LLB Group: Pursuit of growth through acquisition Montag, 18. Dezember 2017 - 18:34
Vaduz, 18 December 2017. The LLB Group is on track with the implementation of its StepUp2020 strategy. It is engaged in discussions on growth through acquisition.
With its StepUp2020 strategy, the LLB Group is betting on sustainably profitable growth. As part of its strategic orientation, it is working with a high level of dynamism on the core elements of growth, profitability, innovation, and excellence.
The LLB Group is aiming to increase its business volume to more than CHF 70 billion, in part through organic growth, and in part through acquisitions in its home markets of Liechtenstein, Switzerland, and Austria. Complementing its growth strategy, the LLB Group is planning to further strengthen and to geographically expand its fund business. The LLB Group is considering entry in the Swiss market for fund services by acquiring a fund company.
In order to implement its strategy, the LLB Group is conducting discussions on growth through acquisition in Austria and – in the field of fund services – in Switzerland.
Brief portrait
The Liechtensteinische Landesbank AG (LLB) is the longest established financial institute in the Principality of Liechtenstein. The Principality of Liechtenstein holds the majority of the company's share capital. The 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 853 employees (full-time equivalent positions), the LLB is represented in Liechtenstein, Switzerland, Austria, and the United Arab Emirates (Abu Dhabi and Dubai). As per 30 June 2017 the LLB Group managed a business volume of CHF 60 billion.
Important dates
- 8 March 2018, Presentation of the 2017 Annual Result
- 9 May 2018, 26th Ordinary General Meeting of Shareholders
Contact
Dr. Cyrill Sele
Head of Group Corporate Communications & General Secretary
Telephone +423 236 80 99
Fax +423 236 87 71
Internet www.llb.li