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Liechtensteinische Landesbank Logs Profit Rise For H1

Editorial Staff

25 August 2022

yesterday announced that it had logged a 6.8 per cent year-on-year rise in net profit for the first six months of 2022, at SFr75.9 million ($78.4 million).

The bank, which operates in several jurisdictions, said LLB’s cost/income ratio narrowed to 62.8 per cent, a fall of 2.3 points.

The European firm logged SFr2.5 billion of net new money in H1 2022, translating into an annual growth rate of 5.5 per cent.

LLB’s Tier 1 ratio amounted to 18.4 per cent, it said in a statement.

Loans to clients rose by SFr400 million in the first half year, ahead of SFr300 million a year before. Both Bank Linth in eastern Switzerland and LLB in Liechtenstein contributed to the loans growth. 

Client assets under management fell by 8.4 per cent to SFr 84.2 billion from SFr91.9 billion at the end of December last year. Inflows helped to offset some of the impact of falling markets this year, LLB said.