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 and marketing, corporate development, logistics as well as 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 contracted to CHF 20.7 million (first half of 2025: CHF 27.7 million). The reduction was largely attributable to lower earnings from trading business as a result of the smaller differences in interest rates between the key currencies and the Swiss franc.
Operating expenses decreased to CHF 50.4 million (first half of 2025: CHF 58.9 million) and were therefore 14.4 per cent lower than in the previous year. The fall in operating expenses was mainly due to lower personnel costs and general administration expenses. Personnel costs were lower largely on account of the lower average headcount in comparison with the equivalent period in the previous year. Accordingly, the segment result before taxes improved to CHF -29.8 million (first half of 2025: CHF -31.2 million).
Segment reporting
in CHF thousands | First half 2026 | First half 2025 1 | +/- % |
Net interest income | – 56’247 | – 57’835 | – 2.7 |
Expected credit losses | 74 | 63 | 17.5 |
Net interest income after expected credit losses | – 56’173 | – 57’772 | – 2.8 |
Net fee and commission income | – 12’884 | – 8’882 | 45.1 |
Net trading income | 82’031 | 86’291 | – 4.9 |
Net income from financial investments | 8’027 | 7’198 | 11.5 |
Other income | – 350 | 907 | |
Total operating income | 20’651 | 27’742 | – 25.6 |
Personnel expenses | – 59’041 | – 65’310 | – 9.6 |
General and administrative expenses | – 41’719 | – 46’288 | – 9.9 |
Depreciation | – 21’479 | – 19’118 | 12.3 |
Services (from) / to segments | 71’800 | 71’819 | – 0.0 |
Total operating expenses | – 50’439 | – 58’897 | – 14.4 |
Segment profit before tax | – 29’789 | – 31’155 | – 4.4 |
1The Asset Management Business Area has been integrated in the International Wealth Management Division since 1 January 2026 (formerly in the Corporate Center). The figures for the comparative period have been restated to reflect the adjusted segment structure.
Additional information
30.06.2026 | 31.12.2025 1 | +/- % | |
Employees (full-time equivalents, in positions) | 646 | 655 | – 1.4 |
1The Asset Management Business Area has been integrated in the International Wealth Management Division since 1 January 2026 (formerly in the Corporate Center). The figure for the comparative period has been restated to reflect the adjusted segment structure.