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.