The private banking and asset management group delivered first-half figures, including a record AuM result.

LGT, the Liechtenstein-based private banking and asset management group owned by the Princely Family of Liechtenstein, reported group profit of SFr281.6 million ($346.4 million) for the first half of 2026, up 17 per cent on a year earlier.

The result was supported by higher revenue and moderate cost growth, the bank said in a statement today.

The banking group said it expects the geopolitical environment and financial market conditions to remain too difficult to predict for the remainder of the year.

“Following the targeted growth investments made in recent years, our focus is on consolidating our presence in our existing markets worldwide and consistently leveraging the benefits of our international platform,” HSH Prince Max von und zu Liechtenstein, chairman LGT, said. 

Assets under management reached SFr412.6 billion as at 30 June, a record, having risen 7 per cent over the period. The increase was driven by net new asset inflows of SFr12.3 billion, an annualised growth rate of 6.4 per cent, alongside market performance and currency effects. 

LGT said the figures do not reflect a full comparable period for Commonwealth Bank of Australia's Private Advice business, which it acquired in June 2025.

Income from services, the group's largest revenue contributor, rose 7 per cent to SFr1.00 billion, driven by the higher asset base and client activity. Income from trading and other operating income rose 1 per cent to SFr325.9 million, while net interest income fell 2 per cent to SFr156.6 million. Total operating income rose 5 per cent to SFr1.49 billion.

Operating costs rose by 2 per cent to SFr1.09 billion, with personnel costs up 2 per cent at SFr867 million as headcount rose by 62 full-time equivalents. The cost income ratio improved to 73.3 per cent, from 76.8 per cent at the end of 2025. LGT's Common Equity Tier 1 capital ratio stood at 18.0 per cent as at 30 June.

LGT Capital Partners recently added the venture capital team of Sapphire Partners, extending its US presence. 

LGT also opened a new headquarters building in Vaduz in April.