Bank Frick reports net profit of 9.2 million francs
In a challenging market environment, Bank Frick generated a profit of 9.2 million francs in 2025 and slightly exceeded its budgeted targets. Through targeted investments in strategic projects, products, and personnel, the Bank continued to pursue its growth strategy.
Despite a year characterised by market turbulence, geopolitical uncertainties, and interest rate cuts, Bank Frick demonstrated significant resilience: the business model proved effective, and its income position remained robust throughout 2025.
Growth in commission income and net interest income
The Bank’s performance was reflected in its core revenue pillars. Net income from commission and service business rose by 6 per cent year-on-year to 18.4 million francs, primarily driven by higher trading volumes and increased client activity. Net interest income also increased by 2.3 per cent to 42.8 million francs, even as the interest-rate environment presented challenges for the industry at large. Income from trading operations remained stable at 29.1 million francs.
Continued investment for solid growth
"This income position reflects the inherent strengths of our business model. With new products such as VBAN, we are diversifying our portfolio, and through regulatory projects like the MiCAR licensing, we are unlocking new growth potential," explains CEO Edi Wögerer. The net profit, which saw a slight decrease of 3.9 per cent compared to 2024, is intrinsically linked to Bank Frick's growth strategy: As a blockchain pioneer, the Bank invested in strategic projects, new products, and personnel to ensure sustainable growth. Operating expenses rose by 3.8 per cent.
Client assets under management and net new money
As of 31 December 2025, client assets under management (AuM) stood at 7.6 billion francs, representing an 11.5 per cent decrease compared to the previous year. This was primarily attributable to moderate capital outflows on the one hand, and the depreciation of the US dollar against the reporting currency (–12.7%) on the other. Market fluctuations and valuation effects on client investments were additional factors influencing this development.
Following years of strong revenue growth, growth momentum across the financial sector has slowed within the current market and interest rate environment. "But our business model continues to offer us significant growth opportunities in the coming years. We are still investing in growth and yet achieving good profits. At the same time, we have only cautiously begun to optimise and leverage economies of scale. Investments in new products and our entry into selected markets through hubs such as Dubai allow us to further expand our position as a product leader," emphasises Chair of the Board of Directors Mario Frick.
Blockchain banking continues to grow
Growth areas continued to perform positively in 2025: Interest in digital assets within the traditional financial sector continues to rise, which meant the Bank once again increased its number of new clients in blockchain banking during the past year, with revenues in this segment rising by 20.4 per cent. Fund, issuance, and capital market solutions also showed pleasing development.
Outlook
Geopolitical uncertainties, market turbulence, and a demanding monetary policy environment are set to continue in 2026. Within this context, a risk-conscious and selective strategy has provided the Bank with both stability and continued progress. "With our clear strategic focus, we are confident in our ability to react flexibly to market changes in 2026 and to achieve a budgeted net profit of 8.4 million francs despite the challenging environment," says CFO Melanie Mündle.
About Bank Frick
Bank Frick is a pioneer of regulated blockchain banking and was the first bank in Europe to offer such services in 2018. In addition to traditional banking business, it has in-depth expertise in innovative areas such as the tokenisation of assets, the development of fund solutions and the implementation of capital market issues. Another strength lies in credit card acquiring: Bank Frick is the only Liechtenstein bank with acquiring licences from Visa and Mastercard, enabling it to process card payments for payment service providers and their online merchants worldwide. In 2025, Bank Frick also obtained the internationally recognised ISO 27001 certification, demonstrating its strong commitment to the highest information security standards.
Bank Frick has been family-owned since it was established in 1998. It employs some 300 people in Balzers and also operates a branch in London as well as a branch in Dubai (DIFC). Bank Frick impresses with its innovative strength and ability to translate regulatory requirements into marketable products at an early stage. It maintains close partnerships with fintechs and positions itself as a bridge-builder between the traditional financial world and digital business models.
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Bank Frick will be closed over the holidays from Wednesday, 24 December 2025, through Friday, 26 December 2025. The following week, Bank Frick will be closed from Wednesday, 31 December 2025, through Sunday, 4 January 2026. Payment orders to be considered for the year 2025 must be submitted to the Bank by 12 p.m. Tuesday, 30 December 2025, for CHF, USD, EUR, and GBP. For special currencies, the deadline is 23 December.