In 2011, the LLB Group completed its largest investment project to date. On 1 January, the Avaloq banking software system was put into operation at the Group's headquarters in Vaduz and at LLB Switzerland in Zurich. Bank Linth had already installed the latest software version in November 2010. The construction of a new building for the bank branch in Eschen was the main priority concerning real estate investments in 2011. The branch building is scheduled for completion in the fourth quarter of 2012. It is designed according to «Minergie» standards and the accompanying processing centre also complies with the highest environmental criteria. At the same time, we are reviewing and optimising the utilisation concepts for our bank premises. In 2012, we aim to renew our membership of the SIX Swiss Exchange. From the middle of 2012, the LLB Group will bring together its payment services, trading and securities administration functions in Shared Service Centers at its headquarters in Vaduz. The setting up and operation of these units means that the Corporate Center will become even more important as a central service provider.