Skip to main content


From tradition into the future

Our history is what gives VP Bank its character. Let us take you on a short journey through our history.

Over the past 60 years we have shown that we not only react nimbly and dynamically to change, but we tend to stay one step ahead of the game. That is why we are one of the three largest banks in Liechtenstein, with six international locations.

Committed, competent and courageous while at the same time client-facing and focussed on security – just like our founder, the Princely Commerce Counsellor Guido Feger. We confidently carry this tradition with us into the future.

2013 -2019
VP Bank Mitarbeiter Handel


Independence and profitable growth form the cornerstones of VP Bank’s stategic focus.


VP Bank takes over the pri­vate bank­ing ac­tiv­i­ties of HSBC Trinkaus & Burkhardt (In­ter­na­tional) SA as well as the pri­vate bank­ing re­lated fund busi­ness of HSBC Trinkaus In­vest­ment Man­agers SA, Lux­em­bourg.



The an­nual gen­eral meet­ing ap­proves the pro­posal to change the name from “Ver­wal­tungs- und Pri­vat-Bank Ak­tienge­sellschaft”, which had been the name used un­til this time, to “VP Bank AG”. This clear and suc­cinct name will be more eas­ily un­der­stood and match the brand name “VP Bank”.



VP Bank merges with Cen­trum Bank, at the time the fourth-largest fi­nan­cial in­sti­tu­tion in Liecht­en­stein. The Marxer Foun­da­tion for Bank and Com­pany Val­ues, which un­til 7 Jan­u­ary 2015 was the sole share­holder of Cen­trum Bank, ac­quired a stake in the Bank as an an­chor share­holder with a value equiv­a­lent to the CHF 60 mil­lion pur­chase price for Cen­trum Bank.

With the draft­ing of Strat­egy 2020 in mid-2015, the Board of Di­rec­tors of VP Bank adapts its three medium-term goals. By 2020, client as­sets un­der man­age­ment, which stood at CHF 34.8 bil­lion at the end of 2015, are ex­pected to in­crease to CHF 50 bil­lion, while Group net in­come is pro­jected to in­crease to CHF 80 mil­lion and the cost/ in­come ra­tio to reach un­der 70 per cent.

The two pub­lic fixed-price of­fers for the re­pur­chase of own bearer shares and reg­is­tered shares are suc­cess­ful. Fol­low­ing com­ple­tion of the sec­ond share re­pur­chase, VP Bank now holds 601,500 own bearer shares and 125,912 own reg­is­tered shares. It there­fore owns over 9.28 per cent of the share cap­i­tal, with vot­ing rights to­talling 6.05 per cent. The re­pur­chased shares will be used for fu­ture ac­qui­si­tions or for trea­sury man­age­ment pur­poses.



On 6 April 2016, VP Bank cel­e­brates its 60th an­niver­sary. VP Bank shares record a more than 37% gain in 2016 and are among the equity market winners. The Standard & Poor’s rating agency takes the successful business model into account and raises its outlook for VP Bank from “negative” to “stable”.



At the beginning of the year, two new business units are established at Group management level: “General Counsel and Chief Risk Officer” and “Investment Solutions”. As part of its “Next” programme, VP Bank initiates several wide-ranging digitalisation projects, and at mid-year launches a website with the most up-to-date portal technology. This smooths the way for the build-up of a secure and flexible client portal that satisfies client needs with scalable modular services. The Standard & Poor’s ratings agency confirms VP Bank’s excellent "A-” rating and raises its outlook from “stable” to “positive”. The VP Bank brand’s positioning is reviewed and in August 2017 the bank introduces a fresh new brand design.



The locations in Zurich and Luxembourg move into new offices with state-of-the-art infrastructure. In spring, Dr Felix Brill as Chief Investment Officer and Dr Urs Monstein as Chief Operating Officer complete the Group Executive Management. In May 2018, the rating agency "Standard & Poor's" raises VP Bank's rating from "A-" to "A" with a stable outlook. In the spring, the new e-banking system is launched with an advanced portal technology. Through the deals with Catella Bank and Carnegie, VP Bank enters the Scandinavian market at the end of the year.



Following the departure of Alfred W. Moeckli in January 2019, Paul H. Arni takes up his activities as the new CEO of VP Bank Group in October 2019. As part of the on-going upgrades to the client portal, a simple, secure and independent login procedure is introduced with VP Bank Connect. In July 2019, VP Bank Ltd and Hywin Wealth Management Co. announce their intention to develop a joint collaboration platform in Hong Kong. In August 2019, Standard & Poor's confirm the "A" rating and stable outlook for VP Bank. The German financial markets supervisory authority provides VP Bank (Switzerland) Ltd easier access to the German market. In November 2019, VP Bank Ltd successfully issues its first senior non-preferred 10-year bond totalling CHF 155 million.

2009 – 2012
Mitarbeiter formen das Logo der VP Bank


The foreseeable alignment with international standards in the area of cross-border asset management increasingly dilutes national location-specific advantages.


The Board of Di­rec­tors con­firms the Bank’s ba­sic strate­gic fo­cus. Its core com­pe­ten­cies in­clude the in­ter­me­di­aries busi­ness as well as in­ter­na­tional pri­vate bank­ing. In Liecht­en­stein and the East­ern Switzer­land re­gion, the Bank also wants to be the pre­ferred part­ner among busi­ness, credit and re­tail clients.
In mid-2009, CEO Adolf E. Real leaves VP Bank af­ter over 26 years with the com­pany.



VP Bank is prepar­ing for the chal­lenges of the fu­ture. Lux­em­bourg is the fi­nal Bank sub­sidiary to be­gin work­ing with the new Avaloq bank­ing soft­ware. This will make it eas­ier and more ef­fi­cient to pro­vide prod­ucts and ser­vices for VP Bank Group, as well as to ac­com­mo­date the in­di­vid­ual re­quire­ments of each client.



The Chair­man of the Board of Di­rec­tors and Princely Coun­sel Hans Brun­hart hands over his po­si­tion to Fredy Vogt, who has per­formed var­i­ous man­age­ment func­tions at VP Bank since 1987. Hans Brun­hart served on the VP Bank Board of Di­rec­tors for 18 years, in­clud­ing 16 years as Chair­man.

2001 – 2008
VP Bank Servicezentrum in Triesen

Differences in elevation

The Liechtenstein financial centre crisis and the stock market crisis have a decisive impact on the performance of VP Bank Group.


The BZ Gruppe Holding Aktiengesellschaft, which fell into dif­fi­cul­ties in 2002, sells its share in VP Bank, which equates to 32.9 per cent of the cap­i­tal and 15.2 per cent of the votes. VP Bank as­sumes the block of shares it­self, de­stroys the ma­jor­ity of the se­cu­ri­ties and re­duces the share cap­i­tal from CHF 85.5 mil­lion to CHF 59.1 mil­lion.



Af­ter a con­struc­tion pe­riod of 3 years, VP Bank starts op­er­a­tions at the new ser­vice cen­tre in Triesen, Liecht­en­stein, with 230 em­ploy­ees.



Stan­dard & Poor’s gives VP Bank an “A–“ rat­ing. It is thus one of the few of­fi­cially rated pri­vate banks in the Swiss franc re­gion. VP Bank opens a Rep­re­sen­ta­tive Of­fice in Moscow.



The re­cep­tion hall at the client cen­tre in Vaduz is re­fur­bished and trans­formed into a feel-good oa­sis.



VP Bank opens an as­set man­age­ment com­pany in Hong Kong.

The VP Bank Foun­da­tion is es­tab­lished to mark the Bank’s 50th an­niver­sary in 2006.



With the foun­da­tion of its bank­ing sub­sidiary in Sin­ga­pore, VP Bank Group is now rep­re­sented in 7 lo­ca­tions. VP Bank has to re­port a neg­a­tive Group re­sult for the first time in its his­tory.

1980 – 2000
Hauptsitz in Vaduz 1984

The road to success

During the 1980S, VP Bank enjoys an extraordinarily high level of client demand.


The new VP Bank head of­fice at Aeulestrasse 6, Vaduz, is built in the years pre­ced­ing 1984.



The share of to­tal as­sets ac­counted for by eq­uity in­creases to 10.3 per cent. This fig­ure is sig­nif­i­cantly higher than the av­er­age for Swiss banks.



On 7 March, VP Bank launches its own shares on the Zurich Ex­change’s side mar­ket. In the form of the VP Bank shares, a Liecht­en­stein eq­uity se­cu­rity is traded on an ex­change for the first time.



The spa­tial con­di­tions for the 150 em­ploy­ees, which had been very cramped un­til this time, are im­proved sig­nif­i­cantly upon oc­cu­pancy be­ing taken of the pres­ti­gious new Bank build­ing at Aeulestrasse 6, Vaduz.

The In­ter­na­tional Ad­vi­sory Board is cre­ated as a con­sul­ta­tive body, which goes on to ad­vise VP Bank un­til 2010.



From 18 March, the VP Bank se­cu­ri­ties are traded on the main stock ex­changes in Zurich, Basel, Geneva and St. Gallen. The par­tic­i­pa­tion cap­i­tal is in­creased to CHF 30 mil­lion and par­tic­i­pa­tion cer­tifi­cates com­mence trad­ing on the ex­changes in Frank­furt a. M. and Mu­nich.



VP Bank strength­ens its in­ter­na­tional ac­tiv­i­ties. It es­tab­lishes VP Bank (Lux­em­bourg) SA, which re­ceives a full li­cense in 1989. In Zurich, the Bank sets up VPB Fi­nance Ltd.



On 20 April, the an­nual gen­eral meet­ing elects Princely Coun­cil­lor of Com­merce Dr Heinz Bat­liner as the first full-time Chair­man of the VP Bank Board of Di­rec­tors.



To al­le­vi­ate the need for space, VP Bank ex­pands the main build­ing in Vaduz be­tween 1991 and 1994 with the new mod­ernly de­signed “Giessen” build­ing, where a trad­ing cen­tre is de­vel­oped.



To­gether with All­ge­meines Treu­un­ternehmen (ATU), VP Bank sets up VP Bank and Trust Com­pany (BVI) Ltd as a joint ven­ture on the British Vir­gin Is­lands. Its sub­sidiary, VP Bank (BVI) Ltd, re­ceives its bank­ing li­cense on 29 Sep­tem­ber.



Be­tween 1996 and 1998, VP Bank’s top man­age­ment un­der­goes a gen­er­a­tion change. At the an­nual gen­eral meet­ing of 19 April, Princely Coun­sel Hans Brun­hart, the long-time Liecht­en­stein head of gov­ern­ment, takes over as Chair­man of the Board of Di­rec­tors from Heinz Bat­liner, who is ap­pointed Hon­orary Chair­man. The Ex­ec­u­tive Board is sup­ple­mented by the cor­po­rate plan­ning area headed up by Fredy Vogt. In 1998, Dr Rolf Ko­r­mann hands over the po­si­tion as Chair­man of the Ex­ec­u­tive Board to Adolf E. Real.



With “VP Link”, pro­fes­sional clients are given the op­por­tu­nity to process their trans­ac­tions elec­tron­i­cally. This op­tion is also pro­vided to pri­vate clients from De­cem­ber 2000 with “more4u”. Both prod­ucts are re­placed by the “VP Bank e-bank­ing” plat­form in 2004.

IFOS In­ter­na­tionale Fonds Ser­vice Ak­tienge­sellschaft, Vaduz, (to­day VP Fund So­lu­tions (Liecht­en­stein) AG), is founded.



In the 2000 fi­nan­cial year, VP Bank gen­er­ates the best re­sult since its foun­da­tion with a Group net in­come of CHF 197 mil­lion.

1970 – 1979
EDV-Anlage 1975

Turbulent weather

VP Bank performs remarkably well during the economically well during the economically difficult 1970s. The full licence obtained in 1975 accelerates growth to an almost extraordinary level, despite the challenging framework conditions.


In a fur­ther first for Liecht­en­stein, VP Bank puts an ATM into op­er­a­tion in 1970 and in­tro­duces the night safe.



As the first Liecht­en­stein bank to do so, VP Bank joins the Swiss bank clear­ing sys­tem. Clients and the Bank im­me­di­ately ben­e­fit from quicker pay­ment pro­cess­ing.



To­gether with All­ge­meines Treu­un­ternehmen (ATU), VP Bank pur­chases an IT sys­tem and on 1 April 1975 in­tro­duces elec­tronic data pro­cess­ing.



Within the frame­work of a cap­i­tal in­crease the “Stiftung Fürstl. Kom­merzien­rat Guido Feger” foun­da­tion only ex­er­cises half of its sub­scrip­tion rights in sup­port of new share­hold­ers. As the first bank in Liecht­en­stein to do so, VP Bank opens it­self up and gives up shares to the pub­lic and its em­ploy­ees.



VP Bank re­ceives a full li­cense for the pro­cess­ing of all bank­ing trans­ac­tions. From this time on, the Bank also of­fers sav­ings ac­counts, ac­counts for young per­sons, re­tire­ment sav­ings ac­counts and mort­gages.



The founder of VP Bank, Princely Coun­cil­lor of Com­merce Guido Feger, dies on 1 Sep­tem­ber at the age of 83. His nephew, Dr Wolf­gang Feger, be­comes the new Chair­man.



VP Bank par­tic­i­pates in the first Liecht­en­stein In­dus­try, Com­merce and Trade Ex­hi­bi­tion (LI­HGA) with the slo­gan “VPB – the Bank for every­one. Your Bank for every­thing”.



In the form of Mar­tin Hilti Fam­i­lien­treuhän­der­schaft (to­day known as U.M.M. Hilti-Stiftung) a sec­ond an­chor share­holder is thus added.
The counter hall at the Bank’s premises in Städ­tle, Vaduz, un­der­goes a lav­ish re­fur­bish­ment.

1963 – 1969
Arbeitsplatz 1965


From the 1960s, VP Bank experiences several spurts in growth, in some cases with a rapid increase in business volume.


VP Bank pub­lishes a printed an­nual re­port for the first time for the 1963 fi­nan­cial year.



VP Bank gains in pres­tige: it is ad­mit­ted to the Swiss Bankers As­so­ci­a­tion in 1965 and to the As­so­ci­a­tion of Swiss Ex­changes in 1966.



The ty­ing of the bank­ing li­cense to the founder and the time limit im­posed on VP Bank are lifted by the Liecht­en­stein Land­tag. In re­turn, the Bank un­der­takes to en­sure that at least 60 per cent of the vot­ing rights and 51 per cent of the share cap­i­tal re­main un­der the le­gal and eco­nomic own­er­ship of Liecht­en­stein cit­i­zens at all times.



VP Bank and All­ge­meines Treu­un­ternehmen (ATU) es­tab­lish the Treu­hand-Per­son­al­s­tiftung as an en­dow­ment fund with an ini­tial in­jec­tion of CHF 1 mil­lion.



VP Bank is the first bank in Liecht­en­stein to in­tro­duce a salary ac­count for cash­less pay­ment trans­ac­tions – named the “per­sonal ac­count” – as well as the Swiss Cheque. In do­ing so, the Bank has its fin­ger firmly on the pulse of the times.

1956 - 1962
Guido Feger

An aspirational mindset

VP Bank is founded by Guido Feger and takes its first steps along the right path, meeting challenges along the way.


Princely Coun­cil­lor of Com­merce Guido Feger (1893–1976), owner of All­ge­meines Treu­un­ternehmen (ATU) in Liecht­en­stein, re­ceives a li­cense to “run a bank­ing busi­ness” on 4 April. As this li­cense is ini­tially tied to Feger per­son­ally, the Bank has to re­frain from con­duct­ing do­mes­tic trans­ac­tions in or­der to avoid find­ing it­self in com­pe­ti­tion with the LLB. On 6 April, Guido Feger founds Ver­wal­tungs- und Pri­vat-Bank Anstalt with an ini­tial cap­i­tal of CHF 2 mil­lion.



Olaf Walser (ATU), the long-time clos­est con­fi­dant of the founder Guido Feger, is ap­pointed as VP Bank’s first au­tho­rised of­fi­cer. In Jan­u­ary 1963, he is elected to the Board of Di­rec­tors, of which he re­mains a mem­ber un­til 2001; he as­sumes the role of Vice Chair­man for a quar­ter of a cen­tury.



Princely Coun­cil­lor of Com­merce Dr Heinz Bat­liner takes over as Gen­eral Man­ager and makes a de­ci­sive con­tri­bu­tion to var­i­ous as­pects at the Bank. Olaf Walser ob­tains a li­cense for the op­er­a­tion of a cur­rency ex­change of­fice and thus helps the am­bi­tious VP Bank to open a counter at Städ­tle 14, Vaduz.



In ac­cor­dance with the pro­vi­sions of the new Bank­ing Act, the Ver­wal­tungs- und Pri­vat-Bank Anstalt is con­verted into a joint-stock cor­po­ra­tion at the end of the year. The eq­uity cap­i­tal is owned by the “Stiftung Fürstl. Kom­merzien­rat Guido Feger” foun­da­tion, with which the founder pro­vides the share­holder base with a solid foun­da­tion that lasts be­yond his life­time.