Moody's confirms LLB's Aa2 rating / outlook stable
Liechtensteinische Landesbank / LLB / Key word(s): Rating
Moody's confirms LLB's Aa2 rating / outlook stable
05.07.2024 / 15:22 CET/CEST
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Vaduz, 5 July 2024 - The rating agency Moody's has again awarded
its bank deposit rating of Aa2 to the Liechtensteinische
Landesbank AG (LLB), with a stable outlook. This confirms the
LLB's excellent creditworthiness.
With a Moody's bank deposit rating of Aa2, the Liechtensteinische
Landesbank is in the top league of Liechtenstein and Swiss banks
and is one of the banks with the highest ratings in the world.
The LLB's issuer rating of Aa3 is also very positive.
The re-assessment of the rating by Moody's comes in the wake of
the LLB's announcement to acquire 100 per cent of Zürcher
Kantonalbank Österreich AG from Zürcher Kantonalbank and
subsequently merge it with LLB Österreich.
The agency's rating outlook for the LLB is stable. Moody's
justification: "The stable outlook (.) reflects our expectation
of a continued stable development of LLB's key financial factors
and a largely unchanged liability structure."
Important dates
* Monday, 26 August 2024, presentation of the half year
business result 2024
* Wednesday, 16 April 2025, 33rd ordinary General Meeting of
Shareholders
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 1'213
employees (full-time equivalent positions), LLB is represented in
Liechtenstein, Switzerland, Austria and the United Arab Emirates.
As per 31 December 2023, the business volume of the LLB Group
stood at CHF 102.2 billion.
Contact
Liechtensteinische Landesbank AG
Cyrill Sele, Head Group Corporate Communications & Sustainability
Telephone +423 236 82 09, E-Mail ir@llb.li, Internet
http://www.llb.li
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End of Media Release
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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: 1940745
End of News EQS News Service
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1940745 05.07.2024 CET/CEST