Gamprin-Bendern, 05 May 2022 - BENDURA BANK AG, a private bank majority-owned by Hong Kong Stock Exchange-listed Citychamp Watch & Jewellery Group Ltd, has moved into its new building in Bendern in the presence of its major shareholder Mr Kwok Lung Hon.

BENDURA BANK AG has moved into its new building in Bendern, one of the largest construction projects in Liechtenstein in recent years. The project, with an investment volume of approximately CHF 40 millions, once again underlines BENDURA Group's long-term commitment to Liechtenstein and its headquarters in Gamprin-Bendern.

Strategic decision on the new building at the end of 2017

In order to meet the requirements for spatial resources, the strategic decision to establish 150 additional, high-quality and modern workplaces was already made at the end of 2017. The new BENDURA campus, which integrates the previous bank building, will thus accommodate up to 250 employees. The corre-sponding infrastructure is provided by an additional investment in a modern multi-storey car park located in the immediate vicinity of the new building, equipped with photovoltaic panels and geared towards electric mobility, which can be used as of the second half of 2022.

Completion of the new building on time

After the ground-breaking ceremony in May 2019, construction took place under persistently difficult conditions due to the COVID 19 pandemic, which started only slightly later. Nevertheless, BENDURA BANK AG was able to move into the new building as planned. “We had to deal with delivery bottlenecks, especially in the procurement of essential materials. It is therefore not obvious that a construction project can be completed on time under these conditions” as the major shareholder Kwok Lung Hon proudly states. "The bank would therefore like to extend special thanks to Verling & Partner AG in Vaduz and Xavier Calderon Architektur in Zurich, who worked tirelessly at full speed to realise the project."

New building in a modern style

Customers can now expect an impressive entrance hall, more than twice as many visitor parking spaces and 16 inviting meeting rooms. "The architecture of the building is to be understood as a metaphor for safety and professionalism, for trust and irrevocable values" as CEO Dr. Peter Krenn explains. The exterior façade was realised with a gridded, "articulated" structure and clad with hewn natural stone. The usable space could thus be increased from the previous approx. 2,500 m² to now more than approx. 5,350 m², with just under 800 m² in the new part of the building being offered for rent to interested third parties.

BENDURA BANK AG on course for growth

BENDURA BANK AG's client assets under management reach a high of CHF 4.1 billion due to a positive inflow of new money and a favourable market development, which is 9.9% higher than the value as per 31.12.2020. Profit after tax for the financial year 2021 amounts to CHF 5.1 million (previous year: CHF 1.1 million). Thanks to a sustainable and profitable business model, BENDURA BANK AG continues to have a solid financial base and a healthy liquidity situation.

BENDURA BANK AG in a nutshell

BENDURA BANK AG, which is fully licensed in Liechtenstein and has a representative office in Hong Kong, offers wealthy entrepreneurial families and high net worth individuals tailor-made financial ser-vices such as asset management, investment advice and securities issuance as well as the set-up and administration of investment funds. The relationship managers are organised in 20 different langu-age regions. The company is a subsidiary of Citychamp Watch & Jewellery Group Ltd, a luxury goods group listed on the Hong Kong Stock Exchange.