Brief: Liechtensteinische Landesbank FY profit up by 19.7 pct at CHF 86.3 mmln

Liechtensteinische Landesbank Aktiengesellschaft

10/03/2016 06:00

March 10 (Reuters) - Liechtensteinische Landesbank AG 
 LLB.S : 
    * Increased its annual profit in 2015 by 19.7 pct to 86.3 
million Swiss francs ($86.55 million) 
    * Due to sale of swisspartners Group as well as currency 
effects, FY assets under management fell by 9.3 pct to 45.6 
billion Swiss francs  
    * Sale of swisspartners Group led to a decline in fee and 
commission income by 21.5 pct to 149.6 million Swiss francs in 
2015 
    * Proposes that general meeting of shareholders on May 4  
increase dividend to 1.60 Swiss francs per LLB share 
    * FY loans to clients rose by 2.5 pct to 11.0 billion Swiss 
francs  
    * Net interest income, before credit loss expense, fell in 
2015 due to higher interest rate hedging costs by 3.0 pct to 
132.5 million Swiss francs  
    * Is confident that thanks to its stable basis, its focused 
business model, and its clear strategy, it will continue to 
achieve operating progress in 2016 business year and generate a 
solid net profit 
 
Source text for Eikon:  ID:nTEN11rhda  
Further company coverage:  LLB.S  
 
($1 = 0.9971 Swiss francs) 
 
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