The LLB Group business divisions

The LLB Group business divisions: according to target markets, clients and trends

(XLS:)

 

 

Domestic Market

 

International Market

 

Institutional Market

Income

 

CHF 153.1 million

 

CHF 119.2 million

 

CHF 96.8 million

Share of operating income

 

41.5 %

 

32.3 %

 

26.2 %

Profit before tax

 

CHF 43.6 million

 

CHF 0.4 million

 

CHF 0.3 million

Assets under management

 

CHF 13.8 billion

 

CHF 13.5 billion

 

CHF 18.1 billion

Employees as at 31 December 2011 (full-time equivalents)

 

418

 

296

 

79

Clients


Private individuals
Small and medium-sized companies

Private individuals







Intermediaries
Fund promoters
Independent asset managers
Legal entities subject to public law
Corporate pension schemes

Origin of clients


Liechtenstein
Switzerland



Core markets: Austria, Italy, Germany
Growth markets: Russia, Eastern Europe, Near and Middle East



Liechtenstein
Switzerland
International

Service offer







Retail banking: e.g. savings and mortgage lending business, payment services
Corporate clients
Private banking
Private financial planning






Private banking: e.g. investment counselling, asset management and structuring, private financial planning
Lombard loans






Fund and asset management
Private labelling services
Brokerage and custody services
Lombard loans

Distribution






Liechtenstein: 5 branch offices, 20 ATMs (joint operation of LLB ATMs and Post ATMs from 2012), online banking
Switzerland: 25 branch offices, 30 ATMs, online banking





3 booking centres (Vaduz, Zurich, Vienna)
4 further national and international locations
Network of intermediaries in growth markets

Distribution via Vaduz and Zurich

Market drivers






General economic growth
Construction activity
Low interest rates
Increasing use of online banking services
Private pension provisioning (third-pillar)












Strong growth of high net worth individuals' assets in Eastern Europe as well as in the Near and Middle East
Growing need for simple and tailor-made investment possibilities, transparent investment solutions and asset protection measures
Stability of the Swiss franc











Growing need for tailor-made investment possibilities and transparent investment solutions
Search for alternatives for structured investment pools
Attractiveness of the Liechtenstein fund centre
Stock market performance

Market shares







Market leader in the Liechtenstein savings and mortgage lending business as well as private pension provisioning
Largest regional bank in eastern Switzerland

Niche provider in international private banking



Largest fund vendor in Liechtenstein*
Second largest asset manager in Liechtenstein**

*According to custodian bank mandates.
** According to assets under management.

Most important competitors




Liechtenstein: VP Bank, LGT, Centrum Bank, Neue Bank
Switzerland: St. Galler Kantonalbank, Graubündner Kantonalbank, UBS, Credit Suisse, Raiffeisen banks, regional banks

Various internationally active major and private banks



LGT, VP Bank, Centrum Bank, Neue Bank
Various internationally active major and private banks

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