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 cycle. Traditionally, savings and mortgage lending business has always played a very important role. This is supplemented by financial planning and corporate pension provisioning.
In addition, the LLB Group provides specific investment advice and asset management to clients having available assets of up to CHF 0.5 million. At the same time, as the bank of small and medium-sized enterprises, it offers special services for SMEs. Retail & Corporate Banking combines bank branches with mobile and web-based services. It has three branches in Liechtenstein and 19 in the Swiss cantons of Zurich, St. Gallen, Schwyz and Glarus.
Business segment result
The continuing demand for real estate financing generated an increase in loans to customers of 3.5 percent to CHF 10.0 billion in the Retail & Corporate Banking Segment. During the first half of 2017 the business volume expanded by 1.8 percent to CHF 18.4 billion.
Interest differential business, which comprises the largest part of earnings in private and corporate client business, posted a pleasing development. The decrease in margin contributions in deposits business was compensated for by growth in lending business. Adjustments for credit loss expense were higher than the previous year’s record lows. On account of higher internal settlements, operating expenses increased but were compensated for by lower personnel expenses. The segment profit before tax decreased by CHF 19.9 million.
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in CHF thousands |
First half 2017 |
First half 2016 |
+/− % |
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Net interest income |
42'741 |
41'418 |
3.2 |
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Credit loss (expense) / recovery |
–3'104 |
–865 |
258.8 |
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Net interest income after credit loss expense |
39'638 |
40'553 |
–2.3 |
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Net fee and commission income |
15'482 |
15'462 |
0.1 |
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Net trading income |
5'454 |
4'929 |
10.7 |
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Other income |
536 |
225 |
138.2 |
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Total operating income |
61'110 |
61'169 |
–0.1 |
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Personnel expenses |
–15'214 |
–16'269 |
–6.5 |
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General and administrative expenses |
–981 |
–851 |
15.3 |
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Depreciation and amortisation |
–34 |
–35 |
–2.9 |
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Services (from) / to segments |
–24'952 |
–22'401 |
11.4 |
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Total operating expenses |
–41'180 |
–39'556 |
4.1 |
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Segment profit before tax |
19'930 |
21'613 |
–7.8 |
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First half 2017 |
First half 2016 |
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Net new money (in CHF millions) |
–97 |
256 |
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Growth of net new money (in percent) |
–1.1 |
3.2 |
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Cost-Income-Ratio (in percent) * |
64.1 |
63.8 |
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Gross margin (in percent) ** |
70.4 |
70.7 |
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30.06.2017 |
31.12.2016 |
+/− % |
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Business volumes (in CHF millions) |
18'439 |
18'116 |
1.8 |
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Assets under management (in CHF millions) |
8'418 |
8'435 |
–0.2 |
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Loans (in CHF millions) |
10'021 |
9'681 |
3.5 |
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Employees (full time equivalent, in positions) |
191 |
202 |
–5.4 |