Current developments

We strategically expanded our presence and capabilities during the reporting year.

• In Zurich, LLB (Schweiz) AG moved into its new location on Bahnhofstrasse in December 2025, further enhancing its proximity to clients in the financial centre.
• In Austria, we completed the acquisition of ZKB Österreich as planned in January 2025 and merged the bank with LLB (Österreich) AG mid-year. The former ZKB Österreich contributes to strengthening our broadly diversified business. The successful takeover marks a milestone and reinforces our position as the leading asset management bank in Austria.
• In Germany, we continue to serve clients locally at our offices in Munich, Frankfurt, and Düsseldorf – with a clear focus on growth in private banking. With our Wealth Solutions unit, which operates throughout Germany, we have also expanded our range of services in a targeted manner. It lays the foundation for comprehensive and forward-looking advice and thus for future-oriented asset protection.

Growth potential

Growth is a central pillar of our ACT-26 strategy. Alongside targeted expansion, we are placing a strong emphasis on efficiency.

Our priorities in the final year of the strategy are:

• further strengthening private banking in our home markets of Liechtenstein and Austria;
• driving growth in private banking in Germany and Switzerland;
• intensifying corporate client business in Liechtenstein and Switzerland;
• expanding our digital services for clients.

With the German branch, the new Zurich location, and the integration of ZKB Österreich, we have established scalable growth platforms for the years ahead. Thanks to broad diversification, our solid capital base, and our consistent implementation of ACT-26, the LLB Group is very well positioned to continue growing successfully.