Liechtensteinische Landesbank (LLB) posted solid financial results in 2025, in spite of a volatile environment and integration costs resulting from the acquisition of ZKB Österreich.

Total assets under management at Liechtensteinische Landesbank – now operating under the LLB Group moniker – were up 2.4 per cent to SFr28.3 billion ($36.5 billion) in 2025 on the previous year level. Client assets under management at LLB reached SFr108.9 billion in 2025, up 12.2 per cent on 2024, of which SFr3.2 billion was attributable to the acquisition of ZKB Österreich. (That deal was wrapped up just over a year ago.)

In spite of SFr10 million in integration costs, the group’s net profit attained nearly the same level as 2024 at SFr166.5 million, down 0.4 per cent. The integration of the former ZKB Österreich was considered for the first time over a full business year.

Operating income amounted to SFr611.6 million in 2025, rising 8.1 per cent on the previous year’s figure, the bank said in a statement today. This rise was largely caused by the takeover and consolidation of ZKB Österreich. An increase of around SFr45.2 million year-on-year was registered especially with net fee and commission income. The result was also boosted by higher average volumes and intensified client activities.

The business volume exceeded the SFr125-billion mark, up 10.9 per cent compared with the previous year, the firm continued. Net new money inflows grew again to SFr3.7 billion, corresponding to a growth rate of 3.8 per cent, while net new loans amounted to SFr540 million, representing growth rate of 3.3 per cent.

The LLB Group’s capitalisation remained solid, reflected in its tier 1 ratio of 19.0 per cent, while the dividend should remain stable at SFr2.80, it said. Dividends and taxes of SFr64.6 million were credited to the State of Liechtenstein in 2025. As the majority shareholder, the Principality benefits – as do all investors and private shareholders – from the LLB Group’s dividend policy.

"The fact that we again achieved a solid business result in a continuing challenging environment testifies to the resilience of our business model," chairman of the board Georg Wohlwend, said. In 2026, geopolitical tensions and a volatile market environment are expected to continue. However, group CEO Christoph Reich said he expects to achieve a solid business result for the 2026 business year.

LLB Group operates in Liechtenstein, Switzerland, Austria, Germany and the United Arab Emirates.