The banking sector in Liechtenstein was able to expand its balance sheet total, equity, and managed client assets last year. Additionally, 86 new jobs were created. In contrast, the gains from ordinary business decreased versus the previous year.

According to the main results from the banking statistics for 2019 published by the Office of Statistics (AS), the aggregated balance sheet total for the 14 banks in Liechtenstein was 71.5 billion Swiss francs at the end of 2019. Compared with the previous year, this corresponds to an increase of 6.2 percent. Equity from Liechtenstein’s banking sector rose by 4.0 percent in the same period to 6.8 billion Swiss francs. The workforces of Liechtenstein institutes increased by 86 new places to a total of 2,396 employees in full-time and part-time positions.
Taking foreign subsidiaries into account, Liechtenstein banks managed 349.8 billion Swiss francs worth of client funds at the end of 2019. With this, finance companies were able to record net new money inflows of 20.4 billion Swiss francs in 2019. Taking only the institutes based in Liechtenstein into account, client assets managed amounted to 174.2 billion Swiss francs at the end of 2019. The domestic banking sector took on net new money totaling 0.9 billion Swiss francs. Banking institutes in Liechtenstein achieved an operating pre-tax profit of 345.1 million Swiss francs in 2019 as a result of their business activity excluding special items. Compared with 2018, this corresponds to a decrease of 11.6 percent.

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