Annual report 2024

Gross operating profit reached the previous year’s level of CHF 11.1 million, while net profit amounted to CHF 6.7 million.

• Operating income rose by 2.8 % to CHF 35.5 million, driven by a 6.8 % increase in commission and fee income.
• Assets under management benefited from the positive trend in the financial markets, rising by CHF 639.4 million or 10.6 % to CHF 6.7 billion.
• Loans to customers increased by 16.4 % to CHF 435.2 million.
• With a Tier 1 ratio of 25.7 %, Neue Bank stands for a high level of security and stability, making it one of the best-capitalised banks.

Vaduz, 13 March 2025 – Neue Bank looks back on a challenging fiscal year 2024. Despite a demanding economic environment shaped by geopolitical tensions and falling interest rates, financial markets saw positive developments, benefiting assets under management. These increased by 10.6 % to CHF 6.7 billion by the end of 2024. Net new funds recorded an outflow of CHF 32.5 million, given that an expected withdrawal of assets from a larger client group could not be fully offset by new inflows.

Stable operating result
Neue Bank achieved a solid operating result. Gross operating profit amounted to CHF 11.1 million, reaching the previous year’s level. Operating income rose by 2.8 % to CHF 35.5 million, driven by a strong performance in commission and fee income, which grew by 6.8 % to CHF 17.0 million. While income from financial transactions remained stable at CHF 6.5 million, net interest income saw a slight decline of 1.6 % to CHF 11.9 million. Despite targeted investments in the further development of client-oriented services and efficiency enhancement projects, operating expenses were kept below budget at CHF 24.4 million, thanks to rigorous cost management. The cost/income ratio rose moderately to 68.7 % (previous year: 67.7 %). Net profit for 2024 amounted to CHF 6.7 million, representing an 18.0 % decline compared to the previous year. This was primarily due to value adjustments of CHF 7.7 million on the loan portfolio. At the same time, provisions for general banking risks – previously established as a safety buffer for latent credit risks and other business risks – were released in the amount of CHF 4.6 million. With a Tier 1 ratio of 25.7 %, Neue Bank remains one of the best-capitalised private banks and maintains a solid equity base.

Changes in the Board of Directors and Executive Board
At the General Meeting on 26 April 2024, Hansruedi Köng was elected as the successor to Prof. Dr. Manuel Ammann, who stepped down following his election as President of the University of St. Gallen. With Hansruedi Köng, Neue Bank has gained an experienced financial expert as Chairman of the Board of Directors, after a long-standing career at PostFinance AG, where he most recently served as CEO from 2012 to 2024. In August 2024, the Board of Directors elected Roman Pfranger as the new CEO of Neue Bank, following a period since August 2023 during which overall responsibility had been assumed by the existing Executive Board members. Roman Pfranger took up his position on 1 February 2025,
contributing outstanding personal and professional qualities. He has extensive knowledge of the banking sector and many years of leadership experience. With his strong values and high level of expertise, he is an excellent fit for Neue Bank and its future plans.

Expanded product offerings
The new PRIMUS investment plan offers clients an attractive opportunity to build their wealth in a structured and efficient way – through regular investments and exclusive preferential conditions. Neue Bank is now also facilitating trading in the most well-known cryptocurrencies, providing its
clients with simple and secure access to digital assets.

Modern client zones and expanded event offerings
The vision of a modern private bank is reflected in the redesign of Neue Bank’s client zone. Following the complete renovation of the client meeting rooms in the previous year, the reception area underwent extensive modernisation in fiscal year 2024. In addition to creating a stylish and
welcoming atmosphere, Neue Bank has further expanded its event offerings for private clients and intermediaries. Events such as Vaduz Classic and the Wealth 360° series foster personal interaction and knowledge exchange.

Outlook for 2025: Opportunities and challenges in a global environment
Despite economic uncertainties and geopolitical tensions, Neue Bank remains confident. Its solid capital base, focus on sustainable growth, and future-oriented strategy provide a strong foundation for long-term success. Neue Bank will continue to offer first-class wealth solutions for discerning private clients and intermediaries while further strengthening its market position. At the same time, it is closely monitoring developments in international financial markets and geopolitical risks
to ensure a flexible and strategic response. With a clear commitment to stability, innovation, and long-term value creation, Neue Bank is ideally positioned to achieve sustainable success even in a challenging market environment and to support its clients with first-class solutions.