Assuming risk goes hand in hand with the business of banking. A conscious and prudent approach to dealing with risk is of paramount importance to the LLB Group. Finance and risk management is based on a sustainable approach.
We are convinced that sustainable, profitable growth is only possible with a prudent risk culture. Consciously accepting and profitably managing risks is one of the LLB Group’s core competences. We attach great importance to a prudent approach to dealing with risk at all levels of the organisation.
To avoid conflicts of interest, we have established effective and organisationally independent controlling bodies and processes. We address the issue of risk in a constructive and solution-oriented dialogue and manage it appropriately.
It is essential for the protection of the reputation, the maintenance of the excellent financial strength and the securing of the sustainable profitability of the LLB Group that risks are dealt with prudently (see chapter “Risk management”). The LLB Group applies an appropriate organisational and methodological framework for assessing and managing risk.
For equity capital and liquidity, which are important reference figures for a bank, we use the internal capital adequacy assessment process (ICAAP) and the internal liquidity adequacy assessment process (ILAAP).