News and insights
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News and insights
Bank Frick raises equity by 9% in the 2016 financial year
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%.
Outstanding first half-year for Bank Frick
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%).
Bank Frick strategic banking partner of Net1
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.
Bank Frick & Co. AG erfolgreich im Transformationsprozess
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.
Statement by Bank Frick regarding the discovery of the body of Jürgen Hermann
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.
Bank Frick & Co. AG appoints Edi Wögerer as CEO
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.
Information from Bank Frick & Co. AG – background information about the violent death of CEO Jürgen 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.