VVP Bank
One rating, weighted across its booking centres in Liechtenstein and Singapore.
Why VP Bank rates 4.5 out of 5
VP Bank rates 4.5 out of 5. The figure combines the ratings of its two rated booking centres (Liechtenstein, five stars; Singapore, two stars), each weighted by the number of UHNW client ratings it has received, so a centre where more families bank counts for more. Liechtenstein is the strongest at five stars; Singapore is the weakest at two stars. We found no regulatory, criminal or court decision naming one of its booking entities in the last ten years. Across its booking centres, six UHNW client ratings average 3.0 out of 5.
Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026, Q4 2026 edition. Each booking centre is rated on its own file, from the public record and what clients and their advisers tell us in confidence. The overall rating brings those ratings together; retail products, branches and apps play no part.
Where VP Bank stands out
- No final adverse finding against this licence holder in ten years of regulatory and court records. All centres
- Deposits are covered by a statutory protection scheme. Liechtenstein
- The custody terms are public and address most of what a family needs to know. Liechtenstein
- A broad range of private banking services is published for this booking unit. Liechtenstein
- A dedicated desk serves external asset managers and family offices. All centres
- The fee schedule is published in full, so a family can price the relationship before asking. Singapore
- Ownership and control are fully public. Singapore
- No politically exposed person holds a significant stake. Singapore
What to weigh
- Statutory segregation of custody assets is only partial in the booking centre. Liechtenstein
- An owner's home jurisdiction carries a mixed official assessment against money laundering. All centres
- Deposit protection is minimal. Singapore
- This file does not yet show how custody assets are ring-fenced by law in this centre. Singapore
- Custody terms are not published; ask for the agreement before opening an account. Singapore
- Services available from this centre are not published. Singapore
Each booking centre keeps its own rating, set on its own file. The overall rating is the average of those ratings, weighted by the number of UHNW client ratings each centre has received. A centre whose rating is still in preparation is shown but not counted.
The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice.
VP Bank in 2 booking centres
Each booking centre is a separate legal entity, with its own licence, deposit protection, services and fees, and keeps its own PPLI.com rating. Everything on file for them is brought together on this page; open a centre for its own file.
Regulatory and legal record
What regulators, prosecutors and courts have decided against the booking entities of VP Bank, gathered from the files of all its booking centres, with the status, the amounts as published and a link to the original document. Each entry names the centre it concerns. Claims and investigations still under way are marked as open.
Client experience and financial standing
What clients meet at VP Bank across its booking centres, read from complaint registers, ombudsman decisions and court records, independent reporting and what clients and their advisers tell PPLI.com in confidence. Announcements by the bank, awards and marketing material are left out.
What clients report
Liechtenstein. The one court case involving the group in that period, B-5862/2024, was brought by the Swiss subsidiary VP Bank (Schweiz) AG against FINMA, not by a client.
Singapore. No MAS action and no Singapore judgment names the branch, and no claim by a private client against it has reached a published judgment. The one regulatory case in the group concerns the Zurich sister company VP Bank (Switzerland) Ltd and its business with Russian-linked clients, where the Federal Administrative Court set aside FINMA's orders in June 2026 and FINMA has said it will appeal.
Worth raising with the bank
- Liechtenstein. Ask how the due-diligence failings FINMA alleged at VP Bank (Schweiz) AG over a Russia-linked relationship, now before the Federal Supreme Court, were reviewed across the group, including in Vaduz.
- Liechtenstein. Ask what S&P needs to see before it removes the negative outlook on the bank's A- rating, affirmed on 20 March 2026 because financial performance lagged peers.
- Singapore. Ask whether relationships from the Hong Kong branch closed in 2024 were moved to Singapore, and who leads the Singapore office under the co-leadership set up that year.
- Singapore. Ask whether the group's restrictions on Russia-linked relationships, at issue in the FINMA case against VP Bank (Switzerland) Ltd now going to the Federal Supreme Court, also apply to accounts booked in Singapore.
Financial standing
| Agency | Rating | Outlook | As of | Rated company |
|---|---|---|---|---|
| Moody's | A1 (issuer), Aa2 (long-term deposits) | Stable | September 2026 | VP Bank AG |
| S&P | A- (issuer credit rating) | Negative | March 2026 | VP Bank AG |
In the press
- Moneycab
Finma erleidet Niederlage in Enforcement-Verfahren gegen VP Bank
The court found no serious breach of supervisory law by VP Bank (Switzerland) Ltd, against which FINMA had ordered disgorgement of CHF 440,117 over business with Russian clients and dual-use goods, and that the ruling is not final.
- Finews
Defeat for Finma: Court Overturns VP Bank Ruling in High Profile Case
The Swiss Federal Administrative Court set aside FINMA's 2024 enforcement orders against the subsidiary VP Bank (Schweiz) AG, including a disgorgement of CHF 440,117 and a ban on new relationships with certain Russia-linked politically exposed persons, and FINMA said it will appeal to the Federal Supreme Court.
- finews.asia
New Rumors Surrounding VP Bank
finews.asia reported that VP Bank cut about one in ten jobs after a fall of nearly 55 percent in first-half 2024 profit, closed its Hong Kong branch in favour of Singapore and gave the Singapore office new co-leadership.
- Finews
Eklat bei der VP Bank: CEO geht per sofort
Chief executive Paul Arni left with immediate effect after five years, with no reason given, and chief operating officer Urs Monstein took over on an interim basis.
What VP Bank charges, centre by centre
Fees are set by each booking entity, so they are shown centre by centre. Two of the two centres of VP Bank publish a fee schedule, read on 6 November 2026 from the documents linked under each table. To compare banks fairly we put every published fee in US dollars at the same indicative rates and apply it to the same reference amounts, then rate each fee against the average of the other banks that publish it. Five stars is the lowest fee, one star the highest. Terms a family actually negotiates are often different, and a bank can change its schedule at any time.
The published fees side by side
| Fee | Liechtenstein | Singapore | Other banks |
|---|---|---|---|
| Custody and safekeepingeffective rate on USD 25 million | 0.35% a year | 0.40% a year | 0.29% a yearaverage of 38 other banks |
| Discretionary mandateeffective rate on USD 12.5 million, balanced profile | 0.82% a year | 0.79% a year | 1.25% a yearaverage of 25 other banks |
| Advisory mandateeffective rate on USD 12.5 million | 0.57% a year | Not in the schedule | 0.95% a yearaverage of 21 other banks |
| Equity tradecommission on a USD 250,000 trade, major exchange | 0.70% | 0.80% | 0.80%average of 47 other banks |
| Bond tradecommission on a USD 500,000 trade | 0.50% | 0.80% | 0.95%average of 42 other banks |
| Third party fund subscriptionfee on a USD 250,000 subscription | 0.70% | 0.80% | 1.40%average of 42 other banks |
| Account maintenanceper year | USD 2,250 a year | Not in the schedule | USD 1,238 a yearaverage of 26 other banks |
| Outgoing international transferper transfer, standard | USD 75 | USD 40 | USD 57average of 61 other banks |
| Transfer of securities to another bankper position | USD 188 | USD 150 | USD 124average of 38 other banks |
| Closing the accountone off | USD 125 | USD 250 | USD 740average of 21 other banks |
| Currency conversionmargin on a USD 1 million spot conversion | Not in the schedule | 0.81% | 0.71%average of 30 other banks |
| Minimum annual feeper year, or fee below the asset threshold | Not in the schedule | USD 12,000 a year | USD 4,136 a yearaverage of 38 other banks |
Each fee is rated against the average of the other banks that publish it: five stars is the lowest, one star the highest. The schedules, their dates and what each leaves out are listed centre by centre below.
Liechtenstein · VP Bank AGCentre file
With the trades, conversions and transfers of the reference year added at list price: about USD 256,050 a year, 102 basis points.
Not in the published schedule: currency conversion, minimum annual fee, lombard loan margin.
Sources.
- Dienstleistungen und Konditionen für Private Banking, Gültig ab 1. Juli 2026 (edition 06.2026) (DE), read on 6 November 2026
Singapore · VP Bank Ltd Singapore BranchCentre file
With the trades, conversions and transfers of the reference year added at list price: about USD 327,870 a year, 131 basis points.
Not in the published schedule: advisory mandate, account maintenance, lombard loan margin.
Third party payments. The schedule states: “The Bank may receive benefits from other parties (which may be in monetary or non-monetary form)”
Sources.
- Services and fees for private banking, Valid from 1 January 2026 (version 01.2026), read on 6 November 2026. Entity named: VP Bank Ltd Singapore Branch. 12 numbered pages plus cover and an unnumbered Sales Disclosure Notice. Fees in USD unless noted.
How the comparison works: USD 25 million booked with the bank: half under a discretionary balanced mandate, half in custody with advice; 24 equity trades of USD 250,000 and 8 bond trades of USD 500,000 a year; 6 currency conversions of USD 1 million; 24 outgoing international transfers. Tiered fees are applied to those amounts tranche by tranche, stated minimums are applied, and amounts are converted at indicative rates of 2026-11-06. Read how we compare fees.
Identity, protection and services
Ownership
Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.
Booking entities
Financial strength, as reported
These are the published figures of VP Bank AG (VP Bank Group, consolidated), which reports for this bank. Sources: VP Bank Annual Report 2025 - Financial year in figures; VP Bank Annual Report 2025 - Own funds disclosure; VP Bank facts page (founding, headcount, ratings).
Services published across its booking centres
Offered at one or more booking centresOffered by the group, not confirmed at a centreNot located, which does not mean unavailable
Checked on the bank's own pages for each centre.
Access and costs
Singapore: Not published
Singapore: Accepted with restrictions
Singapore: Published, Valid from 1 January 2026 (version 01.2026) Source Compared below
Singapore: Not published
Protection of client assets
Singapore: Wholesale banks and merchant banks are not members of the SDIC Deposit Insurance Scheme, so deposits booked here carry no Singapore deposit insurance. Only eligible Singapore-dollar deposits are insured; deposits in US dollars or other currencies are not covered.
Singapore: Not published
Singapore: Not published
Before opening an account
- Moving the portfolio. Use the published transfer terms as a starting point. Ask the bank to flag positions in your portfolio that would require consent, manual handling or a sale, and to quote the charges separately. Liechtenstein
- Reporting to the family office. The bank lists a desk for external asset managers. Ask for a sample statement or data export and confirm whether it includes positions, transactions, accrued income and all currencies held.
- Exit costs. The fee comparison shows USD 188 per position for a securities transfer. Ask what rate would apply to your mandate and whether the receiving bank or a sub-custodian would charge separately. See published fees.
- Custody agreement. Ask for the agreement covering the account you would open. Which entity holds the securities, what law governs the account, and where would the assets be held if a sub-custodian is used? Singapore
Rate VP Bank
If you bank with VP Bank in any of its booking centres, or advise clients who do, your experience forms part of its PPLI.com rating. Please say which centre you deal with. Every response is read by the editor and treated in strict confidence.
Sources
All 19 documents cited on this page, by subject.
Client experience and press
- Moneycab: Finma erleidet Niederlage in Enforcement-Verfahren gegen VP Bank, 13 July 2026moneycab.com
- Finews: Defeat for Finma: Court Overturns VP Bank Ruling in High Profile Case, 10 July 2026finews.com
- finews.asia: New Rumors Surrounding VP Bank, 22 October 2024finews.asia
- Finews: Eklat bei der VP Bank: CEO geht per sofort, 8 May 2024finews.ch
Fees
- VP Bank: VPE VPBLI Bro Dienstleistungen und Konditionen PRB DE (PDF)vpbank.com · Fees
- VP Bank: VPBSG Bro Services and fees PRB EN (PDF)vpbank.com · Fees
Identity, ownership, finances and services
- VP Bank: Nodevpbank.com · Group parent
- VP Bank: Imprintvpbank.com · Liechtenstein
- Monetary Authority of Singapore: 218801 VP BANK LTDeservices.mas.gov.sg · Singapore
- VP Bank Annual Report 2025 - Financial year in figuresreports.vpbank.com · Financial strength
- VP Bank Annual Report 2025 - Own funds disclosurereports.vpbank.com · Financial strength
- VP Bank facts page (founding, headcount, ratings)vpbank.com · Financial strength
- VP Bank: Wealth planningvpbank.com · Services
- Vp bank top notch solutions and wealth managementvpbank.com · Services
- VP Bank: Lombard loanvpbank.com · Services
- VP Bank: Mortgage loans real estate financingvpbank.com · Services
- VP Bank: External asset managersvpbank.com · Services
- VP Bank: VPE VPBLI Bro AGB DE (PDF)vpbank.com · Third party payments
The bank
- VP Bank, websitevpbank.com
For VP Bank
Before we publish a significant negative finding that is not already public, we give the bank the facts and time to comment, on the same timetable for every bank. Decisions of regulators and courts are shown as they were published. Corrections we verify are published with the date of the change. Write to [email protected] quoting the reference of the booking centre concerned: Liechtenstein BK-LI-VP-BANK-93D470; Singapore BK-SG-VP-BANK-SG-8B1A6E.
Reviewing this file with us
Families and their advisers read this file before they open an account. It can only be as complete as the documents we can find, and much of what sets a private bank apart, from its custody terms to the way a client team works, is rarely published.
If you represent VP Bank, one of our Bank Intelligence analysts can go through the file with you: correct anything that is out of date, add terms and documents that are not yet public, and set out what has improved since our last edition. The review is a paid engagement for the analyst's time and research.
The rating itself stays with our editor and follows what the documents show, so we cannot promise a particular result. When a review changes the file, this page notes that the bank took part, with the date and what was added.
About this file
Brought together by the PPLI.com research desk from the files of its booking centres and the public sources listed. The rating is our editorial opinion; read how the overall rating is built.