Press release

Bank Frick from Liechtenstein concludes the 2017 financial year with a net profit of CHF 6.3 million (previous year: CHF 3.2 million). All business areas contributed to 2017’s very positive results. Bank Frick manages client assets totalling CHF 3,810 million. The balance sheet total rose 25% to CHF 1,360 million.

Technology group Net1 UEPS Technologies, Inc. (Net1) has acquired a further 5 per cent share in Bank Frick & Co. AG. Following this transaction, Net1 now holds 35 per cent of the capital stock in the Liechtenstein bank. Bank Frick is intensively involved in the field of blockchain technology and cryptocurrencies and is further stepping up its efforts in this dynamic field.