VP Bank (BVI) Limited is a member of VP Bank Group, an internationally positioned private bank. The group specialises in asset management services for private individuals and intermediaries. VP Bank Group is headquartered in Liechtenstein (VP Bank AG) and is one of the largest banks of this country.
Although there is no deposit guarantee scheme in the British Virgin Islands, the Government of the British Virgin Islands acknowledged the need to offer some level of security to depositors. In May 2016, the Virgin Islands Deposit Insurance Act 2016 (VIDIC Act) providing necessary framework was published. The implementation of the deposit insurance system is designed to protect at least savings of domestic depositors in the Territory: in the case of VP Bank (BVI) Limited failure its depositors will not get any compensation.
VP Bank (BVI) Limited is located in Tortola.
VP Bank (BVI) Limited is authorized and supervised by the Financial Services Commission.