Liechtensteinscher Bankenverband Englisch
  • Contact
  • Sitemap
  • Intranet
Search
De
En
  • Banking Centre
    • Location Advantage
    • Facts & Figures
    • Villa Wirbelwind
  • Bankers Association
    • Roadmap 2025
    • Organisation
      • Member Banks
      • Associate Members
      • Board
      • Secretariat
    • Rules and Regulations
    • Network
  • Bank Clients
    • Payments
      • QR-bill
      • kontenvergleich.li
    • Mortgage credits
    • Consumer Protection
      • Investor Protection
      • Deposit Guarantee Scheme
      • Complaints
    • Avoiding Dormant Assets
    • Cyber Security
  • Newsroom
    • LBV-News
    • Member news
  • Topics
    • Sustainability
      • Liechtenstein Initiative
    • Brexit
    • Digitalisation
    • Anti-Money Laundering
    • Regulation
    • Taxes
    • Education and Training
      • Basic Training
      • Continuing Training
      • Financial Literacy
  • Events
    • Past events
close_search
Search Site
close_search
  • Banking Centre
    • Location Advantage
    • Facts & Figures
    • Villa Wirbelwind
  • Bankers Association
    • Roadmap 2025
    • Organisation
      • Member Banks
      • Associate Members
      • Board
      • Secretariat
    • Rules and Regulations
    • Network
  • Bank Clients
    • Payments
      • QR-bill
      • kontenvergleich.li
    • Mortgage credits
    • Consumer Protection
      • Investor Protection
      • Deposit Guarantee Scheme
      • Complaints
    • Avoiding Dormant Assets
    • Cyber Security
  • Newsroom
    • LBV-News
    • Member news
  • Topics
    • Sustainability
      • Liechtenstein Initiative
    • Brexit
    • Digitalisation
    • Anti-Money Laundering
    • Regulation
    • Taxes
    • Education and Training
      • Basic Training
      • Continuing Training
      • Financial Literacy
  • Events
    • Past events
  • Contact
  • Sitemap
  • Intranet

Bank Frick increases annual profit to 13.5 million Swiss francs

25 Apr 2024
  • print print
Balzers - Bank Frick has raised its annual profit for 2023 to 13.5 million Swiss francs. This is 31.8 percent higher than the previous year’s level. Client assets under management amounted to 4.1 billion Swiss francs as of December 31.
Bank Frick increases annual profit to 13.5 million Swiss francs

Newsletter

Bank Frick with headquarters in Balzers has reported increased profit for 2023 amounting to 13.5 million Swiss francs. According to the press release, this was 6.9 percent above budget expectations. The profit was 31.8 percent higher than the previous year.

Edi Wögerer, CEO of Bank Frick, which is also active in the field of blockchain banking, commented: «All four business segments contributed to the strong annual results. Interest in blockchain technology and assets is also growing steadily in the traditional financial sector.» He went on to add: «What’s more, our growth strategy has been fully vindicated.» The bank’s 25th anniversary year of 2023 was shaped by geopolitical unrest and turbulent fluctuations on the financial markets. However, budgets were exceeded in all business areas.

Wögerer further stated: «It remains difficult to predict how the global economy will perform in 2024, and hence also how business will be for Bank Frick. We expect that our result for 2024 will come in at a level similar to that of the previous year.»

Regarding individual business areas, the annual report states that net income from commission and service transactions decreased to 24.5 million Swiss francs in 2023 following a level of 32.4 million in 2022. This was around 18 percent lower than the budgeted result. Trading activities grew by 14.8 million to reach 30.6 million Swiss francs. Net interest income  amounted to 47.0 million Swiss francs, which was around 20 million Swiss francs or 74 percent higher than the previous period’s figure of 27 million.

As of December 31, 2023, client assets under management amounted to 4.1 billion Swiss francs, which corresponds to an increase of 2.39 percent versus 2022. ce/gba 

  • Disclaimer
  • Privacy Policy
  • Legal Notice

So that we can send you our newsletter, we need your express consent to process and pass on your personal data. By providing us with your email address and clicking the check box, you give your consent that we may send you news about the Bankers Association and our newsletter, and that we may process your personal data for that purpose.

By clicking the check box, you also confirm that you have taken note of our web notice and general data protection information. This consent is voluntary.

You are entitled at any time to request the LBA for information on the data we store about you. You can also exercise your right of withdrawal at any time without giving reasons and withdraw your declaration of consent with effect for the future by unsubscribing from the newsletter either by email (info@bankenverband.li) or directly via the link in the newsletter message.