VP Bank Group Semi-annual Report 2012

Transcription

1 VP Bank 8 August 01 VP Bank Group Semi-annual Report 01 Welcoming remarks Fredy Vogt Chairman of the Board of Directors 1

2 Program 1 3Project landscape and cooperations 4 Welcoming remarks Fredy Vogt, Chairman of the Board of Directors Juerg W. Sturzenegger, Chief Operating Officer Strategic orientation Semi-annual results 01 and regulations Siegbert Näscher, Chief Financial Officer Fredy Vogt, Chairman of the Board of Directors 5Questions and answers 3 Semi-annual results 01 and regulations Siegbert Näscher Chief Financial Officer 4

3 Overview of topics Profile as at 30 June 01 Consolidated income statement Consolidated balance sheet Client assets Segments Summary & outlook 5 VP Bank Group Profile as at 30 June 01 CHF million shareholders equity Cost/ income ratio 59.0% 735 employees (FTE) CHF 4.7 million consolidated net income CHF 10.7 billion total assets CHF 7.6 billion client assets under management 6 3

4 Consolidated income statement 7 Total operating income 30/06/011 in CHF million % Interest income Commission business Trading activities Financial instruments Other income Total operating income 8 4

5 Operating expenses 30/06/011 in CHF million % Personnel expenses General and administrative expenses Operating expenses 9 Depreciation and amortization /06/011 in CHF million 14.7% Depreciation and amortization 10 5

6 Valuation allowances, provisions and losses /06/011 in CHF million 0.4 Valuation allowances, provisions and losses 11 Consolidated net income in CHF million Total net operating income Operating expenses Depreciation & amortization, provisions Income taxes Consolidated net income 1 6

7 Consolidated balance sheet 13 Total assets /1/011 in CHF billion 0.7% Total assets 14 7

8 Shareholders equity in Mio. CHF Coupon tax on old reserves Shareholders equity 01/01/01 Net income Shareholders equity Treasury shares, LTI and foreign-currency translation differences Financial instruments FVTOCI Dividend distribution 16 Due from customers +.7% 6% 7% 11% in CHF million 31/1/011 Due from customers Mortgage collateral Other collateral Unsecured

9 Client assets 17 Client assets /1/011 in CHF billion 8 %. % 58 % 8 % 7 % Client assets Assets in self-administrated investment funds Assets in discretionary asset-management accounts Other client assets under management Custody assets 18 9

10 Client assets under management /1/011 in CHF billion Client assets Performance under management 31/1/011 Net new money loss Client assets under management 19 Client assets under management currencies 31/1/011 VP Bank Group as at 13% 1% 9% 3% 9% 3% CHF EUR USD Other 36% 35% 0 10

11 Client assets under management asset classes 31/1/011 VP Bank Group as at 3% 1% 3% 33% 1% 33% Liquidity Bonds Equities 18% 5% 18% Investment funds Other 5% 1 Segments 11

12 Overview of segments as at * in CHF Banking Liechtenstein & Regional Market Private Banking International Chief Operating Officer CFO & Corporate Center Group Group net result before tax*.9 mn 1.0 mn 1.1 mn 18.4 mn 8.3 mn Client assets under management* 17.7 bn 9.7 bn 0.0 bn 0. bn 7.6 bn Headcount (full-time equivalents) Summary 4 1

13 VP Bank group summary semi-annual results 01 Net new money loss of CHF 0. billion Consolidated net income 4.7 million Excess equity capital Assets under management stable 5 Regulations 6 13

14 Regulatory issues FATCA: Agreement will be signed Flat-rate settlement tax: Germany and Austria FATF predicate offences Crossborder MiFID II Basel III AIFMD 7 Project landscape and cooperations Juerg W. Sturzenegger Chief Operating Officer 8 14

15 Extract of measures and projects 9 New IT competence centre in Liechtenstein (1/) VP Bank has concluded an agreement with Inventx AG for the founding of an IT competence centre in Liechtenstein. VP Bank will transfer its IT competencies and tasks to the new entity. The new IT competence centre will be realised by combining the IT workforce of VP Bank with the proven structures and services of Inventx AG. The new company will be positioned as an independent, leading, bank-it service provider in Liechtenstein for the local and Swiss market

16 New IT competence centre in Liechtenstein (/) IT is of vital importance in our ability to render banking services. The significance of technology will increase further both for our bank and in general. Ensuring the peak performance of IT tasks is a strategic priority. This collaboration with Inventx makes it possible to safeguard and further develop IT competencies to the benefit of VP Bank. The venture also secures jobs and opens up new perspectives for our IT employees. Cost savings can be achieved. 31 Strategic orientation Fredy Vogt Chairman of the Board of Directors 3 16

17 Questions & Answers