Half-Year-Results 2024
Half-Year Results 2024
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BENDURA BANK AG on the upswing with new strategy and excellent half-year results
BENDURA BANK AG, based in Gamprin-Bendern, generated a profit of around CHF 6 million in the first half of 2024. Following one of the best business results since the bank was founded last year, BENDURA BANK is continuing its successful course in the first half of 2024. Gross income was maintained compared to the same period of the previous year, while operating expenses rose by 5% to CHF 18.6 million in the same period. In addition, the bank recorded an exceptionally high inflow of new money and thus significantly increased assets under management (AuM).
One of the main reasons for this excellent result is that BENDURA BANK offers its clients flexible and customised solutions thanks to its professionalism and independence, despite the increasing complexity and growing challenges in the financial sector. In addition, the implementation of the bank’s new strategy is beginning to bear fruit. ‘In 2023, we launched a strategy process with the help of all employees to set the Bank’s long-term strategic course. At the beginning of this year, we started implementing it in order to lead our bank into an even more successful future together,’ says CEO Dr Markus Federspiel.
Growth in Asia and Liechtenstein
The already very successful Asian market was also expanded further. BENDURA BANK’s portfolio was expanded to include Hong Kong-based BENDURA Wealth Management (Hong Kong) Limited in order to be able to offer clients in Asia a broader range of local services.
However, the expansion of the brand in Asia by no means implicates a standstill at the headquarters in Liechtenstein. The new strategy has also defined target markets, which will have a positive impact on the growth of BENDURA BANK in Gamprin-Bendern in the coming years, both in terms of profit and the number of employees.
Employees are the greatest asset
According to CEO Dr Markus Federspiel, healthy growth only works with the right talents. ‘Our employees are our greatest asset. Anyone who works for BENDURA BANK makes a significant contribution to the success of one of the largest financial institutions in the country – it depends on everyone’.
As an attractive employer in the region with a dynamic working environment, the bank appeals to committed and performance-orientated employees. Short decision-making processes and flat hierarchies offer an exciting and attractive working environment. Furthermore, thanks to an attractive participation model, employees can participate directly in the company’s success and become co-owners of the bank. This makes the bank a unique organisation run by entrepreneurs for entrepreneurs.
About BENDURA BANK AG
Founded in 1998, the bank offers wealthy entrepreneurial families and wealthy private individuals customised financial services such as asset management, investment advice, financing, securities issues and the creation and administration of investment funds. Independence, professionalism and outstanding language skills are the foundation of the bank’s success. In addition to its headquarters in Liechtenstein, the financial institution opened a representative office in Hong Kong in 2018. At the end of 2023, the bank’s portfolio was expanded to include BENDURA WEALTH MANAGMENT (HONG KONG) Ltd. and BENDURA Service Gmbh, based in Vienna.
Your contact person
Dr. Markus FEDERSPIEL, Mag.
CEO
Sprachen: German, English, Italian
Mag. rer.soc.oec. and Dr. phil. from the University of Innsbruck with studies abroad in Great Britain and Russia. Since successfully completing his doctorate in economic policy in 2008, he has been working for BENDURA BANK AG. Initially as Head Private Banking Italy and from 2013 as Head Institutional Clients. Appointed to the Executive Board in 2019 and appointed Chief Customer Officer (CCO). In October 2022, Markus Federspiel was appointed Chief Executive Officer (CEO). In this role, he is responsible for overall bank management as well as the Market and Sales divisions. At the same time, Markus Federspiel heads the leading front teams as well as the Human Resources, Marketing and Office Management departments. Markus Federspiel has been a guest lecturer at the Leopold Franzens University in Innsbruck (Austria) for many years and is also a member of the expert commission at the University of Liechtenstein. In addition, he represents BENDURA BANK AG in numerous international networks such as BAFIT, ITC and IPG International.
