VP Bank retains top rating for creditworthiness

05 April 2024 11:24

Liechtenstein BankersLiechtenstein

Vaduz - The VP Bank Group has been awarded the top rating in the Dun & Bradstreet Worldwide Risk Indicator for the eleventh year in a row. Dun & Bradstreet (Schweiz) AG presented the bank with its Rating Certificate.

Dun & Bradstreet Worldwide has once again awarded its top rating for risk and creditworthiness to the VP Bank Group in 2024, further details of which can be found in a press release issued by the banking group. In March, Dun & Bradstreet (Schweiz) AG, a supplier of business data and analytics, presented the bank with a corresponding Rating Certificate for the eleventh year in a row, the press release explains. The Rating Certificate from Dun & Bradstreet is described by the VP Bank Group as a “quality seal” of the business world.

Only 2 percent of companies in Switzerland and Liechtenstein offered the level of financial stability and creditworthiness required to be included in the best risk class, as the VP Bank Group writes in the press release. The banking group points to its “outstanding financial stability” as the basis for its own top rating. The award reflects the VP Bank Group’s trustworthiness and attractiveness, as well as excellent liquidity and good payment history, the press release states. According to information from VP Bank itself, it has more than three times the legally required cash reserves, with a liquidity coverage ratio amounting to 305.8 percent. Moreover, its core capital (Tier 1) ratio of 24.9 percent is significantly higher than the legal requirement as well. ce/hs

Swiss Pavilion Digital

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