Liechtensteinische Landesbank AG

LLBN

Equity

ISIN LI0355147575 / Valor 35514757

SIX Swiss Exchange (2024-12-23)

CHF 70.00+0.29%

Liechtensteinische Landesbank AG
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About company

Liechtensteinische Landesbank AG, also known as LLB Group, is a leading financial institution that has established itself as a fund powerhouse in the Liechtenstein-Switzerland-Austria region. Through strategic acquisitions and mergers, such as LB(Swiss) Investment in Zurich and Semper Constantia Privatbank in Vienna, the LLB Group has expanded its presence in Austria, making it the third strong domestic market alongside Liechtenstein and Switzerland. With a focus on onshore and cross-border markets, as well as growth markets in Central and Eastern Europe and the Middle East, the LLB Group has positioned itself for sustainable profitable growth through its strategic initiatives such as Focus2015 and StepUp2020. The company's recent ACT-26 strategy aims to continue this growth trajectory by focusing on core themes of growth, efficiency, and sustainability.

Summarized from source with an LLMView SourceSector: Finance

Operating Income

In the fourth quarter of 2023, Liechtensteinische Landesbank AG reported an operating income of CHF 541.8 million, marking a 7.7% increase compared to CHF 503.2 million in the same quarter of the previous year.

Group Net Profit

Liechtensteinische Landesbank AG achieved a group net profit of CHF 164.7 million in Q4 2023, which represents a 10.2% rise from CHF 149.4 million in Q4 2022.

Net New Loans

During the fourth quarter of 2023, Liechtensteinische Landesbank AG saw a significant increase in net new loans, amounting to CHF 954 million, up by 25.1% from CHF 762 million in Q4 2022.

Client Assets Under Management

As of December 31, 2023, Liechtensteinische Landesbank AG reported client assets under management of CHF 86.9 billion, reflecting a 3.6% increase from CHF 83.9 billion at the end of 2022.

Dividend Proposal

For the upcoming General Meeting of Shareholders on April 19, 2024, the Board of Directors of Liechtensteinische Landesbank AG will propose an 8% increase in the dividend, raising it from CHF 2.50 to CHF 2.70 per share.

Summarized from source with an LLMView Source

Key figures

7.03%1Y

35.9%3Y

11.1%5Y

Performance

15.5%1Y

19.3%3Y

21.3%5Y

Volatility