In the 2025 financial year, VP Bank significantly increased its annual profit while markedly improving its operational efficiency. As the institute announced on Tuesday, operating income rose, while the cost base was substantially reduced.

Annual profit amounted to 47,0 million francs, representing an increase of 154,6 percent compared to the previous year. The cost/income ratio improved by 10 percentage points to 83,2 percent. With a Tier 1 ratio of 26,1 percent and a liquidity coverage ratio of 180,4 percent, the bank continues to maintain strong capitalisation and solid liquidity.

Assets under management and net new money increase

Assets under management rose by 5,8 percent to 53,7 billion francs. Growth was driven by positive market performance as well as net new money inflows of 1,2 billion francs, corresponding to growth of 2,3 percent.

The loan volume remained stable at 5,9 billion francs. «Less profitable loans were reduced, while funds were reallocated to more profitable lending relationships,» the statement said.

Commission and trading business expand

Operating income increased by 2,1 percent to 337,3 million francs. Key contributions came from commission and service business, which rose by 3,3 percent to 141,6 million francs. Trading income increased by 13,2 percent to 34,9 million francs as a result of higher client activity.

By contrast, net interest income declined by 5,4 percent to 144,5 million francs. This was due to the monetary policy environment, with currency effects additionally weighing on operating income.

Cost base sustainably reduced

Operating expenses fell by 8,9 percent to 280,8 million francs. Personnel expenses declined by 5,7 percent to 172,8 million francs, while general and administrative expenses decreased by 9,2 percent to 77,7 million francs. Depreciation and amortisation were reduced by 21,1 percent to 29,2 million francs.

With the completion of its efficiency programme, VP Bank has structurally lowered its cost base. At the same time, it implemented a focused market and segment strategy, further stabilised the organisation and strengthened management.

Group CEO Urs Monstein stated: «The annual result shows that we have delivered on our strategic announcements. Despite a challenging environment, we were able to reduce our cost base and further develop key growth drivers. On this basis, we are now focusing on further strengthening our sustainable earning power.»

Challenging outlook for 2026

For 2026, VP Bank expects the environment to remain challenging, characterised by geopolitical uncertainties, restrictive monetary conditions and a further decline in net interest income.

The bank intends to consistently pursue its strategic course. The focus will be on stronger sales orientation and high operational efficiency combined with continued cost discipline. Thanks to its solid capital base, comfortable liquidity position and clear strategic direction, VP Bank considers itself well positioned to generate stable earnings and create long-term value for clients and other stakeholders.