VP Bank Profit Rebounds Following Cost Initiatives
After a dismal 2024, VP Bank’s bottom line is improving in 2025 with profits more than doubling in the first six months of the year.
VP Bank’s profit more than doubled, increasing 150.2 percent year-on-year to 28.8 million Swiss francs ($35.8 million) in the first half of 2025, according to the bank’s financial results.
Operating income rose 7.8 percent to 175.4 million francs, driven by trading income and one-off income from insurance payments. Operating expenses fell 4 percent to 142.8 million francs with reductions in general and administrative expenses.
The bank posted net new money inflows of 2.1 billion francs, corresponding to an annualized growth rate of 8.3 percent, with total client assets under management increasing 2.2 percent to 51.9 billion francs.
«Strict Cost Discipline»
The improved results follow the 2024 decision to launch a package of measures aimed at increasing efficiency and accelerating growth. According to VP Bank, this has led to processes being consistently aligned with client needs, organizational redundancies eliminated and simplification of the product and pricing landscape, resulting in a lower cost base and greater focus on growth.
«The initiatives we have launched are bearing fruit, and we have managed to grow even under challenging conditions,» commented VP Bank CEO Urs Monstein. «We remain focused on sustainable profitability, strict cost discipline and the consistent implementation of our strategy.»
Cautiously Positive Outlook
Moving forward, the bank anticipates that business development will normalize in the second half of the year, partly also due to geopolitical uncertainties, after a first half that was supported by temporary special effects and above-average demand».
«However, VP Bank continues to anticipate a robust demand base and stable operating development,» it added.
