The moves are part of LLB Group’s "StepUp2020" strategy.

"With our Focus2015 strategy, we have made the LLB Group fit for the future and laid the foundation for future-oriented corporate development," Dr Hans-Werner Gassner, chairman of the board of directors of the LLB Group, said.

"We are able to approach our strategic positioning over the next five years from a position of strength. With the strategic room for manoeuvre we have gained, we want to make use of sustainably profitable growth opportunities."

The group has a tier one capital ratio of 20 per cent.
 
“Over the next five years, the LLB Group is aiming to achieve a significant increase in business volume, through both organic growth and acquisitions. Our home market of Liechtenstein continues to play a significant role. We are aiming for above-average growth targets in the onshore markets of Switzerland and Austria as well as in the growth markets of CEE and the Middle East,” the group said.

“The LLB Group will further expand its position by recruiting 30 to 40 new client advisors. Thanks to our very solid equity base, the LLB Group has about SFr450 million at its disposal (including own shares) for targeted acquisitions in our home markets of Liechtenstein, Switzerland, and Austria,” it said.

“Over the next five years, the LLB Group aims to advance innovations in a targeted way. By the end of 2020, we will invest about SFr100 million in innovation and infrastructure projects as well as pioneering digital solutions. The omnichannel strategy will combine a new branch concept with online and mobile banking. The digitalisation of banking, which constitutes a focus of StepUp2020, will open up new opportunities for the LLB Group,” it said.

Among its targets for 2020, the group said it aims to hit a cost/income ratio of less than 65 per cent; from 2016 to 2020, it targets a cumulative net profit for the LLB Group of more than SFr500 million, and a tier one ratio of more than 14 per cent.

“The Liechtensteinische Landesbank is maintaining the long-term orientation of its attractive dividend policy. The dividend payout ratio to shareholders should continue to be 40 per cent to 60 per cent of the net profit,” it said.

Further details will be set out during an investors’ day on 29 September.