In the first half of 2017, the banking group’s business volume grew by almost CHF 2 billion over the same period last year to just under CHF 60 billion, announced the Liechtensteinische Landesbank (LLB) in a statement.
The LLB Group also expects a net profit of CHF 60 million, which equates to a 39 per cent increase over the first half of 2016.
The unaudited figures also revealed that the LLB’s loans to customers rose by CHF 0.2 billion in the first half of 2017 to CHF 11.7 billion. In the same period, client assets under management increased by CHF 1.8 billion to CHF 48.2 billion. The banking group’s net new money inflow amounted to CHF 731 million.
Meanwhile, the LLB Group increased its operating income by CHF 34.9 million to CHF 190 million. At the same time, operating expenses rose by CHF 7.5 million to CHF 116 million.