LLB - Liechtensteinische Landesbank AG

08/26/2024 | Press release | Distributed by Public on 08/25/2024 22:54

LLB Group with further increase in profit

Ad hoc announcement pursuant to Art. 53 LR

LLB Group with further increase in profit

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

Brief portrait

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.

Important dates

  • 24 February 2025, presentation of the 2024 business result
  • 16 April 2025, 33rd ordinary General Meeting of Shareholders

Contact

Liechtensteinische Landesbank AG
Dr. Cyrill Sele
Head of Group Corporate Communications & Sustainability
Telephone +423 236 80 99
Internet llb.li

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Ad hoc Announcement pursuant to Art. 53 LR 2024 Media communiqués Financial reporting