Retail & Corporate Banking Segment
Private and corporate clients
The Retail & Corporate Banking Division of the LLB Group offers the entire spectrum of banking and financial services for private and corporate clients in Liechtenstein and Switzerland at all phases of life and the business life cycle. Traditionally, savings and mortgage lending business has always played an important role. This is supplemented by financial planning and corporate pension provisioning.
Furthermore, the Retail & Corporate Banking Division provides investment advice and asset management to clients having available assets of up to CHF 0.5 million. At the same time, it offers services for small and medium-sized enterprises (SMEs). Retail & Corporate Banking combines bank branches with mobile and web-based services. It has three business branches in Liechtenstein and 19 in the Swiss cantons of Zurich, St. Gallen, Schwyz and Glarus.
Business segment result
During the first half of 2016, the business volume in the Retail & Corporate Banking Business Segment rose by 1.7 percent to CHF 17.7 billion. Thanks to the continuing demand for real estate financing, loans to customers climbed by 1.0 percent. Assets under management increased by 2.5 percent to CHF 8.2 billion. Net new money stood at CHF 256 million. Inflows were registered from private and corporate clients in the two domestic markets of Switzerland and Liechtenstein.
On account of the low interest rate level, operating income fell by 9.1 percent to CHF 61.2 million. Operating expenses fell at the same time by 13.5 percent to CHF 39.6 million. The segment profit before tax remained constant at CHF 21.6 million.
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in CHF thousands |
First half 2016 |
First half 2015 |
+/− % |
Net interest income |
41'418 |
46'354 |
−10.6 |
Credit loss (expense) / recovery |
−865 |
461 |
|
Net interest income after credit loss expense |
40'553 |
46'815 |
−13.4 |
Net fee and commission income |
15'462 |
14'669 |
5.4 |
Net trading income |
4'929 |
5'480 |
−10.1 |
Other income |
225 |
340 |
−33.8 |
Total operating income |
61'169 |
67'304 |
−9.1 |
Personnel expenses |
−16'269 |
−16'194 |
0.5 |
General and administrative expenses |
−851 |
−1'519 |
−44.0 |
Depreciation and amortisation |
−35 |
−50 |
−30.0 |
Services (from) / to segments |
−22'401 |
−27'986 |
−20.0 |
Total operating expenses |
−39'556 |
−45'749 |
−13.5 |
Segment profit before tax |
21'613 |
21'555 |
0.3 |
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|
First half 2016 |
First half 2015 |
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Net new money (in CHF millions) |
256 |
−7 |
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Growth of net new money (in percent) |
3.2 |
−0.1 |
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Cost-Income-Ratio (in percent) * |
63.8 |
68.4 |
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Gross margin (in percent) ** |
70.7 |
78.1 |