LGT has published successful annual results. In 2015, the bank increased its group profit by 28 per cent and reported 7 per cent growth in net asset inflows.
LGT's group profit reached CHF 211 million, while its net asset inflows totalled CHF 8.8 billion, according to a press release. Private Banking and Asset Management both contributed to these successful figures. Despite negative currency effects, assets under management grew by 2.7 per cent to CHF 132.2 billion. Meanwhile, LGT increased its total operating income by 14 per cent to CHF 1149.3 million. Also performing well, net interest income rose by 25 per cent to CHF 115.3 million, income from commission and services by 12 per cent and income from trading activities by 16 per cent. As at 31st December 2015, LGT's core capital ratio amounted to 20.1 per cent.
Since the start of 2011, LGT has acquired a total of around CHF 40 billion in net new assets and increased its assets under management by 50 per cent to CHF 132.2 billion, writes the press release. The bank claims to have continuously enhanced its service offering in the Private Banking and Asset Management sectors. The press release cites LGT's stable ownership structure as a decisive factor in its success.
LGT is optimistic about its business outlook. Speaking in the press release, LGT CEO H.S.H. Prince Max von und zu Liechtenstein, said: "We will continue on this path, and therefore offer our clients and employees a high degree of stability, which is of immense value, particularly in this challenging environment."