Annual Report 2002

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The values important to us also apply internally. We work as a team. At the same time, we cultivate open communications and seek consensus. This type of communication is based on mutual trust. We have implicit trust in each other and behave in a manner that enables people to trust in us. The way we behave towards each other within the company is what clients feel when they work with us. Whenever we act, we do so with the overall picture in mind. We are constantly in search of new ideas, to ensure that we move forward together as a team. This creative process is always forward-looking. The sign of true quality is when ideas work in the long term. Ideas are only good if they benefit our clients and ourselves. We approach our jobs seriously and professionally. And we enjoy our work. This way, we do not lose sight of our human side. Precision and passion are not mutually exclusive. Quality, service and security: things we and our clients value immensely. In every possible situation. Our clients have the right to first-class service and to impeccable quality and advice. This sort of quality runs through all our products and the entire relationship. page 6 | vp bank | annual report <strong>2002</strong> Our understanding of security has continued to develop in the course of recent years. For our clients, we are reliable partners who protect their privacy. When we act, we are aware of the risks involved and our responsibilities; needless to say, we comply fully with international compliance standards. And sustainability is a consideration in everything we do. Only when our clients are completely satisfied in the long-term have we achieved our goal. Getting there is part of our everyday work. We leave no stone unturned in the quest to provide our clients with friendly, professional, personal and, above all, discreet service.
What sets VP Bank apart? Professional services – today and tomorrow Wealth management and private banking services for international clients focusing on the personal relationship. Trust banking services for trustees and asset managers – a strong partnership. Investment management – a center of excellence for innovative new investment products. Services for regional private and loan clients – reliability is crucial. You are perhaps already familiar with VP Bank's most important asset: our 600 employees. Our bank comprises many different types of individuals with widely differing skills from all walks of life. They are the individuals who provide all-round advisory services and help ensure the long-term growth of your assets. They embody the head, heart and guts described earlier. They think, feel and act. They advise and decide. In the process, they help our clients to make more out of their assets. We can achieve our ambitious goals only if we have the right kind of working environment, if our shareholders are satisfied and if we enjoy an outstanding reputation in the outside world. We are fully aware of this and act accordingly. VP-Bank – local roots, global presence We have close ties with the Principality of Liechtenstein, as demonstrated by our involvement in local cultural, social and sporting activities and events. Despite its local roots, Liechtenstein's international orientation is both a major advantage and a challenge. Today and in the future. Apart from our headquarters in Vaduz, we have subsidiaries in Zurich, Luxembourg and the Virgin Islands, as well as offices in Munich and Montevideo (Uruguay). annual report <strong>2002</strong> | vp bank | page 7
Page 1 and 2: Annual Report 2002
Page 3 and 4: Contents 4 Where does the path lead
Page 5: Turning visions into reality is abo
Page 9 and 10: Key figures of the consolidated bal
Page 11 and 12: Introductory remarks by the Chairma
Page 13 and 14: Adolf E. Real Chief Executive Offic
Page 15 and 16: gratifying, and we would like to ex
Page 17 and 18: Understanding Welcome Assessment Di
Page 19 and 20: Private Clients Trust Banking Inves
Page 21 and 22: Board of Management adolf e. real d
Page 23 and 24: Adolf E. Real, dipl. Ing. ETH, MBA
Page 25 and 26: International Advisory Board hans b
Page 27 and 28: Corporate Governance This report de
Page 29 and 30: 2. Capital structure 2.1 Capital Th
Page 31 and 32: 2.4 Shares The bearer shares of VP
Page 33 and 34: 3. Board of Directors The Board of
Page 35 and 36: Walo Frischknecht (born October 7,
Page 37 and 38: 3.5.3 Working methods of the Board
Page 39 and 40: 4. Board of Management The Board of
Page 41 and 42: April 1998, Mr. Wohlwend has borne
Page 43 and 44: 5.4 Share allotment in the year und
Page 45 and 46: 6.4 Agenda The determination of the
Page 47 and 48: 9. Information policy The legally p
Page 49 and 50: Relationship Wealth management à l
Page 51 and 52: Client Investment Management, Bank
Page 53 and 54: Luxembourg Vaduz larly appreciate t
Page 55 and 56: Media and Investor Relations: Verwa

Annual Report 2002

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