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Financial services

LGT records additional growth

12 Mar 2024
Vaduz - LGT recorded total operating income of 2.57 billion Swiss francs in financial year 2023, which corresponds to growth of 11 percent in comparison with the previous year. At 21.9 billion Swiss francs, the Private Banking and Asset Management Group increased net asset inflows by 8 percent in total.

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LGT, the private bank under the ownership of the Princely Family of Liechtenstein, recorded further strong growth over the course of financial year 2023, further details of which can be found in a press release. For example, total operating income at the bank rose by 11 percent versus the 2022 financial year to 2.57 billion Swiss francs, as LGT explains in the press release. LGT recorded a notable success in the area of net asset inflows. Here, the bank posted a result amounting to 21.9 billion Swiss francs, which corresponds to growth of 8 percent year on year. Assets under management at LGT also rose to a historic high of 316 billion Swiss francs as at the end of the year, which equates to growth of 10 percent overall. Last but not least, group profit for financial year 2023 amounted to 375.3 million Swiss francs.

«Our results for 2023 are further evidence of the high level of trust that our clients place in us, and of LGT’s strong competitive position», comments Prince Maximilian von und zu Liechtenstein, Chairman LGT, in the press release. «Thanks to our skilled employees, supported by digital solutions, our international presence and stable business model, we will continue to provide our clients with outstanding expertise, and sustainable wealth and investment solutions», he explains, before concluding that: «We are confident that this will position us well for further growth». ce/ww