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 Retail & Corporate Banking Division provides specific investment advice and asset management to clients having available assets of up to CHF 0.5 million. At the same time, the LLB Group offers services for small and medium-sized enterprises (SMEs). Retail & Corporate Banking combines modern bank branches with mobile and web-based services. It has three branches in Liechtenstein and 19 in the Swiss regions of Linthgebiet, Zürichsee, Sarganser land, Ausserschwyz, Winterthur and Thurgau.

Business segment result

Interest differential business, which comprises the largest part of earnings in private and corporate client business, developed positively. The pressure on margins in mortgage business was more than compensated for by growth in lending business. In the reporting period value allowances for credit loss expense were released. In spite of investments made in the branch and distribution network, operating expenses rose only marginally. The business volume expanded by 3.8 percent to CHF 19.9 billion. Client assets increased by around 9 percent to CHF 9.2 billion. The segment posted new money inflows from private and corporate clients in the home markets of Switzerland and Liechtenstein. The segment profit before tax decreased from CHF 31.6 million to CHF 29.4 million.