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Liechtensteinische Landesbank AG (LLB.S)

LLB.S on Swiss Exchange

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21 Apr 2017
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Thu, Apr 13 2017

BRIEF-Liechtensteinische Landesbank says reaches amicable agreement with German authorities

* Has reached an amicable agreement with German authorities in connection with untaxed assets of German clients. Under agreement, LLB AG will make a one-time payment of 16.7 million euros ($17.75 million)

BRIEF-Liechtensteinische Landesbank FY net interest income up 4.2 pct to CHF 138.1 mln

* Group increased its annual profit in 2016 by 20.4 pct to 103.9 million Swiss francs ($103.11 million)

BRIEF-LLB sees net profit of about 104 mln Swiss francs for 2016

* LLB Group expects a net profit of about 104 million Swiss francs ($103.32 million) (+20 pct) for 2016 business year.

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