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LLB Annual Report 2025 de

Information unaudited Information ungeprüftCorporate 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 on the areas of finance, risk and credit management, legal and compliance, trading and securities administration, payment services, human resources, communication, marketing, asset management, corporate development, logistics and IT services. In addition, the Corporate Center steers, coordinates and monitors groupwide business activities, processes and risks. It drives the Group’s corporate development and digital transformation, as well as enhancing the efficiency and quality of the services the Group delivers.

Business segment result

The LLB Group reports the structural contribution from interest business, the value of interest rate hedging instruments and income from financial investments under the Corporate Center. Operating income rose substantially year on year to CHF 52.0 million (2024: CHF 4.9 million). This development was largely attributable to the improvement of the structural contribution from interest business as well as higher earnings in trading business due to treasury measures.

Operating expenses amounted to CHF 126.3 million (2024: CHF 94.5 million), 33.6 per cent up on the previous year. The increase was mainly caused by the first time consideration of the former ZKB Österreich.

Segment reporting

in CHF thousands

2025

2024

+/- %

Net interest income

– 113’864

– 143’767

– 20.8

Expected credit losses

– 22

– 15

45.5

Net interest income after expected credit losses

– 113’885

– 143’782

– 20.8

Net fee and commission income

– 14’188

– 15’945

– 11.0

Net trading income

172’984

161’491

7.1

Net income from financial investments

8’261

6’231

32.6

Other income

– 1’186

– 3’136

– 62.2

Total operating income

51’986

4’860

969.7

Personnel expenses

– 139’349

– 127’612

9.2

General and administrative expenses

– 100’315

– 85’450

17.4

Depreciation

– 39’746

– 35’926

10.6

Services (from) / to segments

153’076

154’457

– 0.9

Total operating expenses

– 126’335

– 94’532

33.6

Segment profit before tax

– 74’349

– 89’672

– 17.1

Additional information

31.12.2025

31.12.2024

+/- %

Employees (full-time equivalents, in positions)

705

690

2.2