money outflows amounted to 284 million francs in the first half. The bank stated that this development is consistent with normal dynamics in a competitive market environment.

Bank Frick continued to invest in strategic projects and IT infrastructure. Personnel expenses rose by 5 percent, while overall operating expenses increased by 3.9 percent to 38.2 million francs.

Growth Outlook

The bank emphasized that these investments are a key element in achieving its growth objects. «We anticipate substantial growth in the coming years. Our investments are paying off and ensure product leadership in areas critical to us,» said Chairman Mario Frick.

Looking ahead, the bank expects continued geopolitical tensions, protectionist tendencies in global trade, and economic uncertainties.

«Nevertheless, we remain confident that we will deliver positive results in the second half of the year and see growth opportunities ahead. We are therefore maintaining our full-year net profit guidance of 9 million francs for 2025,» stated CFO Melanie Mündle.