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Information unaudited Information ungeprüftConsolidated statement of cash flows

in CHF thousands

Note

First half 2026

First half 2025

Cash flow from / (used in) operating activities

Interest received

169’018

191’930

Interest paid

– 97’178

– 133’676

Fees and commission received

215’384

194’211

Fees and commission paid

– 67’990

– 62’447

Trading income

105’796

108’992

Dividends received from financial investments

4

6’589

6’134

Other income

11’070

1’604

Payments for personnel, general and administrative expenses

– 185’057

– 181’201

Income tax paid

– 10’601

– 9’212

Cash flow from operating activities, before changes in operating assets and liabilities

147’032

116’334

Due from / to banks

– 384’323

– 949’780

Loans / due to customers

– 152’906

241’134

Other assets

40’865

– 40’551

Other liabilities

32’689

– 458

Changes in operating assets and liabilities

– 463’675

– 749’655

Net cash flow from / (used in) operating activities

– 316’643

– 633’321

Cash flow from / (used in) investing activities

Purchase of property and equipment

– 2’567

– 6’465

Purchase of other intangible assets

– 4’094

– 9’399

Purchase of financial investments

– 268’811

– 207’177

Disposal of financial investments

262’512

381’811

Sale of non-current assets held for sale

3’113

2’836

Acquisition of fully consolidated companies minus cash and cash equivalents

0

238’936

Net cash flow from / (used in) investing activities

– 9’847

400’541

Cash flow from / (used in) financing activities

Purchase of treasury shares

0

– 7’737

Dividends paid

– 85’231

– 85’207

Dividends paid to non-controlling interests

– 131

– 199

Increase in non-controlling interests

0

15

Repayment of lease liabilities

– 3’645

– 3’326

Issuance of debt

600’134

385’610

Repayment of debt

– 342’810

– 92’429

Net cash flow from / (used in) financing activities

168’318

196’726

Effects of foreign currency translation on cash and cash equivalents

– 15’126

– 19’096

Net increase / (decrease) in cash and cash equivalents

– 173’298

– 55’149

Cash and cash equivalents at beginning of the period

6’112’554

6’513’712

Cash and cash equivalents at end of the period

5’939’256

6’458’562

Cash and cash equivalents comprise:

Cash and balances with central banks

5’438’396

6’051’979

Due from banks (due daily)

500’861

406’583

Total cash and cash equivalents

5’939’256

6’458’562