As positive as the recovery of the past few days has been, the risk remains that there will be further setbacks.That will be a recurring feature even for this unprecedented crisis caused by the corona virus. Accordingly, we balance the portolio risks.
As further measures to counter the impact of the COVID-19 virus in the British Virgin Islands, the BVI Government has extended the 24-hour curfew for all people in the Territory, from 06.00 a.m. on Thursday morning 2 April until 06.00 p.m. on Thursday 16 April 2020.
VP Bank once again receives “Risk Indicator 1” top rating
Dun & Bradstreet Worldwide has again given VP Bank Group its “Risk Indicator 1” rating of risk and creditworthiness. Bisnode D&B Schweiz AG presented VP Bank with the Rating Certificate for the seventh time in a row.
Effects of the coronavirus outbreak on VP Bank Group
The extent of the impact that the coronavirus is having on society and the economy, and thus on the financial markets as well, is becoming increasingly clear. High market losses over a very short period of time and extremely high volatility that has never been witnessed before are causing a strain not only on the financial market as a whole but also on VP Bank Group.
Strong growth and substantial rise in earnings in the year 2019
Thanks to a strong operating performance and the positive development of financial mar-kets, VP Bank Group recorded a 34.4 per cent rise in net earnings in 2019 and generated group net income of CHF 73.5 million. At CHF 2.3 billion, the inflow of net new money de-veloped positively for the third time in a row.