LLB presents interim strategy report

On August 23, the Liechtenstein government paid its traditional annual visit to LLB, the bank under the majority ownership of the Principality of Liechtenstein. The government delegation was presented with an interim report by LLB at half-time in its current strategy period, as LLB writes in a press release covering the government visit. «The LLB Group has made significant progress across all core elements of the ACT-26 strategy, namely growth, efficiency and sustainability», as Georg Wohlwend, Chairman of the Board of Directors at LLB, comments in the press release. «This shows that we are not only setting the right goals but are also working with conviction to achieve them», he adds.

In specific terms, LLB opened locations in Frankfurt, Düsseldorf and Munich this year, in addition to expanding its presence in Switzerland. Moreover, the bank acquired Zürcher Kantonalbank Österreich (ZKB Austria), the Austrian subsidiary of Zurich Cantonal Bank. In comparison with 2019, the carbon emissions linked to banking operations have been reduced by around a quarter. The investment app wiLLBe already has more than 20,000 users and customer assets of around 700 million Swiss francs.

«LLB is a key pillar of the Liechtenstein economy», as Sabine Monauni, Deputy Prime Minister of the Principality of Liechtenstein, commented in a speech during the visit to LLB, excerpts from which were reprinted in the press release. She added: «As representatives of the majority shareholder, the Principality of Liechtenstein, we are therefore delighted with the successful implementation of the ACT-26 strategy». For his part, LLB Group CEO Gabriel Brenna believes the bank is well positioned: «Milestones such as the acquisition of ZKB Austria, through which we are expanding our position as the leading asset management bank in Austria, serve to bolster us further and give me cause to look ahead with optimism for the future». ce/hs