Slides
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2025 Annual Business Result Media and analyst conference of the LLB Group Zurich, 20 February 2026 Media and analyst conference of the LLB Group
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Agenda Introduction Georg Wohlwend, Chairman BoD Financial result 2025 Markus Schifferle, Group CFO ACT-26 strategy and outlook Christoph Reich, Group CEO Q&A 2025 annual business result 2Media and analyst conference of the LLB Group
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LLB Group stays on course 2025: high volatility and low predictability LLB shows resilience and embodies stability Strong business result and clear steps forward 2025 annual business result 3Media and analyst conference of the LLB Group
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Stable result Stable dividend 2.20 2.20 2.30 2.50 2.70 2.80 2.80 2019 2020 2021 2022 2023 2024 2025* Dividend per share in CHF 3.5% 4.2% 4.4% 4.5% 4.1% 4.0% 3.3% Dividend yield Attractive and long-term dividend development > 50 per cent distribution ratio of Group net profit 2025: stable dividend 2025 annual business result 4 * Proposal of the Board of Directors to the General Meeting of Shareholders of 17th April 2026 Media and analyst conference of the LLB Group
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Proposals for re-election to the Board of Directors Nicole Brunhart 5Media and analyst conference of the LLB Group2025 annual business result Christian Wiesendanger
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LLB Group Executive Management In a new composition 6Media and analyst conference of the LLB Group2025 annual business result
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Financial result 2025 2025 annual business result 7Media and analyst conference of the LLB Group
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Group result at a glance Tier 1 ratio 19.0 % (+0.3 pp) Cost income ratio 67.0 % (+0.6 pp) Net new money CHF 3.7 billion (+3.8 %) Net new loans CHF 540 million (+3.3 %) Group net profit CHF 166.5 million (-0.4 %) Business volume CHF 125.9 billion (+10.9 %) 2025 annual business result 8Media and analyst conference of the LLB Group
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Strengthened earning power Cost increase due to integration 2025 annual business result Group net profit (in CHF million) 167.2 8.6 45.2 -8.0 -30.8 -10.0 -5.7 166.5 31.12.2024 Interest & trading business Fee & comm. business Other op. income Operating expenses One-time integration Taxes 31.12.2025 9Media and analyst conference of the LLB Group Operating income CHF +46 million Operating expenses CHF +41 million
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Growth is translating into stronger performance in the fee and commission business Net fee and commission income (in CHF million) 143.1 153.3 192.4 57.0 60.7 66.8200.0 214.0 259.2 2023 2024 2025 portfolio-based transaction-based 2025 annual business result +21 % 10Media and analyst conference of the LLB Group
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6.5 8.7 9.0 10.0 11.50.4 4.4 6.8 8.9 10.5 6.9 13.1 15.8 18.8 22.0 31.12.2016 31.12.2019 31.12.2022 31.12.2024 31.12.2025 Asset management mandates Investment advisory mandates LLB Invest (in CHF billion) Higher profitability through targeted mandate growth 2025 annual business result 11Media and analyst conference of the LLB Group
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Trading result offsets interest decline Overall result improved Net interest income before expected credit losses (in CHF million) 164.4 134.1 122.9 2023 2024 2025 2025 annual business result -8 % Net trading income (in CHF million) 134.6 157.6 166.8 38.6 42.3 52.9173.2 199.9 219.7 2023 2024 2025 Other trading activities Interest-driven trading activities +10 % 12Media and analyst conference of the LLB Group
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13.8 14.8 14.9 1.5 1.7 2.115.3 16.5 17.0 31.12.2023 31.12.2024 31.12.2025 Mortgage loans Other client loans Loans to clients and assets under management reach new all-time highs 97.0 3.2 3.7 -3.9 9.0 108.9 31.12.2024 Acquisition ZKB Austria Net new money Currency effect Market perf. 31.12.2025 Development of assets under management (in CHF billion) 2025 annual business result +3 % 13Media and analyst conference of the LLB Group Loans to clients (in CHF billion) +12 %
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Diversified business model as success factor 2025 annual business result 14Media and analyst conference of the LLB Group International Wealth Management Business volume CHF 40.1 billion (+6.8 %) Net new money CHF 1'133 million (+5.1 %) Net new loan CHF 349 million (+2.2 %) Employees 289 FTE (-10.0 %) Profit before taxes CHF 157.8 million (-6.7 %) Business volume CHF 84.8 billion (+13.1 %) Net new money CHF 2'484 million (+3.4 %) Net new loan CHF 191 million (+17.3 %) Employees 299 FTE (+8.8 %) Profit before taxes CHF 117.9 million (+0.8 %) Retail & Corporate Banking
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Balance sheet total CHF 28.3 billion (+2.4 %) Financial strength and stability 2025 annual business result Moody's deposit ranking Aa2 15 Liquidity coverage ratio (LCR) 149.9 % (-2.0 pp) Risk-weighted assets CHF 10.3 billion (+3.7 %) Common equity tier 1 (CET1) CHF 2.0 billion (+5.2 %) Tier 1 ratio / CET1 ratio 19.0 % (+0.3 pp) Return on equity 7.3 % (-0.4 pp) Media and analyst conference of the LLB Group
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The LLB Group is on track strategically, financially and operatively LLB increases profitability Growth boosts earnings potential Successful integration of ZKB Austria LLB drives efficiency Strategic focus on improving efficiency Foundation for profitable growth in core markets LLB grows sustainably Business volume exceeding CHF 125 billion Organic and acquisition-driven growth of CHF 7.5 billion 2025 annual business result 16Media and analyst conference of the LLB Group
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ACT-26 strategy and outlook 2025 annual business result 17Media and analyst conference of the LLB Group
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ACT-26 ACcelerate We will accelerate our previous growth. Transform We will become more client-focused, efficient and sustainable.
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Core element growth 2025 annual business result 19Media and analyst conference of the LLB Group
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Growth in Switzerland 2025 annual business result New location in Zurich More visibility and proximity Expanded management team to increase impact 20Media and analyst conference of the LLB Group
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Growth in Germany 2025 annual business result Established and strengthened presence Focus on tailored solutions New Wealth Solutions unit Excellent offerings 21 Media and analyst conference of the LLB Group
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Growth in Austria 2025 annual business result Successful migration and integration of former ZKB Austria Greater reach and strength, a strong benefit for clients Strengthened position as Austria's leading wealth management bank 22Media and analyst conference of the LLB Group
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Foundation of the Liechtenstein Pfandbriefinstitut (covered bond institute) 2025 annual business result Joint Venture of LLB and LGT Long-term, stable refinancing base Attractive offering for investors First issuance in preparation 23Media and analyst conference of the LLB Group
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Core element efficiency 2025 annual business result 24Media and analyst conference of the LLB Group
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Driving efficiency and client-centricity through digitalisation 2025 annual business result 25Media and analyst conference of the LLB Group LLB.ONE modernises processes and infrastructure Greater efficiency for outstanding client experiences willbe remains the Group's innovation lab User growth underlines its relevance
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Core element sustainability 2025 annual business result 26Media and analyst conference of the LLB Group
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Sustainability well on course Successful reduction of CO2 emissions Launch of the 0% energy mortgage Efficient implementation of regulatory requirements 2025 annual business result 27Media and analyst conference of the LLB Group
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Outlook 2025 annual business result 28Media and analyst conference of the LLB Group
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Ambitious objectives with ACT-26 Core element Goal 2025 Strategy period Growth Net new money Net new loans > 3 % p.a. > 3 % p.a. 3.8 % 3.3 % 3.1 % 5.7 % Efficiency Cost income ratio 2026 65 % 67.0 % Sustainability Net zero CO2 2040 On track Security Tier 1 ratio > 16 % 19.0 % 2025 annual business result ~ 29Media and analyst conference of the LLB Group
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Outlook for the LLB Group Advancing the transformation, shaping the future 2025 annual business result 30Media and analyst conference of the LLB Group Rollout of the succession strategySuccessful completion of ACT-26 2026 2027+ Finalising implementation Confirming achievement of targets Development in progress Communication in autumn 2026
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Q&A 2025 annual business result 31Media and analyst conference of the LLB Group
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Contact Liechtensteinische Landesbank AG Gwen Walbert Head Group Marketing and Communications Städtle 44 9490 Vaduz Liechtenstein Telephone +423 236 86 64 E-mail communications@llb.li Internet llb.li Contact and financial calendar Financial calendar Release of the Annual Report 2025 Friday, 13 March 2026 34th Annual General Meeting of Shareholders Friday, 17 April 2026 Ex-dividend date Tuesday, 21 April 2026 Dividend payment date Thursday, 23 April 2026 Presentation of 2026 interim financial reporting Wednesday, 19 August 2026 2025 annual business result 32Media and analyst conference of the LLB Group
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Thank you Halbjahresabschluss 2025 33Webcast der LLB-Gruppe
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Legal notice The information contained in these documents does not constitute an offer or an individual recommendation or solicitation to buy or sell investment instruments or to engage in any other transaction. They are for informational purposes only. The information used herein has been obtained from sources that we believe to be reliable, but for the trustworthiness of which LLB accepts no liability. LLB also assumes no liability or guarantee for the accuracy, balance and completeness of the information. The content of these documents is subject to change at any time, and LLB is under no obligation to update these documents or to inform recipients of these documents of any changes. All disclosures, in particular price details and information on costs, risks and opportunities, are provided without guarantee. LLB does not provide legal or tax advice in connection with any investment ideas, services or products. It is the responsibility of the clients or interested parties to obtain appropriate advisory services from independent legal or tax advisors. Before making investment decisions or decisions in which tax aspects play a role, please seek advice from qualified personnel. The value of an investment can go up or down. Investments in foreign currencies are also subject to currency fluctuations. The future performance of investments cannot be derived from past price performance. LLB excludes, without limitation, any liability for any loss or damage (whether direct, indirect and consequential) of any kind whatsoever arising out of or in connection with the use of these documents. These documents and their contents are not intended for persons who are subject to a legal system that prohibits the distribution or transfer of these documents or makes them subject to the existence of a corresponding authorization. Persons who come into possession of these documents must inform themselves of any restrictions and comply with them. All rights to the representations used in these documents (images, graphics, etc.) remain with LLB or the respective rights holders. 2025 annual business result 34Media and analyst conference of the LLB Group