# VP Bank: the listed Liechtenstein private bank > VP Bank — the Liechtenstein bank with CHF 57bn and a SIX listing: five booking centres after the Hong Kong closure, the external-asset-manager niche, thresholds and EAS/esisuisse/FGDL protection. Last modified: 2026-10-19T00:00:00.000Z Canonical: https://wiki.private.law/en/vp-bank Publisher: wiki.private.law (https://wiki.private.law) Version: 4126cebfeaa92c9e4c014149dca742735b3d1107a97c4a6e665da199c529cfbd Cite as: VP Bank: the listed Liechtenstein private bank. wiki.private.law. https://wiki.private.law/en/vp-bank. Version 4126cebfeaa92c9e4c014149dca742735b3d1107a97c4a6e665da199c529cfbd. Topics: banking Jurisdictions: liechtenstein, switzerland, luxembourg, singapore, bvi Functional tags: private-banking Product tags: bank, wealth-planning, investment, custody, lombard-credit, family-office Semantic tags: private-banking, bank, wealth-planning, investment, custody, lombard-credit, family-office --- ## Concept **VP Bank AG** is a Liechtenstein private bank headquartered in Vaduz, serving private clients and external asset managers. **Type**: an independent private bank listed on the SIX exchange (ticker VPBN) — the first Liechtenstein company to list in Zurich (1983). The anchor shareholder is the [founder's Stiftung Fürstlicher Kommerzienrat Guido Feger with 46.6% of votes](https://www.vpbank.com/en/investor-relations/shareholder-structure); the Princely Family owns LGT, not VP Bank — a common mix-up. Founded in 1956. The CEO is Urs Monstein (since May 2024); ratings are S&P A–/Negative and Moody's Aa2 for deposits. ## History and evolution Founded by Guido Feger in 1956; subsidiaries in Luxembourg and Zurich opened in 1988, a BVI joint venture in 1995, Singapore in 2008. In 2015 it [absorbed Centrum Bank](https://www.vpbank.com/en/about-us/brand-history/history) (~CHF 7bn of client assets). Strategy 2026 missed its targets: an [efficiency package](https://li.vpbank.com/en-li/news/2024/vp-bank-reports-semi-annual-profit-of-chf-11-5-million) in August 2024 brought savings above CHF 20m, ~100 job cuts and the closure of the Hong Kong office; Asia was consolidated into Singapore. In 2025 the bank became the main shareholder of fund manager Embla (40%). Assets under management stood at [CHF 57.1bn at 30 June 2026](https://reports.vpbank.com/2026/sar/en/key-figures-of-vp-bank-group) (+6.4% in half a year), with 2025 net income of CHF 47m and a Tier 1 ratio of 26%. > 🍓 Deposit protection by entity: VP Bank AG (Liechtenstein) — [the EAS foundation, CHF 100,000](https://www.eas-liechtenstein.li/en/deposit-protection); VP Bank (Schweiz) AG — esisuisse CHF 100,000; VP Bank (Luxembourg) SA — FGDL €100,000. The Singapore (wholesale) and BVI entities carry no deposit insurance. ## Regulation - **FMA Liechtenstein** — VP Bank AG, Vaduz (licensed since 1956); - **FINMA** — VP Bank (Schweiz) AG, Zurich; - **CSSF** — VP Bank (Luxembourg) SA and VP Fund Solutions (Luxembourg) SA; - **MAS** — the Singapore branch (Wholesale Bank licence since 2018); - **BVI FSC** — VP Bank (BVI) Ltd, Road Town (banking licence since 1995). ## Source of funds and compliance Liechtenstein transposes the EU AML directives via the EEA; CRS/FATCA apply along with the standard [source-of-funds](https://wiki.private.law/source-of-funds) file. In 2024 the bank cleaned up its client base, officially adjusting net new money for [CHF 1.2bn of forced outflows and write-offs](https://www.vpbank.com/en/news/2025/vp-bank-group-annual-results-2024). No major public regulator fines were identified; the English Skew Base litigation was [won on all issues](https://www.greshamlegal.co.uk/gresham-legal-delivers-a-successful-result-for-vp-bank-group/) in March 2025. > 💡 Prepare the source-of-wealth file in advance: sale of a business, dividends, inheritance. The review mechanics are covered in the guide on [documenting source of funds](https://wiki.private.law/source-of-funds). ## Who it serves - **HNW clients**: no group minimum is published; the official product threshold is CHF 250,000 for the VP Vida Essential mandate; industry estimates cite CHF 500,000+ in Switzerland and ~CHF 1m in Liechtenstein (unofficial); - [**external asset managers**](https://wiki.private.law/eam-external-asset-manager) — a historic segment: the bank grew up on intermediaries and is a supporting member of Germany's VuV; - **non-residents** booking in Vaduz, Zurich, Luxembourg, Singapore or the BVI; - clients with prime real estate — the BVI entity's niche. ## Services ### Wealth management - discretionary and advisory mandates (the VP Sensa / VP Vida / VP Auda line); - wealth and succession planning. ### Lending - [lombard loans](https://wiki.private.law/lombard-lending) and mortgages; a loan book of ~CHF 5.8bn. ### Asset servicing - custody and execution for external managers, private-label funds; - VP Fund Solutions in Liechtenstein and Luxembourg, reinforced by the 40% stake in Embla Fund Management (2025). ## Entities and booking centres Five booking centres after the 2024 Hong Kong closure. | Jurisdiction | Legal entity | Format and supervisor | Role for the client | | --- | --- | --- | --- | | Liechtenstein | VP Bank AG, Vaduz | parent bank, FMA | main booking centre | | Switzerland | VP Bank (Schweiz) AG, Zurich | subsidiary, FINMA (since 1988) | booking centre | | Luxembourg | VP Bank (Luxembourg) SA | subsidiary, CSSF (since 1988) | booking centre and fund solutions | | Singapore | VP Bank Ltd, Singapore Branch | branch, MAS (Wholesale Bank) | Asia booking centre | | BVI | VP Bank (BVI) Ltd, Road Town | subsidiary, FSC | booking; real-estate financing niche | Hong Kong (VP Wealth Management (Hong Kong) Ltd and the rep office) was closed in 2024; Asian clients moved to Singapore. ## Strengths - public reporting and a SIX listing — rare transparency for the segment; - strong ratings for its size: S&P A–, Moody's Aa2 deposits; - a 26% Tier 1 ratio; - a deep external-manager and fund-solutions niche; - the BVI as a rare booking centre for structures and real estate. ## Where it does not fit - Hong Kong clients — the point closed in 2024, the nearest Asian centre is Singapore; - those wanting deposit insurance in Asia: the wholesale branch sits outside SDIC; - fortunes below the indicative CHF 500,000; - private-markets investors: the proprietary offering was wound down in the 2024 efficiency package. VP Bank is a listed Liechtenstein house with five booking centres and a strong intermediaries niche; it is working through a savings program after missing Strategy 2026, but capital and ratings remain solid for its size. ## Q/A ### Entry and geography ### What minimum capital does VP Bank require? No group threshold is published. The official benchmark is product-level: the VP Vida Essential mandate from CHF 250,000. Industry references cite CHF 500,000+ for Switzerland and ~CHF 1m for Liechtenstein; admission is individual. ### Is VP Bank owned by the Princely Family of Liechtenstein? No — that is a mix-up with LGT. VP Bank's anchor shareholder is the founder Guido Feger's foundation (46.6% of votes); the Princely Family owns LGT. VP Bank has been listed on the SIX since 1983. ### What does the deposit guarantee cover? Liechtenstein — the EAS foundation CHF 100,000; Switzerland — esisuisse CHF 100,000; Luxembourg — FGDL €100,000. Singapore (wholesale) and the BVI sit outside the schemes. Custody securities remain the client's property. ### Strategy ### Why did the bank close Hong Kong and cut costs? Strategy 2026 missed its targets, so an efficiency package launched in August 2024: savings above CHF 20m by end-2026, ~100 positions cut and the Hong Kong closure, with Asian clients moved to Singapore (the bank claimed 99% retention). ### What happened with Chinese partner Hywin? In 2021 the bank announced cooperation and a small stake in China's Hywin Wealth; Hywin later collapsed. Client assets at VP Bank were unaffected — the episode concerned corporate cooperation. --- ## Similar articles - [British Atlantic Bank (NodaBank): Accounts, Deposits and Lending](https://wiki.private.law/en/nodabank) - [LLB: Liechtenstein's state bank with three booking centres](https://wiki.private.law/en/llb-liechtensteinische-landesbank) - [BNP Paribas Wealth Management: the Eurozone's private bank from Paris to Singapore](https://wiki.private.law/en/bnp-paribas-wealth-management) - [CBH Bank: the family-owned Geneva bank with a Bahamian booking centre](https://wiki.private.law/en/cbh-bank) - [Bordier & Cie: the Geneva private banker with unlimited liability](https://wiki.private.law/en/bordier-cie) - [Deutsche Bank Private Bank: private banking inside a universal group](https://wiki.private.law/en/deutsche-bank-private-bank) --- Source: wiki.private.law — the private.law legal knowledge base. When quoting, cite the canonical page URL. 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