BRIEF

on Liechtensteinische Landesbank / LLB (isin : LI0355147575)

LLB General Meeting 2024: All Motions Approved with Dividend Increase

At the 32nd General Meeting of Liechtensteinische Landesbank AG (LLB), shareholders approved all motions from the Board of Directors, including an 8% dividend increase from CHF 2.50 to CHF 2.70. The meeting saw the re-election of Chairman Georg Wohlwend and Board members Richard Senti and Thomas Russenberger. The 2023 annual financial statements were also accepted by a large majority.

Further approvals included the discharge of the Board of Directors, the Board of Management, and independent auditor KPMG Liechtenstein AG, who was re-elected for another year. A new proposal was passed allowing for the acquisition of treasury shares up to 10% of the share capital over the next five years.

The LLB Group reported a significant growth in net profit by 10.2% to CHF 164.7 million, marking the best result in over a decade. With business volumes exceeding CHF 100 billion for the second time, the group continues to exhibit strong stability and security indicators, such as a Tier 1 ratio of 19.8% and a Moody’s deposit rating of Aa2.

Implementation of the ACT-26 strategic plan is proceeding as intended, focusing on growth, efficiency, and sustainability. New locations in Germany and upcoming sites in Switzerland are part of the expansion efforts under this strategy.

R. P.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved. Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all Liechtensteinische Landesbank / LLB news