News and insights

Bank Frick is issuing an active BTC-ETH tracker, with Bitcoin Suisse acting as the blockchain service provider and prime crypto broker. As of today, the certificate is available as both a classic security and a token and is thus suitable for traditional and blockchain-savvy investors. Its underlying assets are Bitcoin (BTC) and Ether (ETH). Qualified investors can thus diversify their portfolios in a simple manner with cryptocurrencies.

Balzers, Vaduz, Liechtenstein – Bank Frick is to cooperate in future with the University of Liechtenstein in the fields of blockchain and fintech. The University of Liechtenstein will receive substantial financial resources from Bank Frick during a planned five-year cooperation. Partnership-based research projects, projects with students and a Certificate programme are the main aims of the collaboration. The programme will be offered from the beginning of 2019 for the first time.

Bank Frick is relaxing its staff dress code. The newly introduced “smart-casual” dress guide permits staff to wear trainers as part of their business attire – whereas ties can stay in the drawer. As part of the activities to mark Bank Frick’s 20th birthday all employees were gifted a pair of trainers in the company colours. As a modern and tech-savvy company, Bank Frick is extending its innovativeness to the dress code too.

The first six months of the 2018 financial year yielded very positive results for Liechtenstein based Bank Frick. Net profit was CHF 2.6 million, a similar level to the same period in the previous year (CHF 2.7 million), while revenues significantly increased in all areas compared to the previous year. At the same time, Bank Frick invested more than it had budgeted for, in order to push forward with client-relevant strategic projects.

Bank Frick from Liechtenstein concludes the 2017 financial year with a net profit of CHF 6.3 million (previous year: CHF 3.2 million). All business areas contributed to 2017’s very positive results. Bank Frick manages client assets totalling CHF 3,810 million. The balance sheet total rose 25% to CHF 1,360 million.

Bank Frick is the first financial institution in Liechtenstein to offer the trading of five leading cryptocurrencies and secure safekeeping via offline storage. Trading takes place within the fully regulated framework of the Bank’s processes. The offering is aimed at professional market participants and financial intermediaries.

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.

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.