Cookies on the LLB Website

Cookies help us with technically operating our websites and to customise the website to your needs and improve it. We kindly ask you to permit the use of analytics cookies besides the use of necessary technical cookies. Read More

Accept all Accept only necessary Cookie Settings

Retail & Corporate Banking

Information checkedInformation unaudited Information geprüft Information ungeprüft Retail & Corporate Banking 

The Retail & Corporate Banking segment encompasses the universal banking business in the domestic markets of Liechtenstein and Switzerland and offers the entire spectrum of banking and financial services. Traditionally, savings and mortgage lending business have always played a very important role. This is supplemented by financial planning, corporate pension provisioning, as well as specific investment advice and asset management for clients having available assets of up to CHF 0.5 million. It also takes care of locally oriented private banking clients in the German-speaking region (Liechtenstein / Switzerland / Germany).

The Retail & Corporate Banking combines modern bank branches with mobile and web-based services. It has three LLB branches in Liechtenstein, as well as 17 Bank Linth branches in the Swiss regions of Linthgebiet, Zurichsee, Sarganserland, Ausserschwyz, Winterthur and Thurgau.

Business segment result

Interest income grew by over 6 per cent compared with the previous year. The increase was attributable to the continuing growth of mortgage lending business and higher USD interest rates. In contrast, larger risk provisions were allocated in the first half of 2022. Lower volumes of client assets had a negative impact on fee and commission income. However, increased trading activity meant that trading income climbed by 23.7 per cent to CHF 10.2 million. Operating expenses were down slightly by 1.2 per cent, resulting in a segment profit before tax of CHF 45.1 million.

Market turbulence led to a contraction of the business volume by 1.1 per cent to CHF 32.3 billion. In contrast, positive net new money inflows of CHF 716 million and growth in lending business of CHF 386 million were registered.

Segment reporting

in CHF thousands

First half 2022

First half 2021 1

+ / – %

Net interest income

54'126

50'914

6.3

Expected credit losses

– 3'373

897

 

Net interest income after expected credit losses

50'753

51'812

– 2.0

Net fee and commission income

44'039

47'118

– 6.5

Net trading income

10'229

8'271

23.7

Other income

825

1'061

– 22.3

Total operating income

105'846

108'262

– 2.2

Personnel expenses

– 21'926

– 21'693

1.1

General and administrative expenses

– 2'409

– 2'024

19.0

Depreciation

– 17

– 23

– 24.3

Services (from) / to segments

– 36'364

– 37'724

– 3.6

Total operating expenses

– 60'716

– 61'464

– 1.2

Segment profit before tax

45'130

46'798

– 3.6

1 The figures for the first half of 2021 were carried over and adapted to the new segment structure.

Performance figures

 

First half 2022

First half 2021 1

Gross margin (in basis points) 2

66.8

68.3

Cost Income Ratio (in per cent) 2

55.6

57.2

Net new money (in CHF millions) 2

716

284

Growth of net new money (in per cent) 2

3.6

1.5

1 The figures for the first half of 2021 were carried over and adapted to the new segment structure.

2 Definition available under www.llb.li/investors-apm

Additional information

 

30.06.2022

31.12.2021 1

+ / – %

Business volume (in CHF millions) 2

32'253

32'620

– 1.1

Assets under management (in CHF millions) 2

19'133

19'887

– 3.8

Loans (in CHF millions)

13'119

12'733

3.0

Employees (full-time equivalents, in positions)

247

251

– 1.6

1 The figures for the first half of 2021 were carried over and adapted to the new segment structure.

2 Definition available under www.llb.li/investors-apm