Solid growth in 2019 and a good starting position for the future
Kaiser Partner Privatbank AG continued to operate very successfully last year, increasing both profits and assets under management. Net income in 2018, adjusted for an extraordinary item, rose to CHF 4.0 million in 2019, an increase of 13%. Assets under management increased by 17% and amounted to CHF 4.7 billion at the end of 2019.
The increase in client assets is also reflected in operating income, which rose to CHF 24.9 million (+7%). The positive result was also attributable to the successes achieved in the interest-differential and financial business as well as the commission and service fee business. This is offset by operating expenses of CHF 17.6 million. The 8% increase is attributable to higher investments in IT and personnel. As of 31.12.2019, total assets amounted to CHF 590 million, an increase of 5%. With a tier 1 ratio of 20%, the bank is very solidly capitalised. At the end of 2019 Kaiser Partner Privatbank employed 77 people.
The cornerstones of the bank’s success are primarily manifested in the values it lives by and the trust between all interest groups. In order to invest sustainably and responsibly for clients on the right side of change, Kaiser Partner Privatbank has taken up the cause of responsibility in wealth. With this in mind, the UNEP FI Principles for Responsible Banking (PRB) were signed in 2019 as first bank in Liechtenstein. Also in the future, the focus will be on a broad range of products and services for private clients and financial intermediaries – as in the past, supported by the use of new technologies as well as qualified and reliable employees.