Retail & Corporate Banking Segment
Private and corporate clients
The Retail & Corporate Banking Division of the LLB Group offers the entire spectrum of banking and financial services for private and corporate clients in Liechtenstein and Switzerland at all phases of life and the business cycle. Traditionally, savings and mortgage lending business has always played a very important role. This is supplemented by financial planning and corporate pensioning provisioning. In addition, the LLB Group provides specific investment advice and asset management to clients having available assets of up to CHF 0.5 million. At the same time, it offers services for small and medium-sized enterprises (SMEs). Retail & Corporate Banking combines bank branches with mobile and web-based services. It has three branches in Liechtenstein and 19 in the Swiss cantons of Zurich, St. Gallen, Thurgaus and Schwyz.
Business segment result
Interest differential business, which comprises the largest part of earnings in private and corporate client business, recorded a positive development. The pressure on margins in deposits and mortgage business was more than compensated for by growth in lending business. In the reporting period value allowances for credit loss expense were released. In spite of investments in the branch and distribution network, operating expenses remained stable.
The business volume rose by 1.1 percent to CHF 19.0 billion. Loans to customers in line with LLB’s risk conscious policy expanded by 1.4 percent. The segment posted new money inflows from private and corporate clients in the home markets of Switzerland and Liechtenstein.
Download |
in CHF thousands |
First half 2018 |
First half 2017 |
+/− % |
|||
Net interest income |
44'841 |
42'741 |
4.9 |
|||
Credit loss (expense) / recovery |
2'665 |
–3'104 |
|
|||
Net interest income after credit loss expense |
47'505 |
39'638 |
19.8 |
|||
Net fee and commission income |
15'737 |
15'482 |
1.6 |
|||
Net trading income |
5'541 |
5'454 |
1.6 |
|||
Other income |
711 |
536 |
32.6 |
|||
Total operating income |
69'495 |
61'110 |
13.7 |
|||
Personnel expenses |
–15'183 |
–15'214 |
–0.2 |
|||
General and administrative expenses |
1'957 |
–981 |
|
|||
Depreciation and amortisation |
0 |
–34 |
–100.0 |
|||
Services (from) / to segments |
–24'678 |
–24'952 |
–1.1 |
|||
Total operating expenses |
–37'904 |
–41'180 |
–8.0 |
|||
Segment profit before tax |
31'590 |
19'930 |
58.5 |
Download |
|
First half 2018 |
First half 2017 |
||||||
|
||||||||
Net new money (in CHF millions) |
200 |
–97 |
||||||
Growth of net new money (in percent) |
2.4 |
–1.1 |
||||||
Cost-Income-Ratio (in percent) * |
56.7 |
64.1 |
||||||
Gross margin (in percent) ** |
70.7 |
70.4 |