The Vaduz-based Kaiser Partner Privatbank reported a record result for 2025, with net profit rising by 34.4 percent to 12.2 million francs, according to its annual report.

Gross income increased by 11.9 percent to 59.9 million francs, while assets under management climbed to 9.7 billion francs, up 17.9 percent year-on-year. The bank attracted 1.49 billion francs in net new money, underscoring continued client demand for its advisory model.

Inflows drive growth

The strong inflow of client assets was a key driver of the bank’s expansion. According to the annual report, the steady rise in assets reflects both the attractiveness of its holistic advisory approach and the stability of its client relationships.

The growth trajectory had already become apparent in the first half of the year (as reported by finews) and continued through the second half, lifting full-year profitability.

Margin expansion offsets rate shift

On the revenue side, the composition shifted. Net interest income rose sharply, supported by a decline in interest expenses, which more than offset broadly stable interest income.

According to the income statement, interest income remained almost unchanged, while interest expenses fell significantly, resulting in a 51 percent increase in net interest income.

Commission and service income continued to grow at a more moderate pace, rising by 6.9 percent and remaining the bank’s main revenue pillar.

Costs increase, efficiency improves

Operating expenses rose by 10.2 percent to 40.9 million francs, reflecting targeted investments in IT infrastructure, regulatory requirements, and personnel expansion. Despite higher costs, profitability improved disproportionately, pointing to increasing operating leverage.

The balance sheet expanded to 880 million francs, while the Tier 1 capital ratio stood at 26 percent, underlining the bank’s conservative positioning and financial resilience.

«Navigation through uncertainty»

«Trust is built on values put into practice – and on a genuine connection with our customers», said Fritz Kaiser, Chairman of the Board of Directors.

Chief Executive Officer Christian Reich added that growth reflects the bank’s positioning in uncertain times: «What matters is that we offer our clients reliability, quality and safe navigation through uncertainty, even in a challenging environment.»