Corporate Center
Information checkedInformation unaudited Information geprüft Information ungeprüft Corporate Center
The Corporate Center bundles central functions within the LLB Group and supports the market-oriented divisions in conducting their activities and implementing their strategies. The focus lies in the areas of communication, marketing, human resources, finance, risk and credit management, IT, trading, securities administration and payment services, as well as corporate development and legal and compliance services. In addition, it steers, coordinates and monitors groupwide business activities, processes and risks. It conducts the Groupʼs corporate development and its digital transformation, as well as enhancing the efficiency and quality of the services the LLB Group delivers.
Business segment result
Under the Corporate Center, the LLB Group reports the structural contribution from interest business, the valuation of interest rate hedging instruments and income from financial investments. Operating income rose by CHF 0.9 million to CHF 31.2 million in comparison with the previous year. On the one hand, the structural contribution from interest business and income from financial investments decreased, while on the other, trading income increased as a result of treasury measures. Operating expenses rose on account of targeted investments in line with the new ACT-26 strategy by 6.1 per cent to CHF 38.8 million.
Segment reporting
|
in CHF thousands |
First half 2022 |
First half 2021 1 |
+ / – % |
|
Net interest income |
2'704 |
14'828 |
– 81.8 |
|
Expected credit losses |
– 18 |
– 71 |
– 74.3 |
|
Net interest income after expected credit losses |
2'685 |
14'757 |
– 81.8 |
|
Net fee and commission income |
– 7'425 |
– 10'742 |
– 30.9 |
|
Net trading income |
30'751 |
19'197 |
60.2 |
|
Net income from financial investments |
– 814 |
5'029 |
|
|
Other income |
5'979 |
2'008 |
197.7 |
|
Total operating income |
31'176 |
30'250 |
3.1 |
|
Personnel expenses |
– 52'121 |
– 49'807 |
4.6 |
|
General and administrative expenses |
– 35'024 |
– 33'097 |
5.8 |
|
Depreciation |
– 17'919 |
– 18'861 |
– 5.0 |
|
Services (from) / to segments |
66'234 |
65'153 |
1.7 |
|
Total operating expenses |
– 38'829 |
– 36'612 |
6.1 |
|
Segment profit before tax |
– 7'653 |
– 6'362 |
20.3 |
1 The figures for the first half of 2021 were carried over and adapted to the new segment structure.
Additional information
|
|
30.06.2022 |
31.12.2021 1 |
+ / – % |
|
Employees (full-time equivalents, in positions) |
583 |
569 |
2.3 |
1 The figures for the first half of 2021 were carried over and adapted to the new segment structure.