The Liechtensteinische Landesbank (LLB) has reported an operating income of CHF 157m in the first half of 2015. Operating expenses were CHF109m.
Assets under management decreased from CHF50.2bn to CHF45bn as the result of the sale of Swisspartners Investment Network and performance-related factors pertaining to the currency situation.
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As of 30 June 2015, the LLB Group managed a business volume totalling CHF55.7bn.
LLB Group said it expects an interim result of approximately CHF44m, compared to CHF40.4m for the prior-year period.
LLB Group calculates a net profit for the current financial year on a par with levels in the previous year depending on market rates and currencies remaining constant until the end of 2015.
LLB Group said it will release detailed information at the presentation of the 2015 interim results on 27 August 2015.
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