News

Net1 acquires a 30 per cent stake in Bank Frick

24. Jan. 2017Press release

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. 2016Press release

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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Bank Frick commits itself to vocational training

28. Jul. 2016Press release

At the start of the new apprenticeship year on 1 August, the young competitive sportsman Ðorðe Zarkovic, from Sevelen (CH), will begin the practical element of his commercial training at Bank Frick & Co. AG. There are three players working together towards Mr Zarkovic’s training: the 100pro! berufsbildung liechtenstein vocational training initiative, Football Club Balzers and Bank Frick.

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Bank Frick CEO joins the Board of the Bankers Association

11. Apr. 2016Press release

Balzers (LI) – at its General Meeting, the Liechtenstein Bankers Association elected the Bank Frick CEO, Edi Wögerer, to its Board. At the General Meeting Wögerer was elected for a two-year term of office. “I am pleased to be able to play a role as the Bank Frick representative in the most important trade association in the Liechtenstein financial centre,” Edi Wögerer said after the vote.

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Bank Frick strategic banking partner of Net1

5. Apr. 2016Press release

BFC Group Establishment in Liechtenstein has sold its controlling share in the payment company Masterpayment AG to the NASDAQ-listed company Net 1 UEPS Technologies Inc. (Net1). Bank Frick & Co. AG and Net1 signed a strategic cooperation agreement as part of this transaction.

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Hubert Büchel appointed new member of Management Board of Bank Frick & Co. AG

10. Sep. 2015Press release

Bank Frick & Co. AG has restructured its organisation, and has also implemented changes on its Management Board and Board of Directors. Hubert Büchel has joined the Management Board. He is the head of the newly created Private & Institutional Clients unit. Dr Kuno Frick Junior, previously a member of the Management Board, has joined the Board of Directors of the Liechtenstein-based private bank.

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Bank Frick & Co. AG appoints Edi Wögerer as CEO

22. Apr. 2014Press release

The Board of Directors of Bank Frick & Co. AG has today appointed Chief Operations Officer (COO) Edi Wögerer as the Bank’s new CEO. He is succeeding Jürgen Frick, who fell victim to a violent crime on 7 April 2014. Edi Wögerer will be taking up his new responsibilities with immediate effect. Furthermore, the Board of Directors has appointed Dr Kuno Frick as an ordinary member of the Management Board and Head of Private Banking and Institutional Clients (Chief Investment Officer – CIO). Dr Kuno Frick will be taking up his new position on 1 May 2014, thus completing the Management Board, consisting of three members: Edi Wögerer, Roland Frick and Dr Kuno Frick.

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