Three banks – Three home markets
The LLB Group is a universal bank with a strong private banking and institutional business. It is represented by a bank each in its home markets of Liechtenstein, Switzerland, and Austria.
The Liechtensteinische Landesbank AG (LLB), founded in 1861 and headquartered in Vaduz, is the market leader in Liechtenstein for private and corporate clients. It makes a significant contribution to the sustainable development of the prospering country. Liechtenstein is one of only 11 countries worldwide with a AAA rating. As a strong partner with 57.5% of the share capital, the Principality of Liechtenstein is the main shareholder of the LLB. The LLB has been listed on the SIX Swiss Exchange since 1993 (symbol: LLBN). With a Moody's rating of Aa2, it is well above the average for European financial institutions.
The subsidiary Bank Linth LLB AG (BLL), founded in 1848 and headquartered in Uznach, is the largest universal bank in Eastern Switzerland and has a presence in five Swiss regions. Bank Linth is listed on the SIX Swiss Exchange (symbol: LINN). Since 2007, 74.2% of its shares have been held by its majority shareholder, the Liechtensteinische Landesbank AG.
Liechtensteinische Landesbank Österreich
The LLB Group has been active in Austria since 2009. The Liechtensteinische Landesbank (Österreich) AG in Vienna, an independent bank under Austrian law, has established itself as a partner for private banking clients from Austria as well as Central and Eastern Europe.
At the beginning of July 2018, the LLB Group acquired 100% of Semper Constantia Privatbank AG in Vienna. Semper Constantia and LLB Österreich merged to form the Liechtensteinische Landesbank (Österreich) AG on 28 September 2018. The LLB Group thus established Austria as its third strong home market. It positions itself as the leading asset management bank in Austria.
Two competence centres
The LLB Group has two competence centres: Asset Management and Fund Services. The investment competence of our Asset Management has won numerous international awards. With Fund Services, we are an important provider of individual private label fund solutions and the market leader as a custodian bank for third-party funds in Liechtenstein.
The acquisition of the fund service provider LB(Swiss) Investment, which has been operating as LLB Swiss Investment AG since May 2018, gave the LLB Group access to the Swiss fund market. The merger to form the Liechtensteinische Landesbank Österreich makes us a leading provider of investment funds and real estate investment funds in the Austrian fund market.
As the fund powerhouse of the Liechtenstein/Austria/Switzerland region, the LLB Group serves the fund business from its three locations in Vaduz, Vienna, and Zurich.
Two market divisions
The organisational structure of the LLB Group consists of two market divisions:
Retail & Corporate Banking
The Retail & Corporate Clients Division encompasses the universal banking business in the home markets of Liechtenstein and Switzerland. It offers the entire range of banking and financial services. The savings and mortgage business has traditionally been very important. In addition, there is private financial planning, corporate pension provisioning and target-group-specific investment advice and asset management for clients with assets of up to CHF 0.5 million. The division also serves locally oriented private banking clients in German-speaking countries (FL / CH / D).
International Wealth Management
The International Wealth Management Division focuses on private banking clients as well as institutional and fund clients. In private banking, the focus is on the markets of Austria and the rest of Western Europe, the growth markets of Central and Eastern Europe and the Middle East. Here it offers investment advice, asset management, asset structuring, financing as well as financial and pension planning. In the areas of fund business and institutional clients, its clients include trustees, asset managers, fund promoters as well as insurance companies, pension funds and public institutions. The focus here is on the Liechtenstein, Swiss and Austrian markets.