Media communiqués

LLB Österreich increased its business volume to a record high of more than EUR 25 billion (+28 %) in 2019 taking a strong position in the current market environment

Vienna, 15 July 2020. Liechtensteinische Landesbank (Österreich) AG (LLB Österreich) looks back at an outstanding financial year 2019. At EUR 25.3 billion, the bank, which had been created in 2018 by former LLB Österreich merging with Semper Constantia Privatbank AG, recorded a record business volume (client assets and loans) in its first full post-merger financial year, 2019. This equals an increase of +27.6 % compared to the previous year. The operating income and the operating profit also grew by about 7 % each to EUR 67.3 million and EUR 15.2 million, respectively. Finally, the net income for the year 2019 amounted to EUR 12 million.

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LLB (Österreich) AG completes migration to the LLB Group core banking system

Medienmitteilung Vaduz / Vienna, 7 January 2020. The LLB Group has taken another stride forward in implementing its StepUp2020 strategy, which targets sustained profitable growth. Its Vienna-based subsidiary bank, Liechtensteinische Landesbank (Österreich) AG, completed the move to the Avaloq core banking software at the beginning of 2020. This will create further synergies and offers potential for expansion when it comes to joint solutions and client packages within the LLB Group.

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LLB Group has best range of funds – recognised as number one in Europe

Vaduz, 15 April 2019. The LLB Group has received the Refinitiv Lipper Group Award for the best fund range in Europe, winning in the top discipline "across all major asset classes".  In 2019 it has won a total of twelve Lipper Awards in Switzerland, Austria, Germany, and at the European level. This means that several times already, the LLB Group's Asset Management has been awarded the highest possible recognition in the fund industry across multiple countries. The Lipper Awards honour consistently strong risk-adjusted performance by the best of the best.

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Dr. Robert Löw appointed new CEO of LLB Österreich

Vaduz / Vienna, 26 March 2019. Dr. Robert Löw will be the new CEO of the Liechtensteinische Landesbank (Österreich) AG starting 14 May 2019. Harald Friedrich will become Deputy CEO and Board Member for Markets, Institutional Business. Dr. Bernhard Ramsauer will move to the Board of Directors after the General Meeting.

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Award for LLB Group’s equity and bond investment expertise

Vienna / Vaduz, 12 March 2019. LLB Group demonstrates long-standing equity and bond investment expertise in Austria by winning not just one, but several of the renowned Refinitiv Lipper Fund Awards 2019 in Vienna on 11 March 2019. The funds LLB Aktien Dividendenperlen Global (CHF) and LLB Strategie Festverzinslich (CHF) are rated top-in-class.

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