LLB wins Swiss Annual Report Rating
Vaduz, 19 September 2019. The Liechtensteinische Landesbank (LLB) has won first place in the overall ranking of the Swiss Annual Report Rating 2019. It competed against 238 companies listed on the Swiss stock exchange and other major companies. According to the expert jury, the LLB Annual Report is exemplary in terms of transparency, clarity, and design.
"Clear and transparent" – LLB Annual Report convinces expert jury
For ten years, the LLB has consistently been among the twelve best reports. Still second place in last year's overall ranking, the LLB was able to beat that mark at the award ceremony in Zurich on Wednesday evening, climbing to the top of the winner's podium. Jury president Hans-Peter Nehmer praised the LLB with the following words: "As the only bank to ever reach the top three in recent years, the LLB has now crowned its steady ascent in reporting."
Praise for transparent information policy
The LLB's award-winning Annual Report 2018 is under the sign of growth. The Greek letter phi, which adorns the title page, represents growth in the golden ratio – symbolism that runs through the entire Annual Report both visually and in terms of content. Ilona Gyöngyösi, who held the laudatio, stressed that the grand jury had chosen the LLB as the overall winner with conviction: "In addition to proper documentation of the figures, an annual report should also clearly and transparently present the business model to the various stakeholders. The Liechtensteinische Landesbank has succeeded in doing this."
According to Bilanz, the Swiss business magazine, it is remarkable that a bank has won the main prize in the rating, given that the regulatory requirements are more extensive than in other sectors, making the reports more difficult to digest. Despite this, the LLB distinguishes itself with clear, unembellished language and "precious little nonsense", as a juror is quoted in the advance copy of the forthcoming issue.
High-calibre expert jury evaluates all major companies
On the basis of a comprehensive catalogue of criteria, about forty specialists in three juries and five categories evaluated the annual reporting of 238 companies from Switzerland and Liechtenstein. Both the printed publications and the online annual reports were analysed in detail. The evaluation of the quality of the content – the value reporting – was carried out under the leadership of the Institute for Banking and Finance of the University of Zurich. The visual design was appraised by a high-calibre design jury under the direction of the Zurich University of the Arts.
The top three in the Swiss Annual Report Rating 2019
1st place: Liechtensteinische Landesbank
2nd place: Geberit
3rd place: Swisscom
Liechtensteinische Landesbank AG (LLB) is the longest established financial institute in the Principality of Liechtenstein. The majority of the company's share capital is held by the Principality of Liechtenstein. LLB's shares are listed on the SIX (symbol: LLBN). The LLB Group offers its clients comprehensive wealth management services, as a universal bank, in private banking, in asset management and fund services. With 1'092 employees (full-time equivalent positions), LLB is represented in Liechtenstein, Switzerland, Austria and the United Arab Emirates (Abu Dhabi and Dubai). As per 30 June 2019, the business volume of the LLB Group stood at CHF 85.6 billion.
- 12 March 2020, Presentation of the 2019 Annual Result
- 8 May 2020, 28th Ordinary General Meeting of Shareholders
Dr. Cyrill Sele
Head of Group Corporate Communications & General Secretary
Telephone +423 236 80 99