Private Banking Segment

Private Banking

The Private Banking Division of the LLB Group combines advisory quality and investment competence with modern technology. The focus lies on the onshore markets of Liechtenstein, Switzerland and Austria, our traditional cross-border markets in Germany and Western Europe, as well as the growth markets in Central and Eastern Europe and the Middle East. In addition, the Private Banking Division is responsible for groupwide product management.

The Private Banking Division offers international clients investment advice, wealth management, asset structuring, financing facilities, as well as financial and retirement planning. These services are provided at its three banks in Liechtenstein (Vaduz), Switzerland (Uznach) and Austria (Vienna), as well as at representative offices in Zurich-Erlenbach, Geneva, Vienna, Abu Dhabi and Dubai, and at the bank branches of the LLB Group in Eastern Switzerland and Liechtenstein.

Business segment result

The Private Banking Segment reported net new money inflows in the domestic and growth markets totalling CHF 130 million in the first half of 2017. Both client assets under management and loans to clients increased resulting in an expansion of business volume of 2.3 percent to CHF 15.1 billion.

The shifting of client assets into foreign currencies led to a pleasing increase in income from interest business. In income from fees and commissions business, the Private Banking Segment benefitted from higher brokerage and earnings from asset management services. In total operating income climbed by around 17.9 percent to CHF 51.7 million. The strategic expansion of human resources in client advisory services was reflected in operating expenses. The segment result before tax rose substantially by over 50 percent to CHF 20.9 million.