Media communiqué

Advance information on the 2016 annual financial statement

LLB Group improves its net profit significantly

Vaduz, 19 January 2017. The LLB Group expects a net profit of about CHF 104 million (+20%) for the 2016 business year.

In a demanding environment characterised by negative interest rates, volatile financial markets, and increasing regulation, the LLB Group can look back on a positive 2016 business year.

Operating income increased by 19% to CHF 371 million (2015: CHF 313.2 million). In addition to higher income from financial investments, especially the increasing long-term interest rates in the second half-year contributed to a valuation gain for interest rate hedging instruments as of the reporting date. Operating expenses amounted to CHF 258 million (2015: CHF 221.1 million). The higher expenses were mainly due to strategic personnel expansion, the renovation of branches, accruals for variable remuneration, and creation of provisions for legal and litigation risks. The LLB Group expects a net profit of about CHF 104 million compared with CHF 86.3 million in the previous year.

Business volume was CHF 58.0 billion as of 31 December 2016. Loans increased from CHF 11.0 billion to CHF 11.5 billion, and assets under management rose from CHF 45.6 billion to CHF 46.4 billion.

These figures are not audited. The LLB Group will announce its consolidated financial statement with detailed information on 14 March 2017.

Important dates

  • Tuesday, 14 March 2017, Presentation of the 2016 Annual Results
  • Friday, 12 May 2017, 25th Ordinary General Meeting of Shareholders
  • Thursday, 24 August 2017, 2017 Interim Financial Statement

Brief portrait

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 858 employees (full-time equivalent positions), the LLB is represented in Liechtenstein, Switzerland, Austria, and the United Arab Emirates (Dubai and Abu Dhabi). As per 31 December 2016 the LLB Group managed a business volume of CHF 58.0 billion.


LLB_MC_Advance information 2016



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