Bank Frick reported a first-half net profit of 4.3 million Swiss francs, a 4.7% decline from the same period a year earlier, as net interest income and trading revenue weakened amid a challenging market environment.
Net interest income fell 15.1% to 17.1 million francs, while trading revenue dropped 38.5% to 10.4 million francs from 16.9 million francs in H1 2024. Commission and service income rose to 10.2 million francs, providing some offsetting support.
Operating expenses declined 4% to 36.7 million francs, reflecting the bank’s cost discipline. Customer assets decreased 9% from year-end to 6.9 billion francs, driven by market movements, foreign exchange effects, and net outflows of nearly 500 million francs from individual clients. Total assets fell to 2.3 billion francs from 2.8 billion francs at the end of 2024.
The Liechtenstein-based lender described the period as part of a broader transformation, citing reduced customer deposits and a smaller loan portfolio alongside intensified competition in the cryptocurrency market. CEO Edi Wögerer noted that the diversified business model had delivered results in line with expectations despite the difficult conditions.
For the second half, Bank Frick maintained a cautious outlook, warning of continued geopolitical risks and elevated market volatility. CFO Melanie Mündle reiterated the bank’s full-year profit guidance of around 8.4 million francs, citing the resilience of its diversified revenue base.
The 1998-founded bank, wholly owned by the Kuno Frick Familienstiftung, employs 300 staff across its headquarters, London branch, and Dubai office.
