Liechtensteinische Landesbank: Best Private Bank Liechtenstein 2022

Liechtensteinische Landesbank

The Liechtensteinische Landesbank (LLB) group pulls from a 160-year legacy to navigate evolving market conditions and regulations with confidence and competence. LLB is majority owned by the Principality of Liechtenstein, where the group is headquartered and has established a leading market position. It also has a strong presence in Austria and Switzerland and is increasingly active across Central and Eastern Europe as well as in the Middle East. LLB provides a broad range of products and services for private, corporate and institutional clients. It helps private clients to manage assets and plan for the future. Corporate clients appreciate the bank’s robust digital offerings and financing solutions. It enables institutional clients to make more time for their customers with LLB Xpert Monitoring and LLB Xpert Solutions. LLB has proven itself a reliable partner during challenging times. LLB business volume in 2021 exceeded 100 billion Swiss francs (CHF 105.7 bn). The bank’s Aa2 rating was reaffirmed by Moody’s this spring, placing LLB among the most stable and secure banks worldwide. The bank has a Tier-1 ratio of 20.3 percent. AUM is up more than 15 percent and there’s been an incremental increase in loans as well, contributing to an 25 percent rise in net profits. It has invested heavily in digitalisation over the past few years and continues to adopt more sustainable practices and products. The LLB Group’s banking operations has become carbon-neutral in 2021 – making it the first bank in Liechtenstein and one of the first in Switzerland and Austria to do so. At the same time, the LLB Group is introducing measures to reduce the emissions of its own banking operations to net zero by 2040. The judging panel cites these milestones as justification for LLB winning the 2022 award for Best Private Bank Liechtenstein.