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.