08/26/2024 | Press release | Distributed by Public on 08/25/2024 22:54
Vaduz, 26 August 2024. In the first half year of 2024, the LLB Group's business volume attained the CHF 110-billion mark for the first time in the company's history. The bank group again increased its profit. Even in the context of strategic investments, the Group's profitability continues to be robust.
First half 2024 | First half 2023 | +/- % | |
Operating income (in CHF millions) | 283.0 | 267.2 | +5.9 |
Operating expenses (in CHF millions) | -177.2 | -164.3 | +7.9 |
Group net profit (in CHF millions) | 90.2 | 88.7 | +1.7 |
Net new money inflow (in CHF millions) | 792 | 806 | -1.6 |
Net new loans (in CHF millions) | 217 | 455 | -52.2 |
RoE (in %) | 8.4 | 8.7 | |
Earnings per share (in CHF) | 2.95 | 2.89 | +2.0 |
Cost Income Ratio (in %) | 65.2 | 61.0 | |
30.06.2024 | 31.12.2023 | +/- % | |
Tier 1 ratio (in %) | 19.7 | 19.8 | |
Business volume (in CHF billions) | 109.9 | 102.2 | +7.5 |
Client assets under management (in CHF billions) | 94.3 | 86.9 | +8.4 |
Loans to clients (in CHF billions) | 15.6 | 15.3 | +2.1 |
Total assets (in CHF billions) | 25.5 | 25.7 | -0.8 |
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 1'261 employees (full-time equivalent positions), LLB is represented in Liechtenstein, Switzerland, Austria, Germany and the United Arab Emirates. As at 30 June 2024, the business volume of the LLB Group stood at CHF 109.9 billion.
Liechtensteinische Landesbank AG
Dr. Cyrill Sele
Head of Group Corporate Communications & Sustainability
Telephone +423 236 80 99
Internet llb.li