Earlier this year, the European private bank wrapped up an acquisition of an Austria-based firm, and said fee and commission income performance was particularly positive.

LLB Group, the Liechtenstein-headquartered private bank, today said it had made a SFr91 million profit in the first six months of 2025, up from SFr90.2 million ($112.6 million) in the same period a year earlier.

The firm brought in SFr1.4 billion in net new money, rising by 75.8 per cent year-on-year, it said in a statement. 

Acquisitions helped results. LLB said development of fee and commission income was “especially pleasing” (rising 23.4 per cent), benefiting both from the higher average volume of client assets under management and the takeover of the former ZKB Österreich, it said. 

"In the first half year, once again, business conditions were extremely challenging. The fact that we were nevertheless able to achieve a solid interim result demonstrates that, both strategically and operatively, we are well positioned and aligned", Georg Wohlwend, chairman of the board of directors, said.

In H1 2025, operating income rose by 10.5 per cent to SFr312.8 million. 

In trading business, the greater difference in interest rates between the Swiss franc and, especially, the dollar had a positive effect for the LLB Group. Intensified client trading activity also helped the positive interim result. 

Falling interest rates led to a decline in interest income which, at SFr63.1 million, was 6.8 per cent down on the previous year’s figure. Risk provisions for credit losses were again reduced.

Operating costs stood at SFr204.6 million (up from SFr177.2 million a year before), mainly caused by LLB’s takeover of the ZKB Österreich business. That acquisition led to an increase in total personnel of around 100 employees. Operating expenses also contained integration costs amounting to SFr7.1 million. 

The bank’s cost/income ratio was unchanged at 65.2 per cent.

LLB Group’s Tier 1 capital ratio was 18.4 per cent at the end of June, it added.