Brief: VP Bank H1 Group Net Income At CHF 14.4 Mln

VP Bank AG

18/08/2020 05:51

Aug 18 (Reuters) - VP BANK AG  VPBN.S :
    * H1 GROUP NET INCOME OF CHF 14.4 MILLION AFTER ONE-OFF
VALUATION
ADJUSTMENT ANNOUNCED PREVIOUSLY
    * H1 OPERATING INCOME INCREASED BY CHF 4.1 MILLION TO 166.8
MILLION
    * NEW STRATEGY TARGETS SET WITH REGARD TO GROWTH,
PROFITABILITY
AND STABILITY WILL REMAIN IN PLACE IN SPITE OF CHANGED MARKET
ENVIRONMENT
    * INTENDS TO STICK TO ITS GROUP NET INCOME TARGET OF CHF 100
MILLION, ALTHOUGH THIS WILL BE POSTPONED UNTIL END OF 2026

Source text for Eikon:  ID:nNDL75FvJL 
Further company coverage:  VPBN.S 

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