National Bank of Liechtenstein

Liechtensteinische Landesbank AG is a bank located in Liechtenstein, based in the capital city Vaduz. Since 1993 it has been listed as a company at the Swiss Stock Exchange (LLBN), with the majority of shares (57.5%) owned by the Liechtenstein state. As the state is in a customs and monetary union with Switzerland and has adopted the Swiss franc as official currency, the monetary policy and money supply is the sole responsibility of the Swiss National Bank (SNB).

National Bank of Liechtenstein
Liechtensteinische Landesbank


Headquarters
Headquarters
HeadquartersVaduz
Established1861
ChairmanGeorg Wohlwend
Central bank ofLiechtenstein
CurrencySwiss franc
CHF (ISO 4217)
Websitewww.llb.li
Liechtensteinische Landesbank AG
TypeAktiengesellschaft
SIX: LLBN
IndustryBanking
Founded1861 (1861)
HeadquartersVaduz, Liechtenstein
Area served
Liechtenstein and Switzerland
RevenueSFr 503,191,000 (2022)
Number of employees
1055 (2021)
Websitewww.lib.li

Tasks

Due to Liechtenstein's signed valuta union agreement with Switzerland and its adoption of the Swiss franc as its official currency, the Swiss National Bank performs most duties in administration of macro finance, currency and credit of banks. The National Bank of Liechtenstein however is responsible for the following three tasks:

  1. "To be secretariat for the Government in the administration of macro finance, currency, credit of Banks within the country."
  2. "To promote and maintain stability of price within the country; strengthen the efficiency of payments mechanism."
  3. "To promote and facilitate control on the flows of money to serve the socio-economic development plan of the Liechtenstein."

Directors (Group Chief Executive Officer)
  • Eduard Batliner, 1928–1967[1]
  • Josef Hilti, 1967–1971[1]
  • Werner Strub, 1971–1979[1]
  • Karlheinz Heeb, 1979–1996[1]
  • René Kästli, 1996–1999[1]
  • Josef Fehr, 2000-2012[1]
  • Roland Matt, 2012-[2]

General Meeting of Shareholders

Since 1993 the National bank of Liechtenstein has been listed as a company at the Swiss Stock Exchange, with the majority of shares (57.5%) owned by the Liechtenstein state.[3]

See also

References
  1. Im Wandel beständig 1861 – 2011 by Liechtensteinische Landesbank – Issuu
  2. Gruppenleitung – Liechtensteinische Landesbank – Geschäftsbericht 2019
  3. "About us: Our company at a glance". Liechtensteinische Landesbank. Archived from the original on 8 May 2013. Retrieved 26 January 2013.
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