11 Important changes since the balance sheet date

As of 9 January 2024, LLB has acquired 100 per cent of the share capital of ZKB Österreich AG. The acquisition incorporates total assets under management of around EUR 3.4 billion (around CHF 3.2 billion). The new Group company is trading under the name LLB Bank AG. Subject to approval by the Austrian Financial Market Authority, the plan is for LLB Bank AG to merge with Liechtensteinische Landesbank (Österreich) AG by the middle of 2025.

The Board of Directors at Liechtensteinische Landesbank (LLB) has appointed Michael Hartmann as a new member of the Group Executive Board. Hartmann will become Head of the Retail & Corporate Banking Division on 1 July 2025, taking over from Urs Müller, who will be retiring at the end of March 2025 after 14 years on the Group Executive Board.

At the General Meeting of Shareholders on 16 April 2025, Leila Frick-Marxer and Karl Sevelda will finish their three-year term of office as members of the Board of Directors. The Board of Directors will propose their re-election.