LLB Österreich best private bank in Austria

Vienna, 16 December 2020. Industry magazine “Börsianer” ranks Liechtensteinische Landesbank (Österreich) AG as best private bank in Austria. LLB Österreich also scored a top 3 position in the overall “Banks” rating of 50 financial institutions, successfully holding its ground against the large players on the Austrian market.

Once again, Liechtensteinische Landesbank (Österreich) AG lives up to its aspiration of being Austria’s leading wealth management bank. In its annual ranking of Austria’s best financial enterprises, the “Börsianer” industry magazine chose the Austrian subsidiary of Liechtensteinische Landesbank AG, Vaduz, as the best private bank in Austria. In the overall “Banks” ranking, LLB Österreich was ranked third among 50 financial institutions, successfully holding its ground even against the large players in the Austrian banking sector.

The 2020 ranking, which was already the sixth in a row, is based on a comprehensive, three-pronged evaluation system: a KPI analysis assessing the institutions’ economic standing is supplemented with reviews by competitors and assessments by “Börsianer” industry experts. Accounting and auditing firm BDO Austria, a “Börsianer” project partner, makes sure the ranking is independent and transparent. The results were presented in a livestream on 14 December 2020.

Dr. Robert Löw, Chairman of the Board of Management of Liechtensteinische Landesbank (Österreich) AG, on this year’s ranking: “We have set ourselves the goal of not only being Austria’s leading wealth management bank, but also being perceived as such by the market. The current “Börsianer” ranking goes to show that our efforts have been successful. I would like to use this opportunity to thank our advisers and the entire LLB Österreich team without whose commitment and expertise we would never have been able to achieve such a top-level score.”

A member of LLB Group, the independent full-service Austrian bank with its three business segments – wealth management and advisory services, custodian bank and investment funds, and real estate – offers a broad range of products, from classic private banking to bespoke private-label funds for third-party asset managers. This diversified business model has clearly proven its strength, especially in times of crisis. LLB Österreich has therefore been pleased to see substantial growth in both its client base and in net assets even in this challenging financial year.