Key figures of VP Bank Group
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| 2014 |
| 2013 | Variance in % |
Key balance sheet data in CHF million 1 |
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Total assets | 11,204.7 |
| 11,206.8 | 0.0 |
Due from banks | 3,282.2 |
| 4,502.0 | –27.1 |
Due from customers | 4,263.9 |
| 3,926.7 | 8.6 |
Due to customers | 9,446.0 |
| 9,404.7 | 0.4 |
Total shareholders’ equity | 868.5 |
| 888.7 | –2.3 |
Equity ratio (in %) | 7.8 |
| 7.9 | –2.3 |
Tier 1 ratio (in %) 2 | 20.5 |
| 20.4 | 0.5 |
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Key income statement data in CHF million 2 |
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Total net operating income | 222.7 |
| 239.4 | –7.0 |
Interest income | 65.6 |
| 86.9 | –24.5 |
Income from commission business and services | 118.4 |
| 114.1 | 3.8 |
Income from trading activities | 25.4 |
| 19.5 | 30.0 |
Operating expenses | 165.3 |
| 168.0 | –1.6 |
Net income | 20.0 |
| 38.7 | –48.2 |
Net income from continued operations | 20.0 |
| 35.7 | –43.9 |
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Client assets in CHF million 2 | 38,553.6 |
| 39,389.5 | –2.1 |
On-balance-sheet customer deposits (excluding custody assets) | 9,515.6 |
| 9,395.0 | 1.3 |
Fiduciary deposits (excluding custody assets) | 404.8 |
| 231.7 | 74.7 |
Client securities accounts | 21,018.7 |
| 20,759.3 | 1.2 |
Custody assets | 7,614.5 |
| 9,003.5 | –15.4 |
Net new money | –850.2 |
| 965.0 | n.a. |
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Key operating indicators |
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Ratio of foreign assets (in %) | 38.0 |
| 43.6 | –13.0 |
2.3 |
| 4.4 | –47.6 | |
Cost/income ratio (in %) 4 | 74.2 |
| 70.2 | 5.8 |
Headcount (expressed as full-time equivalents, excluding trainees) 5 | 694.9 |
| 705.8 | –1.5 |
Total net operating income per employee (in CHF 1,000) | 320.4 |
| 339.2 | –5.5 |
Total operating expenses per employee (in CHF 1,000) | 237.8 |
| 238.0 | –0.1 |
Net income per employee (in CHF 1,000) | 28.8 |
| 50.6 | –43.1 |
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Key indicators related to shares of VP Bank in CHF 1 |
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Net income per bearer share 6 | 3.45 |
| 6.58 | –47.6 |
Net income per registered share 6 | 0.34 |
| 0.66 | –47.6 |
Dividend per bearer share | 3.00 | 3.50 | –14.3 | |
Dividend per registered share | 0.30 | 0.35 | –14.3 | |
Dividend yield (in %) | 3.5 |
| 3.6 | –1.7 |
Payout ratio (in %) | 87.0 |
| 53.2 | 63.6 |
Total shareholders’ return on bearer shares (in %) | –9.2 |
| 53.8 | n.a. |
Shareholders’ equity per bearer share on the balance-sheet date | 149.98 |
| 153.37 | –2.2 |
Shareholders’ equity per registered share on the balance-sheet date | 14.68 |
| 15.10 | –2.8 |
Quoted price per bearer share | 85.00 |
| 97.50 | –12.8 |
Quoted price per registered share | 8.50 |
| 8.50 | 0.0 |
Highest quoted price per bearer share | 98.95 |
| 97.50 | 1.5 |
Lowest quoted price per bearer share | 74.40 |
| 63.50 | 17.2 |
Market capitalisation (in CHF million) 8 | 503 |
| 569 | –11.7 |
Price/earnings ratio per bearer share | 24.65 |
| 14.81 | 66.4 |
Price/earnings ratio per registered share | 24.65 |
| 12.91 | 90.9 |
Rating Standard & Poor’s | A–/Negative/A–2 |
| A–/Stable/A–2 |
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- The reported key data and operating indicators are computed and reported on the basis of the share of the net profit and shareholders’ equity attributable to the shareholders of VP Bank Ltd, Vaduz.
- Details in the notes to the consolidated income statement and consolidated balance sheet.
- Net income / average shareholders’ equity less dividend.
- Total operating expenses / total net operating income.
- In accordance with legal requirements, trainees are to be included in headcount statistics as 50 per cent of equivalent full-time employees.
- Based on the weighted average number of shares (bearer) (note 11, page 125).
- Subject to approval by the annual general meeting.
- Including registered shares.