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Liechtenstein's oldest bank, providing retail, private and corporate banking plus wealth/asset management services.
Liechtenstein's oldest bank, providing retail, private and corporate banking plus wealth/asset management services.
The Principality of Liechtenstein holds the controlling stake, which anchors it as a state-backed bank. Earns interest on mortgages and loans mainly to clients in Liechtenstein and Switzerland and fees on managing wealth for private clients, including through Swiss and Austrian subsidiaries.
In one line: A small European private/universal bank like a smaller Julius Baer.
Moat: narrow (regulatory licence, brand, scale). Long-established banking licence and reputation in a small, stable jurisdiction with favorable wealth-management regulation.
Headquarters: Vaduz, Liechtenstein · Founded: 1861 · Employees: 1,416
Size Liechtensteinische Landesbank (LLBN.SW) is a Switzerland Financials company (Major Banks) with a market value of $4.40B, the 61st largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 117.40 on 6 Nov 2026.
Performance Over six months the shares gained 23.7%, against +6.4% for the median peer and +11.6% for the Switzerland market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue fell 1.8% over the last twelve months (peer median +12.4%); the operating margin is 28.0% (peer median 36.6%).
Valuation It trades at 1.48× book value against a peer median of 1.04× (6th most expensive of 21).
Credit Liechtensteinische Landesbank has 1 bond outstanding ($244M) and trading like BBB at a weighted spread of 118 bp.
Next results Next results expected around 19 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 1.01B | CHF 1.02B | CHF 1.05B | CHF 966M | CHF 732M |
| Revenue growth | — | -3% | +9% | +32% | — |
| Net income | CHF 180M | CHF 166M | CHF 167M | CHF 165M | CHF 148M |
| Free cash flow | CHF 281M | CHF 132M | CHF 143M | CHF 195M | CHF 143M |
| Capital expenditure | CHF 35.6M | CHF 44.8M | CHF 56.0M | CHF 44.5M | CHF 37.4M |
| Total debt | n/a | CHF 4.39B | CHF 4.19B | CHF 3.56B | CHF 3.88B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Liechtensteinische Landesbank LLBN.SW | $4.40B | +24% | -2% | 8% | 1.48× | n/a |
| Julius Baer Gruppe BAER.SW | $17.1B | +2% | 0% | 16% | 1.89× | 8.8% |
| VP Bank VPBN.SW | $706M | +14% | -10% | 4% | 0.49× | n/a |
| St.Galler Kantonalbank SGKN.SW | $5.22B | +19% | -13% | 8% | 1.37× | n/a |
| Banque Cantonale Vaudoise BCVN.SW | $14.4B | +20% | -8% | 12% | 3.07× | n/a |
| Vontobel VONN.SW | $6.18B | +36% | +11% | 16% | 1.93× | 6.1% |
| EFG International EFGN.SW | $6.26B | -1% | -1% | 13% | 2.16× | 3.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LLBN.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.2% | -1.5% | 6th highest of 21 |
| 6-month return | +23.7% | +6.4% | highest of 21 |
| Return on equity | 7.7% | 10.2% | 6th lowest of 21 |
| Price / book | 1.48× | 1.04× | 6th most expensive of 21 |
| Trailing P/E | 19.9× | 12.3× | 2nd most expensive of 20 |
| ROE delivered | 7.7% | 10.2% | 5th lowest of 19 |
| Bond spread | 118 bp | 198 bp | 2nd tightest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Liechtensteinische Landesbank LLBN.SW | Switzerland | $4.40B | +24% | -2% | 8% | 1.48× | n/a | 7.7% |
| Texas Capital Bancshares TCBI | United States | $4.39B | +1% | +3% | 10% | 1.34× | 9.8% | 10.2% |
| First Financial Bankshares FFIN | United States | $4.36B | -6% | +8% | 16% | 2.38× | 17.0% | 15.9% |
| Banco Macro SA Sponsored ADR BMA | United States | $4.53B | -21% | +4% | 7% | 0.87× | 11.3% | 7.5% |
| Fulton Financial FULT | United States | $4.54B | +11% | +3% | 12% | 1.29× | 10.5% | 11.6% |
| Flagstar Bank, National Association FLG | United States | $4.21B | -26% | -18% | 1% | 0.59× | 7.4% | 1.2% |
| 77 Bank 8341.T | Japan | $4.66B | +7% | +21% | 9% | 0.95× | 5.9% | 9.4% |
| Kyushu Financial 7180.T | Japan | $3.79B | +7% | +15% | 5% | 0.73× | 6.6% | 4.9% |
| Bank of Chongqing 1963.HK | Hong Kong | $5.11B | +1% | +10% | 10% | 0.41× | 4.2% | 9.9% |
| Sparebanken Norge SBNOR.OL | Norway | $3.78B | +8% | +62% | 7% | 0.71× | 6.1% | n/a |
| Daishi Hokuetsu Financial 7327.T | Japan | $3.73B | +9% | +18% | 9% | 0.94× | 6.3% | 8.6% |
| St.Galler Kantonalbank SGKN.SW | Switzerland | $5.22B | +19% | -13% | 8% | 1.37× | n/a | 7.6% |
| Axos Financial AX | United States | $5.26B | +7% | +18% | 17% | 1.60× | 16.5% | 16.7% |
| JB Financial 175330.KS | South Korea | $3.67B | 0% | +9% | 13% | 0.94× | 5.3% | n/a |
| Grupo Aval Acciones y Valores SA Sponsored ADR Pfd AVAL | United States | $5.29B | -5% | +15% | 11% | 0.95× | 7.8% | 10.8% |
| TBC Bank TBCG.L | United Kingdom | $3.64B | +11% | +16% | 24% | 1.40× | 15.7% | 23.8% |
| Nicolet Bankshares NIC | United States | $3.60B | +18% | +46% | 10% | 1.62× | 11.5% | 10.2% |
| Dave DAVE | United States | $3.55B | +9% | +49% | 105% | 17.09× | 291.2% | 104.8% |
| Associated Banc-Corp ASB | United States | $5.64B | +6% | +23% | 10% | 1.07× | 9.3% | 10.2% |
| Community Financial System CBU | United States | $3.39B | +1% | +7% | 12% | 1.67× | 12.5% | 11.8% |
| Yes Bank YESBANK.NS | India | $5.72B | -24% | +5% | 8% | 1.01× | 15.3% | 8.2% |
Liechtensteinische Landesbank has 1 bond outstanding with $244M face value. Weighted yield 1.54%, a spread of 118 bp over government bonds.