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 |