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Contents<br />

4 Vision/Mission/Values VP Bank Group<br />

8 VP Bank (Switzerland) Ltd.<br />

9 Introductory remarks by the Chairman of the Board<br />

12 Report of the Chairman of the Board of Directors and<br />

the President of the Board of Management<br />

15 Governing bodies, internal audit, external auditors<br />

16 Balance sheet as at December 31, 2002<br />

18 Income statement 2002<br />

27 Notes to the annual financial statements<br />

31 Auditors’ report<br />

32 VP Bank Group<br />

33 Consolidated financial summary<br />

35 Information for shareholders<br />

36 Structure of the VP Bank Group<br />

38 Activities of the VP Bank Group

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