Balance sheet

audited information

The consolidated balance sheet total increased by 14.4 per cent in comparison with 31 December 2017 and stood at CHF 22.9 billion on 31 December 2018 (31.12.2017: CHF 20.0 billion). The increase in the balance sheet total is largely attributable to the takeover of LB(Swiss) Investment AG and Semper Constantia Privatbank AG. Loans to clients rose by 6.4 per cent to CHF 12.9 billion in comparison with 31 December 2017. Mortgage loans expanded by 5.3 per cent to CHF 11.1 billion.

Equity attributable to the shareholders of LLB amounted to CHF 1.9 billion at 31 December 2018. The tier 1 ratio stood at 19.0 per cent (31.12.2017: 21.6 %). The return on equity attributable to the shareholders of LLB amounted to 4.3 per cent (2017: 6.0 %).