LLB Verwaltung (Switzerland) Ltd. comes to agreement with US authorities
Vaduz, 5 August 2019. LLB Verwaltung (Switzerland) Ltd. has reached a settlement with the US authorities regarding the US business of the former Liechtensteinische Landesbank (Switzerland) Ltd. The agreement includes a payment of USD 10.7 million, which is covered by provisions.
LLB Verwaltung (Switzerland) Ltd. is the successor company to Liechtensteinische Landesbank (Switzerland) Ltd., which ceased its banking operations as of the end of 2013. The company has reached a conclusive, out-of-court settlement with the US Department of Justice and signed a non-prosecution agreement. The payment of USD 10.7 million is fully covered by provisions and will have no effect on the ongoing results of the LLB Group.
Brief portrait
Liechtensteinische Landesbank AG (LLB) is the longest established financial institute in the Principality of Liechtenstein. The majority of the company's share capital is held by the Principality of Liechtenstein. LLB's shares are listed on the SIX Swiss Exchange (symbol: LLBN). The LLB Group offers its clients comprehensive wealth management services as a universal bank, in private banking, asset management and fund services. With 1'516 employees, LLB is represented in Liechtenstein, Switzerland, Austria and Germany. As per 30 June 2026, the business volume of the LLB Group stood at CHF 132.1 billion.
Important dates
- Tuesday, 22 September 2026, publication of the new strategy
- Wednesday, 23 September 2026, Investors Day on the new strategy in Zurich
- Friday, 19 February 2027, publication of the 2026 business result
- Friday, 23 April 2027, 35th ordinary General Meeting of Shareholders
Contact
Liechtensteinische Landesbank AG
Berit Pietschmann
Group Corporate Communications
Telephone +423 236 87 14
Internet llb.li
