S&P Reconfirms the Stability of Liechtenstein’s Banking Centre
Latest S&P report highlights the resilience and reliability of the financial sector
In its Banking Industry Country Risk Assessment (BICRA) dated September 17, 2025, S&P Global reconfirms the strong stability of Liechtenstein’s banking sector. The Principality remains in BICRA Group 2, underlining banks’ conservative business models, robust capitalization, and strong liquidity buffers.
S&P emphasizes the very low credit risk, the resilience of the economy, and the exceptionally low loan-to-value ratios in mortgage lending, which minimize the risk of a property bubble. The report also highlights the country’s strong commitment to international standards and the role of effective self-regulation in ensuring high levels of compliance and transparency.
Furthermore, S&P points out that Liechtenstein’s IMF membership provides an additional layer of security – both as a potential liquidity backstop and through technical support to improve statistical data and transparency. Despite global uncertainties, S&P once again confirms the reliability and long-term stability of Liechtenstein as an international financial centre.
