News and insights

The Board of Directors (BoD) of Bank Frick has appointed Marianne Müller as a new member of the Board of Directors effective 1 May 2022. She brings with her great expertise in the areas of regulatory affairs, compliance and financial market supervision. 

Bank Frick closes 2021 with an excellent annual profit of CHF 9.8 million. Net income increased again and client assets under management also grew in the reporting period. All the business segments contributed to the strong annual result. In order to further improve service to clients and be prepared for the future, resources were created and the front departments reorganised.

Bank Frick generated a net profit of CHF 3.1 million in the first half-year. All strategic business segments contributed to this long-term result. For 2021, the Bank therefore expects an annual profit in the order of CHF 5 million. Thanks to the successful reorganisation initiative of the departments involving direct client contact, we have been able to pay even closer attention to the client experience.

Bank Frick now processes donations in the form of cryptocurrencies for the Swiss section of the human rights organisation Amnesty International (Amnesty Switzerland). Bank Frick has developed a set-up that enables the reliable, regulatory compliant and secure acceptance of crypto donations. This model is suitable for all NGOs to carefully check the origin of crypto donations.

Despite challenging circumstances, Bank Frick generated a net profit of some CHF 4.4 million. The years-long trend of continuously increasing income was confirmed in all business areas, and the growth in expenses has flattened out. Thanks to the successful strategic orientation of the entrepreneurial Bank, net income has doubled to some CHF 40.0 million in just five years.

The first half of 2020 at Bank Frick was dominated by the global coronavirus pandemic. Despite the prevailing uncertainty and high volatility on the financial markets and the unstable economic situation, the Bank generated a net profit of CHF 1.8 million. Because of the pandemic, Bank Frick cannot rule out the occurrence of credit defaults. In keeping with the principle of prudence, the Bank will create provisions accordingly. As such, Bank Frick anticipates a net income in the range of CHF 1.0 to CHF 2.0 million.

Europe's leading blockchain bank is adding a stablecoin to its range of tradable and custodial crypto currencies for the first time. With immediate effect, Bank Frick offers professional market participants and wealthy private clients the trading and safekeeping of the USD Coin (USDC). Trading takes place within the fully regulated environment of the bank.

Bank Frick's online banking now allows trading with cryptocurrencies. In addition, with Bank Frick's online banking, financial intermediaries benefit from mass subscription for all their customer bases and the execution of block orders when trading securities.

Against the background of volatile market developments, Bank Frick is now offering professional market participants such as fund and asset managers direct access to selected brokers and thus to the world's major trading venues. With Direct Market Access (DMA), clients benefit from 24/7 trading in the asset classes equities, ETFs and derivatives and from simple and flexible transaction processing.

Bank Frick is very satisfied with the business performance and the annual results for 2019. All investments in holdings and subsidiaries made in the reporting year were financed from its own cash flow. Income continued to rise in all business areas. The annual results of CHF 3.7 million were slightly higher than the budgeted profit of CHF 3.6 million.

In the past financial year, Bank Frick operated in a challenging market environment. Despite this, the Bank managed to achieve higher income than in the previous year across all areas. Bank Frick also invested significantly more than planned in order to reach the set targets faster. The annual results of CHF 4.2 million were thus lower than budgeted (CHF 5.2 million).

Bank Frick is restructuring its Management Board. The organisational structure is being adapted to the needs of a tech-savvy bank for intermediaries. Michael Dolzer will become a Management Board member and COO on 1 May 2019. To date, Dolzer has been Head of Business Technologies and Innovation Management. CCO Hubert Büchel has decided to take on a new position outside the Bank. CEO Edi Wögerer will assume responsibility for the new Customer Relations division.