News and insights

The Board of Directors at Bank Frick has announced that Melanie Gstöhl has been appointed Chief Financial Officer (CFO). She will assume her new role as of 1 January 2018. Furthermore, the Board of Directors has given final approval to the Bank’s new digital strategy.

Bank Frick has become the first Liechtenstein bank to launch a certificate based on cryptocurrencies. This offers investors an easy way to add cryptocurrencies to their portfolios. To address the complexity inherent in cryptocurrencies, Bank Frick has had to put the relevant structures in place and build up a wealth of know-how in this field.

Liechtenstein-based Bank Frick & Co. AG has met the targets set for the first half of 2017. Over the first six months, it generated a profit of CHF 2.7 million, which is 26.9% higher compared to the 2016 semi-annual results. Bank Frick posted healthy growth in all strategic business areas.

Kuno Frick Sr, the Bank’s founder, Honorary President and member of the Board of Directors passed away last night at the age of 78. He had to undergo major surgery a few weeks ago. Weakened by the surgery, he suffered complications from which he was unable to recover.

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%.

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%).

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.

Die Bank Frick behauptet sich im schwierigen Marktumfeld und steigert den ausgewiesenen Gewinn im ersten Halbjahr 2015 im Vergleich zum Vorjahr um 8 % auf 1.9 Mio. Schweizer Franken. Im Zuge der Umsetzung der neuen Strategie investiert die Bank in den Ausbau ihrer Kundenbetreuung.

The authorities have announced on Monday evening that Jürgen Hermann, who shot Bank Frick CEO Jürgen Frick in the Bank’s underground car park in Balzers (Liechtenstein) on 7 April 2014, is dead.

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.

The former fund manager Jürgen Hermann from Liechtenstein had attempted to hold various people and institutions in Liechtenstein and Switzerland responsible for the 2005 collapse of his fund, Hermann Finance AGmvK, despite the clear factual evidence to the contrary. Bank Frick & Co. AG and Jürgen Frick himself were among the companies and individuals he had accused.