Advance information on the 2019 annual result
Vaduz, 23 January 2020. The LLB Group expects a net profit of approximately CHF 123 million for the 2019 business year (+45% over the previous year).
The LLB Group's successful growth continues. Its business volume grew by CHF 9 billion to CHF 89 billion as of 31 December 2019 (31 December 2018: CHF 80.1 billion).
Operating income was CHF 453 million (2018: CHF 399.7 million). Operating expenses amounted to CHF 311 million (2018: CHF 305.9 million). Net profit rose to approximately CHF 123 million from CHF 85.1 million in the previous year. Operational progress as well as market and one-off effects contributed to the higher annual result.
These figures have not yet been audited. The LLB Group will publish its consolidated annual report with detailed information on 12 March 2020.
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. Cyrill Sele
Head of Group Corporate Communications & General Secretary
Telephone +423 236 80 99