Advance information on the 2016 annual financial statement

Vaduz, 19 January 2017. The LLB Group expects a net profit of about CHF 104 million (+20%) for the 2016 business year.

LLB Group improves its net profit significantly

In a demanding environment characterised by negative interest rates, volatile financial markets, and increasing regulation, the LLB Group can look back on a positive 2016 business year.

Operating income increased by 19% to CHF 371 million (2015: CHF 313.2 million). In addition to higher income from financial investments, especially the increasing long-term interest rates in the second half-year contributed to a valuation gain for interest rate hedging instruments as of the reporting date. Operating expenses amounted to CHF 258 million (2015: CHF 221.1 million). The higher expenses were mainly due to strategic personnel expansion, the renovation of branches, accruals for variable remuneration, and creation of provisions for legal and litigation risks. The LLB Group expects a net profit of about CHF 104 million compared with CHF 86.3 million in the previous year.

Business volume was CHF 58.0 billion as of 31 December 2016. Loans increased from CHF 11.0 billion to CHF 11.5 billion, and assets under management rose from CHF 45.6 billion to CHF 46.4 billion.

These figures are not audited. The LLB Group will announce its consolidated financial statement with detailed information on 14 March 2017.

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 1'523 employees, LLB is represented in Liechtenstein, Switzerland, Austria, Germany, Dubai and Abu Dhabi. As per 31 December 2025, the business volume of the LLB Group stood at CHF 125.9 billion.

Liechtensteinische Landesbank (Österreich) AG is one of the leading asset management banks in Austria with over EUR 32 billion in assets under management (as of 31 December 2023) and more than 230 employees. As a wholly-owned subsidiary of Liechtensteinische Landesbank AG (LLB), Vaduz, LLB (Österreich) AG also benefits from the stability and excellent credit rating of its owner and can draw on the more than 160 years of experience of the longest-established financial institution in the Principality of Liechtenstein. Austria has been one of the LLB Group’s three declared home markets since 2009, in addition to Liechtenstein and Switzerland.