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. In comparison with the previous year, operating income rose to CHF 27.9 million (first half of 2024: CHF –5.6 million), this was primarily due to an improvement in the structural contribution of interest differential business as well as higher income from trading business as a result of treasury measures.
Operating expenses amounted to CHF 61.2 million (first half of 2024: CHF 44.0 million) and therefore were 38.9 per cent over the previous year’s value. The increase was largely attributable to the first-time consideration of the former ZKB Österreich.
Segment reporting
in CHF thousands | First half 2025 | First half 2024 | +/- % |
Net interest income | – 57’835 | – 73’722 | – 21.6 |
Expected credit losses | 63 | – 1 | |
Net interest income after expected credit losses | – 57’772 | – 73’724 | – 21.6 |
Net fee and commission income | – 8’741 | – 12’544 | – 30.3 |
Net trading income | 86’291 | 72’490 | 19.0 |
Net income from financial investments | 7’198 | 6’923 | 4.0 |
Other income | 907 | 1’269 | – 28.5 |
Total operating income | 27’883 | – 5’586 | |
Personnel expenses | – 70’779 | – 62’446 | 13.3 |
General and administrative expenses | – 47’531 | – 40’258 | 18.1 |
Depreciation | – 19’129 | – 17’246 | 10.9 |
Services (from) / to segments | 76’279 | 75’906 | 0.5 |
Total operating expenses | – 61’160 | – 44’044 | 38.9 |
Segment profit before tax | – 33’277 | – 49’630 | – 32.9 |
Additional information
30.06.2025 | 31.12.2024 | +/- % | |
Employees (full-time equivalents, in positions) | 735 | 690 | 6.6 |