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Thomas Gitzel, chief economist at VP Bank, anticipates an interest rate cut by the European Central Bank (ECB) in April, citing March's inflation data as a catalyst for monetary easing. He predicts a 25 basis point reduction, influenced by the economic impact of punitive tariffs from the Trump administration, which could further weaken the European economy and dampen inflation. Gitzel also suggests that another rate cut may occur at the ECB's June meeting.
German retailers experienced unexpected sales growth in February, with revenues rising by 0.8% month-on-month and 4.9% year-on-year in real terms. Analysts had anticipated stagnation, but the positive trend, along with an upward revision of January's figures, suggests a potential boost to GDP growth from private consumption in the first quarter. The German Retail Association projects a 2% increase in retail sales for the year, reaching 677 billion euros.
VP Bank is facing significant turmoil, with profits plummeting over 50% to just under 19 million in 2024. CEO Mara Harvey has been dismissed, and two experienced customer advisors from the offshore division have resigned, raising concerns about the bank's future under operational-focused leadership. The management's inability to stabilize the situation has left many questioning the direction of VP Bank.
VP Bank shares rose slightly by 0.57% to EUR 87.75 on March 30, 2025, but face significant challenges, with analysts issuing a unanimous "sell" rating. Despite a favorable P/E ratio and high dividend yield, earnings expectations have been downgraded, and the average target price is 16.5% below the current price. The bank's history of disappointing results adds to investor concerns ahead of the upcoming Annual General Meeting on April 25, 2025.
VP Bank shares rose 1.73% to EUR 88.00 on March 28, 2025, continuing a positive trend despite analysts maintaining a negative outlook with recommendations to "underperform" or "sell." The average target price of CHF 70.00 suggests a potential overvaluation of over 15%. While the bank's price/earnings ratio is favorable at 11.41 for 2025, expectations for profit are declining, prompting investors to anticipate strategic changes at the upcoming annual general meeting on April 25.
Starting in April, the USA will impose a 25% tariff on car imports and parts, with additional duties affecting the automotive supply industry by May 3. President Trump views these tariffs as permanent, potentially escalating a global trade war, particularly impacting European and Asian manufacturers. The tariffs could drive up vehicle prices, influencing inflation and the consumer price index, while currency depreciation may offer some cost relief to European and Mexican manufacturers.
VP Bank's share price fell by 0.29% to 86.25 euros, reflecting a yearly decline of 8.97%, despite a stable monthly increase. Analysts recommend selling, citing weak growth prospects and a price target of 70.00 Swiss francs, indicating a potential downside of nearly 15%. Investors should note the upcoming Annual General Meeting on April 25, 2025.
Paul Arni, former CEO of VP Bank, has joined WRISE Singapore as a non-executive director, effective immediately. He will guide the firm's corporate strategy, governance, and risk management, emphasizing the importance of robust governance in wealth management. WRISE Group is expanding its presence in Asia, having recently launched offices in Shenzhen and Dubai.
Paul Arni, former CEO of VP Bank, has joined WRISE Singapore as a non-executive director, effective immediately. He will guide the firm's corporate strategy, governance, and risk management, emphasizing the importance of robust governance in wealth management. WRISE Group is expanding its presence in Asia, having recently launched offices in Shenzhen and Dubai.
WRISE Singapore has appointed Paul Arni, former CEO of VP Bank, as a non-executive director. With over 30 years in wealth management and private banking, he will provide insights on corporate strategies, risk management, and governance as the firm seeks to enhance its strategic vision in a competitive market. Derrick Tan, executive chairman of WRISE Group, expressed confidence in Arni's expertise and its value to the company's growth.
VP Bank AG
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