Our strategy is proving its validity – it is precisely in such a demanding environment that our diversified, stability-focused business model demonstrates its strengths. Our active capital and risk management supports the LLB Group's growth. In 2009, we shall continue determinedly to realise our three-pillar strategy.
A universal bank with a strong wealth management business
Our business is broadly diversified.
As a corporate Group, we offer our clients comprehensive services, these include private banking, asset management, as well as fund services and trust services. We are the leading universal bank in the Principality of Liechtenstein, and are one of the most significant asset management institutes in Switzerland. In addition, we are represented in the United Arab Emirates (Abu Dhabi and Dubai), on the Cayman Islands and in Hong Kong.
In the year under report, we earned the largest part of our total revenues, namely 55.8 percent, from fee and commission business; 50.5 percent was attributable to interest income and 7.6 percent to trading income.
Operating income 2008
The LLB Group is organised in four segments:
- Domestic Clients: contains the universal banking and private banking business in our two home markets of Liechtenstein and Switzerland. In 2008, this segment earned 38.1 percent of the operative income and managed 29.9 percent of our client assets.
- International Clients: encompasses the LLB Group's international wealth management business. In 2008, this segment earned 22.7 percent of the operative income and managed 22.4 percent of our client assets.
- Institutional Clients: comprises our institutional asset management and fund business as well as financial intermediary business. In 2008, this segment earned 39.2 percent of operative income and managed 47.7 percent of our client assets.
- Corporate Center: supports the client-oriented business units, enabling them to deliver optimum services at competitive prices. The LLB Group's financial investments are managed by the Corporate Center.
