Liechtensteinische Landesbank AG reaches agreement with German authorities

Vaduz, 13 April 2017. The Liechtensteinische Landesbank AG has reached an amicable agreement with the German authorities in connection with untaxed assets of German clients.

Payment is fully covered by provisions

The Liechtensteinische Landesbank AG has reached an amicable agreement with the German authorities in connection with untaxed assets of German clients. Under the agreement, the LLB AG will make a one-time payment of EUR 16.7 million. This payment is fully covered by provisions for legal and litigation risks and will have no negative financial impact on the 2017 business year. The solution reached with the authorities in North Rhine-Westphalia to settle the adverse legacy of the past establishes clarity and legal certainty. It applies to all German federal states.

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.