VP Bank reports half-year profit of CHF 28.8 million and significant net new money inflows with annualised growth of 8.3 per cent

Media release

Vaduz, 26 August 2025

• VP Bank recorded net new money inflows of CHF 2.1 billion, corresponding to an annualised growth rate of 8.3 per cent. All regions contributed positively to this result.

• Client assets under management rose by 2.2 per cent to CHF 51.9 billion.

• The loan portfolio remained stable at CHF 5.9 billion.

• Operating income rose by 7.8 per cent to CHF 175.4 million. This was mainly driven by income from trading activities, which rose by 29.5 per cent to CHF 18.9 million compared with the previous year, and one-off income from insurance payments amounting to CHF 4.6 million. Net income from commission business and services rose by 1.1 per cent to CHF 69.0 million, while net interest income declined by

  3.6 per cent to CHF 73.2 million. Adjusted for one-off insurance payments, operating income grew by

  5.0 per cent.

• Operating expenses fell by 4.0 per cent to CHF 142.8 million. While personnel expenses remained stable at CHF 85.9 million, general and administrative expenses were reduced by 4.1 per cent to CHF

  41.9 million and depreciation and amortisation fell by 19.7 per cent to CHF 15.0 million.

• Half-year profit amounted to CHF 28.8 million, representing an increase of 150.2 per cent compared with the previous year. Adjusted for one-off insurance payments, this corresponds to an increase of

  115.1 per cent.

• The cost/income ratio stood at 81.5 per cent.

• VP Bank is well capitalised and has good liquidity. The Tier 1 ratio was 26.1 per cent and the liquidity coverage ratio was 160.9 percent.

VP Bank has taken decisive steps with the package of measures launched in 2024 to increase efficiency and accelerate growth. Processes have been consistently aligned with client needs, organisational redundancies eliminated, and the product and pricing landscape has been simplified. These steps have led to a lower cost base. At the same time, the focus on growth led to an increase in net new money inflows. Overall, the actions taken had a positive impact on the cost/income ratio. Despite the ongoing growth initiatives, VP Bank remains committed to maintain its consistent cost discipline. The combination of efficiency and growth forms the basis for a sustainable improvement in profitability.

Urs Monstein, Group CEO of VP Bank: "We are pleased with the results for the first half of 2025. They confirm the strategic direction we have taken. The bank significantly improved its results compared with the previous year. The initiatives we have launched are bearing fruit, and we have managed to grow even

under challenging conditions. We remain focused on sustainable profitability, strict cost discipline and the consistent implementation of our strategy."

After a strong first half of 2025, which was supported by temporary special effects and above-average demand, VP Bank expects business development to normalise in the second half of the year, partly also due to geopolitical uncertainties. However, VP Bank continues to anticipate a robust demand base and stable operating development.

The detailed presentation of the results will take place on 26 August 2025 at 9.30 a.m. and can be followed live in German via livestream at https://www.vpbank.com/en/media-and-analyst-conference-vp-bank-group.

Daniela Jenni Michèle Schnyder

T +423 235 65 22 T +423 235 65 22

media@vpbank.com investor.relations@vpbank.com

Publication of annual results for 2025 3 March 2026

Annual General Meeting 24 April 2026