LLB Group Says First-Half 2026 Profit Rose 15.3 Per Cent

Editorial Staff

19 August 2026

(LLB) Group today reported a net profit of SFr105.0 million ($129.5 million) for the first half of 2026, up from SFr91.0 million a year earlier.

The increase reflected higher operating income, lower expenses and broad-based growth across the group's markets, LLB said in a statement.

Client assets under management reached a record SFr115 billion, while net new money inflows climbed to SFr2.2 billion, an annualised growth rate of 4.1 per cent, up from SFr1.4 billion in the first half of 2025, it said.

Net new loans totalled SFr211 million, an annualised increase of 2.5 per cent, reversing a net outflow of SFr239 million in the first half of 2025. LLB said it had returned to growing its lending book after focusing on efficiency in the previous year.

Shares in the group, which is listed on the SIX Swiss Exchange, have risen about 25.7 per cent since 6 January. It has a trailing price/earnings ratio of 15.3 times earnings.

LLB operates via two market divisions: Retail and Corporate Banking and International Wealth Management. Its three booking centres are in Liechtenstein, Switzerland and Austria.

All three centres and both divisions contributed to the net new money growth, LLB said.

Operating income rose 0.9 per cent to SFr315.5 million. Fee and commission income increased 5.9 per cent on higher client asset volumes, while trading income benefited from heightened activity linked to geopolitical tensions earlier in the year. Other income included SFr9.4 million from a referral agreement tied to LLB's withdrawal from its Middle East business. Interest income fell as persistently low Swiss franc rates weighed on the interest differential business.

Operating expenses fell by 6.8 per cent to SFr190.6 million. The prior-year period had included one-off integration costs from the takeover of ZKB Österreich, and lower headcount following synergy realisation also reduced personnel costs. The cost/income ratio fell to 59.5 per cent from 65.7 per cent, within the bank's strategic target range.

The Common Equity Tier 1 capital ratio stood at 18.5 per cent at the end of June.

LLB Group says first-half 2026 profit rose 15.3 Per Cent.

The banking group, headquartered in Liechtenstein, issued results for the first six months of this year, recording what it said were broad-based net new money flows.