As one of only a small number of Swiss private banks to date, VP Bank (Switzerland) Ltd has secured the necessary exemption from the German Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – “BaFin”) under the simplified procedure. This entails simplified access to the German market.

In its current report dated 27 August 2019, the renowned rating agency Standard & Poor's reaffirmed its "A/Stable/A-1" rating for VP Bank, emphasising its favorable financial profile, very strong capitalization, stable shareholder structure, sound liquidity position and stable client deposit base.

With a gain of 20.5 per cent in group net income, net new money inflows of CHF 1.2 billion und a substantial increase in assets under management of 9.9 per cent to CHF 45.6 billion, VP Bank Group demonstrated a robust performance for the first six months.

The anxiety in financial markets has increased noticeably in August. We are all the more convinced of our decision to diversify the portfolio more broadly with the inclusion of gold and insurance-linked securities as well as to underweight equities.

The global economy is no longer in the best of shape. But the fact that the major central banks are changing course so hard is still surprising. Apparently, interest rate cuts lie on the horizon for the second half of the year. This is an extraordinary change of course, inasmuch as the global economic winds are blowing at the pace of their long-term average. We are seeking explanations for this overly cautious route.