News

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

25. Apr. 2017Press release

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%.

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

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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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