The Private Banking Division is internationally active and maintains its local ties through the brands “Liechtensteinische Landesbank” and “Bank Linth”. The LLB Group operates three booking centres and has a bank each in Liechtenstein, in Switzerland and in Austria. Our focus lies on the home markets of Liechtenstein, Switzerland and Austria, on our traditional cross-border markets of Germany and other parts of Western Europe, as well as on the growth markets of Central and Eastern Europe and the Middle East.
The LLB Group’s business model aims at its clients meeting tax compliance requirements. It is of central importance for our cross-border banking that strict compliance with prevailing regulations is maintained. By providing intensive training courses, we ensure that our employees fulfil the regulations of the target countries and observe tax compliance rules during their cross-border activities.
Our home markets: Liechtenstein, Switzerland and Austria
Liechtenstein, Switzerland and Austria, as financial centres, possess a high potential to attract investors who are seeking security and stability for their investments. We posted very pleasing inflows of client assets in 2019 both in private banking in Liechtenstein and from clients in the Swiss and Austrian market regions. At a local level, we are represented by three LLB bank branches in Liechtenstein, twenty Bank Linth business locations in eastern Switzerland and one bank in Vienna.
Traditional cross-border markets
Germany – Europe’s largest private banking market – and other selected western European markets continue to be important for our asset management. We benefit here from our extensive experience and our clients’ trust in the quality of our services and the good performance of our asset management.
Central and Eastern Europe
The LLB Group focuses on the Central and Eastern European EU states, Russia and selected CIS states. These markets are covered specifically from our business locations in Zurich-Erlenbach, Geneva, Vaduz and Vienna. In line with our strategy, we have put in place client advisory teams in Zurich-Erlenbach and Geneva. This has enabled us in recent years to increase client assets under management from these strategic target markets.
The LLB Group has maintained a representative office in Abu Dhabi since 2005. In 2008, this was followed by our business base in Dubai. In recent years we have strengthened and significantly expanded our business presence in the Middle East. In order to better exploit the opportunities offered by this attractive market, we moved to the Dubai International Financial Centre (DIFC) in summer 2019. This now provides us not only with much larger offices, but also with much more scope for our business operations.