The Liechtensteinische Landesbank (Österreich) AG is a 100 % subsidiary of the Liechtensteinische Landesbank AG in Vaduz and independent banking institution to Austria law. Liechtensteinishe Landesbank was established in 1861 in Liechtenstein, currently has its branches in Austria, Switzerland and United Arab Emirates (Abu Dhabi and Dubai).
The State of Lieachtenstein (AAA rating by Standard & Poor’s) is the main shareholder of the bank, holding 57,5% of shares, group performance is CHF 72,6 million with CHF 50,2 billion of customer assets, Tier 1 ration 18,3 per cent and shareholders’ equity of CHF 1,8 billion. The LLB Group increased its annual profit in 2015 by 19.7% to CHF 86.3 million. With the StepUp2020 strategy, the focus over the next five years will be on sustainably profitable growth.
LLB bank has an outstanding overall rank in the Fuchsbriefe Test and ranked 10 out of 84 banks tested, belongs to top 3 banking institutions in Austria with the category “absolutely recommendable asset manager in the German speaking countries”.
WHAT LIECHTENSTEINISHE LANDESBANK (ÖSTERREICH) AG OFFERS:
LLB (Österreich) AG has created a unique and pioneering pricing model for investments with retrocession-free asset management and investment advice that started in 1 April 2015.
As part of the new pricing structure, the bank waived retrocession fees on its own funds as well as those of third parties, therefore clients of the bank benefit from more transparency, a highly simplified fee structure and significant reductions in overall costs for all of clients’ LLB funds.
- Current accounts for individuals and legal entities
- Numbered accounts
- Master or Visa Credit/Debit Cards
- View only Internet Banking (view only)
- Multilingual customer support
- Asset Management
- Investment & strategy advice
- Investment Advisory Services
- Financial planning
- Portfolio management (execution only)
- Settlement platform for external asset managers
- Fund services
- Stock and foreign exchange trading
- Mortgage and Lombard loans
- Multi family office
- Transfer of residence
- Consulting for foundations
- Consolidated portfolio analysis and reporting system
The approximate timeframe for account allocation is 7 to 14 business days upon receipt of the required documentation by the bank and a face-to-face meeting.
BANK TARIFFS AND CHARGES
LLB (Österreich) AG can be considered as a medium-cost bank with respect to account maintenance and bank transfers. LLB (Österreich) AG charge 0,25% of the amount (min. EUR 15) for outgoing payments. There are no fees for incoming transfers. The account maintenance cost is EUR 50 per quarter.
- PLEASE NOTE that bank tariffs may be changed anytime at the sole discretion of the bank, we therefore suggest to contact us or visit the bank’s website for updated details on specific fees and charges.
- Agent Legal professional service fee for the assistance of bank account opening does not include any bank charges and commissions, account maintenance fees, transaction fees, initial deposit or minimum balance.