EQS Group-Ad-hoc: Liechtensteinische Landesbank / LLB / Key word(s): Strategic Company Decision/Sustainability Vaduz, 27 October 2021. With the ACT-26 strategy, the LLB Group will be focussing on the core topics of growth, efficiency and sustainability for the next five years. ACT-26 represents the continuation of the Group's successful growth and its technological and sustainable transformation. During the strategy period, the Group will invest CHF 100 million in this transformation. The Group's organisational structure will be aligned with the new strategy, and the number of divisions will be reduced from six to five. The LLB Group continues to represent security and stability. "With the StepUp2020 strategy, we further strengthened the LLB Group and have established an excellent foundation for future-oriented corporate development," says Georg Wohlwend, President of the Board of Directors of the LLB Group. "At over CHF 100 billion, business volume has reached a record high. We have completed three successful acquisitions, have grown thanks to our own efforts and have increased our profits by 50 per cent." ACT-26 - growth, efficiency and sustainability "As the core elements of the ACT-26 strategy, growth, efficiency and sustainability are our main focus," says Brenna. 'We feel confident that this will allow us to continue to build upon our last successful strategy phase and will allow our clients to benefit from excellent personal advisory services and modern, digital offers." The corporate objectives of the five-year strategy are:
The LLB Group is pursuing an attractive and sustainable dividend policy. Whereas the distribution ratio was previously between 40 and 60 per cent of the net profit, it is now more than 50 per cent. Furthermore, LLB strives to continually develop dividends. Growth: organic and acquisition-driven Efficiency: CHF 100 million for digital transformation Sustainability: comprehensive and accelerated Furthermore, based on its fundamental belief in doing the right thing, the LLB Group has also joined the UN's Net-Zero Banking Alliance (NZBA). The LLB Group's membership in the Principles for Responsible Investment and Principles for Responsible Banking initiatives also highlights its strong commitment to sustainability and climate protection. The Group's expansion of social sustainability (e.g. the ability to balance work and family, diversity, equal pay, etc.) and its commitment through the LLB Future Foundation will also be accelerated. To make these efforts and their implementation transparent, the annual sustainability report in accordance with the GRI standard will be supplemented by an additional report created in accordance with the internationally recognised TCFD standard. Organisation: geared towards clients and change As of 1 January 2022, the new organisational structure and composition of Group Executive Management will be as follows: Furthermore, the Board of Directors has named Christoph Reich Deputy Group CEO as of 1 January 2022. Going forward, Urs Müller, who has held this position since 1 July 2012, will be focussing on the strategic further development of the Private and Corporate Clients market division. "On behalf of the Board of Directors, I would like to thank Urs Müller for his immense dedication to the LLB Group. I am pleased that we can continue to count on his many years of management experience and his efficacy," says Georg Wohlwend, President of the Board of Directors of the LLB Group, expressing his appreciation. "Since joining LLB in November 2010, Christoph Reich has helped to shape the LLB Group's successful development as CFO. I would like to congratulate him on being named Deputy Group CEO, and I look forward to continuing to work with him and other members of Group Executive Management. I feel certain that they will drive our new ACT-26 strategy with a great deal of focus and enthusiasm." LLB Group Investors' Day Important dates
Brief portrait Liechtensteinische Landesbank AG (LLB) is the longest established financial institute in the Principality of Liechtenstein. The majority of the company's share capital is held by the Principality of Liechtenstein. 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 1'048 employees (full-time equivalent positions), LLB is represented in Liechtenstein, Switzerland, Austria and the United Arab Emirates (Abu Dhabi and Dubai). As per 30 June 2021, the business volume of the LLB Group stood at CHF 101.9 billion. Best regards Liechtensteinische Landesbank End of ad hoc announcement |
Language: | English |
Company: | Liechtensteinische Landesbank / LLB |
Staedtle 44 | |
9490 Vaduz | |
Switzerland | |
Phone: | +423 236 88 11 |
Fax: | +423 236 88 22 |
E-mail: | llb@llb.li |
Internet: | www.llb.li |
ISIN: | LI0355147575 |
Valor: | 35514757 |
Listed: | Regulated Unofficial Market in Frankfurt, Stuttgart; SIX Swiss Exchange |
EQS News ID: | 1244131 |
End of Announcement | EQS Group News Service |
|
1244131 27-Oct-2021 CET/CEST
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.