OREANDA-NEWS. Even though the Swiss National Bank abandoned its exchange rate floor against the Euro and introduced negative interest rates, the LLB Group improved its operating performance in the 2015 business year. It expects a net profit of about CHF 84 million compared with CHF 72.1 million in the previous year.

Operating income reached CHF 323 million, and operating expenses amounted to CHF 234 million.

Business volume was CHF 56.6 billion as of 31 December 2015. Loans to clients increased from CHF 10.7 billion to CHF 11.0 billion, while assets under management fell from CHF 50.2 billion to CHF 45.6 billion due to the sale of swisspartners Investment Network AG and as a result of the currency situation.

These figures have not yet been audited. The LLB Group will announce detailed information at the presentation of the annual results on 10 March 2016.

Important dates

  • Thursday, 10 March 2016, Presentation of the 2015 Annual Results
  • Wednesday, 4 May 2016, 24th Ordinary General Meeting of Shareholders
  • Thursday, 25 August 2016, 2016 Interim Financial Statement

The Liechtensteinische Landesbank AG (LLB) is the longest established financial institute in the Principality of Liechtenstein. The Principality of Liechtenstein holds the majority of the company's share capital. The LLB's shares are listed on the SIX Swiss Exchange (symbol: LLB). The LLB Group offers its clients comprehensive wealth management services, as a universal bank, in private banking, asset management and fund services. With 816 employees (full-time equivalent positions), the LLB is represented in Liechtenstein, Switzerland, Austria, and the United Arab Emirates (Abu Dhabi and Dubai). As per 31 December 2015 the LLB Group managed a business volume of CHF 56.6 billion.