Information unaudited Information ungeprüftStrategy and organisation

Self-conception

LLB has a long tradition as the oldest bank in Liechtenstein. For over 160 years, the bank has stood for stability and security. Our vision is to be one of the most trustworthy banks in the world. With our value-based banking, we strive to create a sustainable future and nurture a partner-like relationship with our clients, investors and employees.

ACT-26 strategy

Our ACT-26 strategy drives the continual development of the LLB Group. The strategy stands for taking action, for acceleration and transformation (ACcelerate and Transform).

Core elements

Three elements form the core of our strategy:

• Growth: Over the five-year strategy period, we shall strive to significantly increase our business volume through a combination of accelerated organic growth and targeted acquisitions. Stability and security continue to be of primary importance along with our investment expertise and investment performance for private and institutional clients. At the same time, we shall strengthen our position in retail and corporate banking business (see chapter Markets and clients).
• Efficiency: We combine personal advisory services with digital services. Agile methods and automated processes enhance the high quality of our advisory services and enable flexibility, as well as making the bank more scalable (see chapter Digitalisation and infrastructure).
• Sustainability: We shall reduce greenhouse gas emissions to net zero ten years earlier than most of our competitors. In addition, we want to expand our range of ecologically and socially responsible products (see Sustainability statement).

Ambitious growth and financial goals

In implementing our strategy, we are pursuing ambitious and measurable goals:

• Growth: Growth in net new money and net new loans should be at least three per cent annually.
• Efficiency: In 2026, the Cost Income Ratio should not exceed 65 per cent.
• Sustainability: The greenhouse gas emissions of the LLB Group should be reduced to net zero by no later than 2040.

In addition to this, we are targeting a Tier 1 ratio of over 16 per cent.

Strategic investments

In order to continue growing sustainably, in 2025, we further expanded our business presence in our focus markets.

• Switzerland: new business location on the Bahnhofstrasse in Zurich;
• Germany: further expansion of our branch with business locations in Munich, Frankfurt and Düsseldorf;
• Austria: takeover and integration of ZKB (Österreich) AG.

This enables us to further improve our services for clients and exploit the growth potential of these markets directly on the spot. In total, we are investing over CHF 250 million within the scope of ACT-26. Of this amount, CHF 100 million is earmarked for digital transformation. Further funds will go to building infrastructure, hard and software, as well as strategic projects.

Attractive dividend policy

The LLB Group pursues an attractive and sustainable dividend policy. Our goal is to distribute over 50 per cent of Group net profit to our shareholders. Furthermore, we intend to continually increase the dividend.

*Proposal of the Board of Directors to the General Meeting on 17 April 2026

Structure and organisation of the LLB Group

Our organisation ensures that our clients and the further technological development of banking business are always at the centre of our activities. It encompasses:

• Two market divisions: Retail & Corporate Banking and International Wealth Management;
• Three central management functions: Group Chief Executive Officer (Group CEO), Chief Digital & Operating Officer (Group CDO) and Group Financial Officer (Group CFO).

*At the end of November 2025, the Board of Directors appointed Markus Schifferle as a member of the Group Executive Board and Group CFO subject to the approval of the FMA Liechtenstein. This body granted its approval on 12 January 2026.

Dual positioning

We pursue an holistic strategy: Regionally, we are active as a responsible universal bank with very strong local ties; internationally, we operate as a secure and sustainable private bank.

Our two profitable market divisions stand out for their close ties to clients and the high quality of their advisory services:

• The Retail & Corporate Banking Division services local private banking clients in Liechtenstein, Switzerland and Germany as well as corporate and private clients in Liechtenstein and Switzerland (see chapter Retail & Corporate Banking);
• The International Wealth Management Division focuses on Austrian and international private banking clients, as well as institutional and investment fund clients (see chapter International Wealth Management).

Group structure

We are represented in Liechtenstein, Switzerland and Austria by a bank in each country:

• Liechtensteinische Landesbank AG
• LLB Österreich AG
• LLB (Schweiz) AG

In addition, the LLB Group has two competence centres specialising in asset management and fund services (see chapter Markets and clients).

Corporate culture and brand

In addition to our strategy and structure, our corporate culture is one of the key factors in the success of the LLB Group. For us, banking means combining material values with a system of responsible social principles. To ensure this culture remains vibrant and responsive, we make sure it is firmly established in the minds of employees and managers (see Corporate governance and integrity).

All the companies of our Group have operated under the collective LLB brand since September 2023. Our modern, international logo is targeted at a young audience and boosts our growth objectives. Our corporate identity is based on our values: integrity, respectful, excellence and passionate. These characterise the way we deal with each other and the quality of our services.