Brief: VP Bank H1 net operating income up at CHF 172.5 mln

VP Bank AG

25/08/2015 05:57

Aug 25 (Reuters) - VP Bank AG  VPB.S : 
    * Tier 1 ratio as per H1 end (core capital ratio): 21.9 per 
cent (under basel III) 
    * H1 net operating income of 172.5 million Swiss francs 
(prior-year period: 110.5 million Swiss francs) 
    * H1 interest income rose versus prior-year period by 32.1 
per cent to 41.6 million Swiss francs ($44.50 million) 
    * H1 income from trading activities improved by 69.9 percent 
to 19.8 million Swiss francs(prior-year period: 11.6 million 
Swiss francs) 
    * New targets for end of 2020: assets under management of 50 
billion Swiss francs, consolidated net income of 80 million 
Swiss francs, cost/income ratio of less than 70 percent 
 
Source text for - http://bit.ly/1hDBK4i 
Further company coverage:  VPB.S  
 
($1 = 0.9349 Swiss francs) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 39 20;))