Bank with the richest tradition in Liechtenstein – The LLB story
The story of the LLB began with the founding of the "Zins- und Credit-Landes-Anstalt" in Vaduz on 5 December 1861. This was a first step in the reforms that continued with the first Liechtenstein Constitution of 1862. Liechtenstein's development as a modern business location had begun.
Progressive capital requirements
With the democratisation of Liechtenstein after the First World War, the LLB, then the "Sparkasse", was granted a degree of independence in 1923 along with an "unlimited state guarantee" and tax exemption. A real bank was created with very progressive capital requirements – as prescribed internationally today.
In 1924, the Customs Treaty with Switzerland opened the border to the Swiss economic area for Liechtenstein; the stable Swiss Franc became the national currency; and cooperation with the Zurich financial centre and the rise of the Landesbank began.
Universal bank with international clients
After the Second World War, the financial institution developed into a universal bank with international clients. In 1955, the LLB was given the name "Liechtensteinische Landesbank". Growth in the investment and asset management business began in the 1970s.
The new Law on the Liechtensteinische Landesbank of 1981 allowed the LLB to establish subsidiaries and branches abroad. The LLB did not take this step until it was partially privatised and listed on the SIX Swiss Exchange in 1993. The LLB expanded its activities in Switzerland and established new markets, including representative offices in Abu Dhabi (2005) and Dubai (2008), as well as the formation of Liechtensteinische Landesbank Österreich in Vienna (2009). In 2007, the LLB acquired a majority shareholding (74.8 %) in Bank Linth, a Swiss regional bank.
Repositioning with new focus markets
With its Focus2015 strategy, the LLB Group achieved a groundbreaking repositioning starting in 2013, in response to the fundamental transformation that the banking world has undergone since the financial crisis of 2008. The LLB Group has focused on the onshore markets of Liechtenstein, Switzerland, and Austria, the traditional cross-border markets of Germany and the rest of Western Europe, as well as the growth markets of Central and Eastern Europe and the Middle East.
With its StepUp2020 strategy, the LLB Group is pursuing sustainable profitable growth through 2020. Since 2016, the focus has been on the four core elements of growth, profitability, innovation, and excellence. For the next five years, the new ACT-26 strategy will focus on the core themes of growth, efficiency and sustainability. ACT-26 stands for the continuation of successful growth and technological and sustainable transformation.
Austria is our third domestic market
In 2018, the LLB Group acquired the fund service provider LB(Swiss) Investment in Zurich, which now bears the name "LLB Swiss Investment". The LLB Group also acquired Semper Constantia Privatbank in Vienna, which merged with LLB Österreich to form Liechtensteinische Landesbank Österreich. Alongside Liechtenstein and Switzerland, Austria has become the Group's third strong domestic market. The LLB Group has positioned itself as a fund powerhouse in the Liechtenstein-Switzerland-Austria region.
Further information and contacts
All topics for investors can be found in the Executive Summary.
Key figures comparison
Our online annual report gives you comprehensive insight into the key figures of our success.
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