Information unaudited Information ungeprüftRetail & Corporate Banking
The Retail & Corporate Banking segment encompasses the universal banking business in the domestic markets of Liechtenstein and Switzerland and offers the complete 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 and corporate pension provisioning. In addition, asset management and investment advisory services are of crucial importance for private banking clients in the German-speaking region (Liechtenstein / Switzerland / Germany).
In retail and corporate banking business modern bank branches are combined with mobile and web-based services. LLB has three branches in Liechtenstein, as well as the business locations of LLB Schweiz in the Swiss regions of Linthgebiet, Lake Zurich, Sarganserland, Ausserschwyz, Winterthur, Thurgau, Zurich and St. Gallen. Since January 2024, it has also operated a bank branch in Germany with three business locations in Munich, Frankfurt and Düsseldorf.
Business segment result
The segment profit before tax fell by 6.7 per cent to CHF 157.8 million. Net interest income, which comprises the largest proportion of earnings in the Retail and Corporate Banking Division, decreased by 9.7 per cent as a result of lower interest rates. Provisions for credit losses were reduced by net CHF 0.6 million (2024: CHF 9.3 million net release). Fee and commission income developed very successfully, rising by 13.7 per cent to CHF 106.5 million (2024: CHF 93.6 million). This growth was driven by higher volumes, intensified client trading activity and the improved market penetration of LLB Invest with investment advisory and asset management clients. In addition, trading income also benefitted from intensified client activity, rising by 28.8 per cent to CHF 24.8 million (2024: CHF 19.2 million). In total, operating income was down by 3.1 per cent to CHF 307.3 million. The gross margin declined to 80 basis points. Operating expenses climbed by 1.0 per cent, largely due to increased personnel costs. In comparison with the previous year, these were influenced by the one-time alleviating effect of lower pension costs in the previous year.
The segment registered a positive net new money inflow of CHF 1ʼ133 million. The substantial inflows achieved by the private banking units in Germany, Liechtenstein and Switzerland made a particular contribution to this result. Following the specific measures to improve the rentability of the lending book in the first half year of 2025, the focus shifted to attaining sustainable growth in lending business during the second half year. In total, loans to clients rose by CHF 303 million or 2.0 per cent.
The business volume expanded by 6.8 per cent to CHF 40.1 billion (31.12.2024: CHF 37.5 billion).
Business segment result: Retail & Corporate Banking
(in CHF millions)
Segment reporting
in CHF thousands | 2025 | 2024 | +/- % |
Net interest income | 173’230 | 191’901 | – 9.7 |
Expected credit losses | 606 | 9’258 | – 93.5 |
Net interest income after expected credit losses | 173’836 | 201’159 | – 13.6 |
Net fee and commission income | 106’454 | 93’619 | 13.7 |
Net trading income | 24’762 | 19’219 | 28.8 |
Other income | 2’219 | 3’108 | – 28.6 |
Total operating income | 307’271 | 317’106 | – 3.1 |
Personnel expenses | – 59’516 | – 56’501 | 5.3 |
General and administrative expenses | – 6’346 | – 6’342 | 0.1 |
Depreciation | – 63 | – 63 | 1.3 |
Services (from) / to segments | – 83’575 | – 85’134 | – 1.8 |
Total operating expenses | – 149’501 | – 148’040 | 1.0 |
Segment profit before tax | 157’770 | 169’066 | – 6.7 |
Performance figures
2025 | 2024 | |
Gross margin (in basis points) 1 | 79.6 | 85.7 |
Cost Income Ratio (in per cent) 1 | 48.8 | 48.1 |
Net new money (in CHF millions) 1 | 1’133 | 984 |
Growth of net new money (in per cent) 1 | 5.1 | 4.7 |
1Definition available under llb.li/investors-apm
Additional information
31.12.2025 | 31.12.2024 | +/- % | |
Business volume (in CHF millions) 1 | 40’092 | 37’534 | 6.8 |
Assets under management (in CHF millions) 1 | 24’258 | 22’004 | 10.2 |
Loans (in CHF millions) | 15’833 | 15’530 | 2.0 |
Employees (full-time equivalents, in positions) | 289 | 321 | – 10.0 |
1Definition available under llb.li/investors-apm