Our Focus2015 strategy has a clear objective: at a time when the banking sector is undergoing profound changes, we are creating a solid basis for sustained success beyond 2015. At the two-thirds point in our strategic repositioning, we are well on the way to reaching our goals and can report solid 2014 business results. Profits increased by
+ 35 %
to CHF 72.6 million despite high interest rate hedging costs. Our focus is on the onshore markets Liechtenstein, Switzerland and Austria, the traditional cross-border markets Germany and Western Europe as well as the growth markets Central Europe, Eastern Europe and the Middle East. The LLB Group’s business volume rose to
CHF 60.9 bn.
The LLB share also continued to gain ground. At the end of 2014, it closed at CHF 40.–. Its overall performance clearly exceeded the European banking sector. Moreover, it is part of our identity to have a sufficiently high-quality capital base at our disposal. At the end of December 2014, the Tier 1 ratio stood at 18.3 percent. With an equity capital of
CHF 1.8 bn.
the LLB Group stands for financial stability and security. At the same time, we are systematically investing in innovations. Since July 2014 we have been setting ourselves apart from the rest of the market with a retrocession-free and innovative pricing model. A pioneering pricing model paired with multi-award-winning investment competence gives the LLB Group, as an investment and asset management bank, a strong competitive edge. Various equity funds rank among the best. We received
among others, in the last year alone: our performance was honoured by the “24th Lipper Fund Awards” in Switzerland, the Austrian journal for financial professionals “GELD” and the “14th FONDS professionell KONGRESS” in Mannheim.
Our three market divisions Retail & Corporate Banking, Private Banking and Institutional Clients listen closely to their clients and markets. At the end of 2015, our clients will profit from an innovative type of investment counselling and a totally new banking experience. Furthermore, we will also set a milestone with our IT platform thanks to the additional automation of investor protection and compliance requirements. We contribute to determining market developments and clearly differentiate our-selves from our competitors by focusing on our clients’ needs and by being proactive.