Press release

Bank Frick raises equity by 9% in the 2016 financial year

25. Apr. 2017

The Liechtenstein Bank Frick concludes the challenging 2016 financial year successfully. Profit amounts to CHF 3.2 million (previous year: 1.8 million). Income from normal business activities of CHF 10 million is driven by one-off income from the Payment Services strategic business unit. Of this amount, CHF 7 million has been allocated to provisions. The Bank’s own equity capable of being offset now amounts to CHF 85 million (+9%). Bank Frick’s Tier 1 ratio is 22.8%.

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Net1 acquires a 30 per cent stake in Bank Frick

24. Jan. 2017

The owners of Bank Frick & Co. AG, the Liechtenstein bank, have sold a 30 per cent share to the Nasdaq-listed NET1 UEPS Technologies, Inc. (Net1). The new investor, Net1, is a leading provider of transaction processing solutions, mobile payment solutions and online transaction services. This stake acquisition represents a strengthening of the successful current partnership between Bank Frick and Net1, as well as an expansion of the Bank’s business activities.

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Outstanding first half-year for Bank Frick

31. Aug. 2016

Liechtenstein-based Bank Frick & Co. AG increases income in the first six months of 2016 by 11.6% compared with the prior period, to CHF 2.2 million. Income from normal business activities of CHF 9.6 million is driven by one-off income from the Payment Services strategic business unit. Of this amount, CHF 7.1 million has been allocated to provisions. The Bank’s own equity capable of being offset now amounts to CHF 85.6 million (+9.7%).

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Press photos to download

Bank Frick headquarters in Balzers, Liechtenstein

Bank Frick headquarters in Balzers, Liechtenstein

Dr Mario Frick, Chairman of the Board of Directors of Bank Frick

Dr Mario Frick, Chairman of the Board of Directors of Bank Frick & Co. AG

Edi Wögerer, Chairman of the Management Board of Bank Frick

Edi Wögerer, Chairman of the Management Board of Bank Frick & Co. AG

Hubert Büchel, member of the Management Board of Bank Frick

Hubert Büchel, member of the Management Board of Bank Frick & Co. AG

Bank Frick logo

Bank Frick logo

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