Despite a decline in first-half performance, the Liechtenstein-based banking group expects to report a 17 per cent year-n-year jump in net profit for 2015.

Switzerland-listed LLB Group saw an eight per cent dip in net profit to SFr40.8 million ($40.77 million) for the first half of 2015 but expects a full-year net profit of around SFr86 million, it said in a restated interim financial report.

In its corrected half-year report, the group said income from the deconsolidation of the swisspartners Group, which it sold last year, of SFr 11.1 million was to be reduced to SFr1.6 million. Accordingly, “other income” for the first half was corrected to SFr 1.9 million instead of the previously reported SFr11.4 million.

As of 21st January 2016, the group assumed a potential net profit of around SFr84 million for 2015 – versus SFr72.1 million in 2014 - and an operating income of SFr313 million. It will publish its 2015 annual financial results on 10th  March.

LLB Group offers private banking, asset management and fund services. The majority of the its share capital is held by the Principality of Liechtenstein.