The Liechtensteinische Landesbank AG (LLB) has increased its profits significantly in the first half of 2014. It expects a Group result of CHF 40 million.
In the first half of the year, the LLB Group achieved an operating income of CHF 170 million. Operating expenses were CHF 131 million.
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For the first half year, the LLB Group expects a Group result of CHF 40 million, compared to CHF 13.6 million for the prior-year period.
Mortgage loans increased in comparison with the end of 2013 by 1.1 percent to CHF 9.0 billion. Assets under management remained stable at CHF 49.1 billion.
Detailed information will be provided by the LLB Group at the presentation of the 2014 interim results on 28 August 2014.
The Liechtensteinische Landesbank AG (LLB) offers its clients comprehensive wealth management services, as a universal bank, in private banking, asset management and fund services.
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By GlobalDataWith 886 full-time equivalents, the LLB is represented in Liechtenstein, Switzerland, Austria, and in the United Arab Emirates (Abu Dhabi and Dubai).
As per 30 June 2014, the LLB Group managed client assets totaling CHF 49.1 billion.
