Reports
Liechtenstein's LLB Group Says Net New Inflows Surge; Profits Rise
The banking group reported a broadly solid set of results. Expenses rose, with spending on client advisors and those in digital transformation accounting for much of this cost increase.
LLB, based in
Liechtenstein, has reported a slight rise in earnings per share
to SFr5.47 ($6.08) in 2024 from a year earlier.
Group net profit rose to SFr167.2 million, a rise of 1.5 per cent
from a year before.
Net new money more than doubled in 2024 to SFr2.789 billion, from
SFr1.381 billion, LLB Group said in a statement.
Operating income rose 4.4 per cent to SFr565.8 million; operating
costs rose 6.1 per cent over the same period.
LLB Group said its rise in expenses was caused partly by spending
on new jobs in client advisory and digital transformation, as set
out in its strategy. Its cost/income ratio rose a touch to 66.4
per cent.
