Liechtensteinische Landesbank (LLBN) H2 2024 earnings summary

Executive summary

• Achieved record business volume of CHF 113.5 billion, up 11.0% year-over-year.

• Group net profit rose 1.5% to CHF 167.2 million, marking the best result in 15 years.

• Organic growth of nearly CHF 4 billion and strong net new money inflow of CHF 2.8 billion (+3.2%).

• Strategic investments and expansion in Germany and Switzerland, including the takeover of ZKB Österreich.

• Continued focus on growth, efficiency, and sustainability under the ACT-26 strategy.

Financial highlights

• Operating income increased by 4% to CHF 565.8 million compared to 2023.

• Net new loans grew by CHF 1.1 billion (+7.4%).

• Cost-income ratio rose to 66.4% (+2.1 percentage points year-over-year).

• Tier 1 ratio at 18.8%, down 1.0 percentage point from previous year.

• Dividend per share proposed at CHF 2.30, a 4% increase, with a >50% payout ratio.

Outlook and guidance

• Strategy aims for long-term, profitable growth with a diversified and robust business model.

• ACT-26 focuses on accelerating growth, client-centric transformation, and sustainability.

• Investments of CHF 100 million planned by 2026 for digitalisation and process scaling.

• On track to achieve net zero CO2 by 2040 and maintain Tier 1 ratio above 16%.