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, the 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 at the bank branches of Bank Linth and LLB AG in Eastern Switzerland and Liechtenstein and at representative offices in Zurich-Erlenbach, Geneva, Abu Dhabi (UAE) and the branch in Dubai (UAE).

Business segment result

The Private Banking segment increased its operating income by 14.4 percent. The acquisition of Semper Constantia Privatbank AG contributed around CHF 5 million to this performance. Adjusted to take into consideration the effects of the acquisition, operating income rose by around 6 percent. Operating expenses increased, on the one hand because of the acquisition, and on the other, due to the expansion of adviser capacity in line with strategy. Client assets under management climbed slightly to CHF 16.4 billion. The Austrian domestic market and the growth markets of the Middle East contributed to this performance. The business volume expanded by 0.5 percent to CHF 18.3 billion.