Advance information on the interim financial report 2019
Vaduz, 12 July 2019. The LLB Group expects to achieve an interim net profit of approximately CHF 61 million (+33% compared to the prior-year period) for the first half of 2019.
The LLB Group expects an interim net profit of approximately CHF 61 million.
The LLB Group is continuing to grow and is making great strides in terms of operational development. The recent acquisitions of Semper Constantia Privatbank AG in Austria and LB(Swiss) Investment Ltd in Switzerland both had a positive impact on the Group’s interim results, while market and one-off effects also contributed to the increase.
Operating income was CHF 224 million (first half of 2018: CHF 183.5 million). Operating expenses amounted to CHF 152 million (first half of 2018: CHF 128.3 million). The LLB Group expects an interim net profit of approximately CHF 61 million, compared with CHF 45.8 million in the previous year.
The business volume as of 30 June 2019 grew by CHF 5.5 billion to CHF 85.6 billion (31 December 2018: CHF 80.1 billion).
These figures are unaudited. The LLB Group will publish its consolidated interim financial report with the detailed information on 27 August 2019.
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 Swiss Exchange (symbol: LLBN). The LLB Group offers its clients comprehensive wealth management services, as a universal bank, in private banking, asset management and fund services. With 1'077 employees (full-time equivalent positions), LLB is represented in Liechtenstein, Switzerland, Austria and the United Arab Emirates (Abu Dhabi and Dubai). As per 31 December 2019, the business volume of the LLB Group stood at CHF 89.3 billion.
- 25 August 2020, 2020 Interim Financial Statement
Dr. Albert Halter
Head of Group Corporate Communications
Telephone +423 236 80 99
Fax +423 236 87 71