National Bank of Liechtenstein

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National Bank of Liechtenstein
Liechtensteinische Landesbank
LLB Logos Master RGB POS.svg
Logo since 2023
National Bank of Liechtenstein.JPG
Headquarters
Headquarters Vaduz
Established1861
Chairman Georg Wohlwend
Central bank of Liechtenstein
Currency Swiss franc
CHF (ISO 4217)
Website www.llb.li
Liechtensteinische Landesbank AG
LLB
Company type Aktiengesellschaft
SIX:  LLBN
Industry Banking
Founded1861;164 years ago (1861)
Headquarters Vaduz, Liechtenstein
Area served
Austria, Liechtenstein, Switzerland, Germany, Dubai and Abu Dhabi
Total assets CHF  97,000,000,000 (2024)
Total equity CHF  2,200,000,000 (2024)
Number of employees
1286 (2024)
Subsidiaries Liechtensteinische Landesbank (Österreich) AG
LLB (Schweiz) AG
Website www.llb.li

Liechtensteinische Landesbank AG, trading as LLB (stylised as llb), is a financial institution located in Liechtenstein, based in the capital city Vaduz. Since 1993 it has been listed as a company at the SIX Swiss Exchange, with the majority of shares (56.3%) owned by the Liechtenstein state. As the state is in a customs and monetary union with Switzerland and has adopted the Swiss franc as official currency, the monetary policy and money supply is the sole responsibility of the Swiss National Bank (SNB).

Contents

The LLB Group offers its clients wealth management services: as a universal bank, in private banking, asset management and fund services. With over a thousand employees, it is present in Liechtenstein, Switzerland, Austria, the United Arab Emirates and, since 2024, in Germany. As at 31 December 2024, the business volume of the LLB Group was 113.5 billion Swiss francs.

In addition to its primary operations in Liechtenstein, LLB also operates in Austria and Switzerland, Germany, Dubai and Abu Dhabi.

History

In 1992 Liechtenstein joined the European Economic Area which made the bank fear for its country's bank secrecy policy. [1]

In 1993, the Liechtensteinische Landesbank was listed in the Swiss Stock Exchange, with the majority of shares (57.5%) owned by the Liechtenstein state. [2]

In February 2007, the Liechtensteinische Landesbank became a controlling shareholder of the Banque Linth. [3]

Tasks

Due to Liechtenstein's signed valuta union agreement with Switzerland and its adoption of the Swiss franc as its official currency, the Swiss National Bank performs most duties in administration of macro finance, currency and credit of banks. The National Bank of Liechtenstein however is responsible for the following three tasks:

  1. "To be secretariat for the Government in the administration of macro finance, currency, credit of Banks within the country."
  2. "To promote and maintain stability of price within the country; strengthen the efficiency of payments mechanism."
  3. "To promote and facilitate control on the flows of money to serve the socio-economic development plan of the Liechtenstein."

CEOs

See also

References

  1. ↑ "Une semaine après le rejet suisse Le Liechtenstein a approuvé nettement l'adhésion à l'Espace économique européen". Le Monde.fr (in French). 15 December 1992. Retrieved 8 January 2024.
  2. ↑ "About us: Our company at a glance". Liechtensteinische Landesbank. Archived from the original on 8 May 2013. Retrieved 26 January 2013.
  3. ↑ "Contrôle de la Banque Linth: la LLB l'emporte devant la Banque de Glaris". Agefi (in French). 6 February 2007. Retrieved 8 January 2024.
  4. 1 2 3 4 5 6 7 8 Im Wandel beständig 1861 – 2011 by Liechtensteinische Landesbank – Issuu
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