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Liechtensteinische Landesbank AG ( (CH:LLBN) ) has shared an announcement.
Liechtensteinische Landesbank AG has decided to withdraw from its operations in Dubai and Abu Dhabi, opting to broker its private banking clients in the Middle East through Rothschild & Co Bank AG. This strategic decision allows LLB to focus on its core markets in Liechtenstein, Switzerland, Austria, and Germany, while offering its Middle Eastern clients and employees new growth opportunities with a reputable partner. The brokerage agreement with Rothschild & Co involves a referral deal with a potential value of CHF 1 billion, representing a small fraction of LLB’s total business volume.
More about Liechtensteinische Landesbank AG
Liechtensteinische Landesbank AG (LLB) is a traditional financial institution in the Principality of Liechtenstein, with the country as its majority shareholder. Listed on the SIX, LLB offers comprehensive wealth management services, including private banking, asset management, and fund services. The bank operates in Liechtenstein, Switzerland, Austria, Germany, and the United Arab Emirates, employing 1,353 full-time staff and managing a business volume of CHF 117.2 billion as of June 30, 2025.
Average Trading Volume: 10,213
Technical Sentiment Signal: Buy
Current Market Cap: CHF2.5B
See more data about LLBN stock on TipRanks’ Stock Analysis page.