News and insights
We know how important it is to have reliable information, facts and background details as good decision-making tools. In our press releases, you can find the latest news about Bank Frick. We provide specialist knowledge about the financial market – both conventional and blockchain-based – in our in-depth blog posts. If you would like to hear exciting updates about the cryptocurrency market, then dive into our Crypto Industry Reports.
News and insights
Private debt – more capital market, less bank
Even in times of low interest rates, investors look for ways to diversify their portfolios in the hope of achieving attractive returns. This is a situation which Bank Frick – with its focus on intermediaries – also has to address. At the same time, SMEs are increasingly having problems with financing due to their valuation risks and the stricter regulation of banks under the Basel III reform package, and are therefore turning their backs on classic credit institutions. A potential solution for both sides is private debt, which is becoming an interesting form of investment for asset managers and their clients thanks to digitalisation.
"The job interview took place in the garage"
Bank Frick is celebrating its 20th anniversary. Chairman of the Board of Directors Mario Frick and CEO Edi Wögerer look back at two decades of entrepreneurial banking. They explain why a company’s vision cannot simply be tokenism, how they generate added value for financial intermediaries, and why blockchain no longer has to be like the Wild West.
Bank Frick is celebrating its birthday and sponsoring a blockchain programme at the University of Liechtenstein
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.
Ties off, trainers on – New dress code at Bank Frick
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.
Half-yearly results Bank Frick – Increased revenues and investments
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.
Institutional investors can create added value with crowdlending
Crowdlending, which is also known as marketplace lending, has now arrived in the institutional investment sector, too. The returns that can be achieved with this alternative form of investment are often significantly higher than those of traditional investments. Risks can be effectively reduced by means of broad diversification and price development has hardly any correlation with the safe custody account assets, which can usually be found on a list of assets.
Statement to savedroid
All assets from the savedroid AG ICO are safe and under no circumstances could have been withdrawn due to escrow. Bank Frick fails completely to understand the PR stunt of savedroid’s CEO Yassin Hankir as we prefer working with professionals.
Bank Frick doubles net income for the year
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 allows direct investments in leading cryptocurrencies
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.
Melanie Gstöhl joins the Management Board
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 launches certificate for cryptocurrencies
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.
Half-yearly results − Bank Frick offsets rising costs with healthy growth
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.