The best banks of Liechtenstein have some of the highest capitalization in the world.
Their average equity ratio is somewhere around 15%, and they did not need any kind of financial assistance from the government despite the severity of the recession.
Because financial services account for around 25 percent of the nation’s total gross value added, the banking sector in Liechtenstein is often regarded as one of the most important economic sectors in the country.
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Financial Services In Liechtenstein Banks
There are three primary factors that contribute to Liechtenstein’s robust financial services sector.
First and foremost, there has been political stability in Liechtenstein, which has fostered the expansion and success of the country’s banking and financial services sectors.
Second, there is a reliable currency used in Liechtenstein, and that currency is the Swiss franc.
At long last, the nation has achieved a level of legal certainty that makes it possible for the banking and financial services sectors to operate in peace.
Here are the best banks in Liechtenstein.
10 Best Banks In Liechtenstein
1. LGT Bank
Overview
The entrepreneurial family that runs LGT is the business’s sole owner, making it the biggest private banking and asset management organization in the world. LGT Bank is one of the best wealth management banks in Liechtenstein.
Over the course of the last nine decades, the Princely Family of Liechtenstein has been in charge of LGT, giving them a wealth of knowledge in the administration of family holdings. The LGT team has a very long-term perspective while formulating it’s business and investing plans.
Wealth, in LGT’s view, should not be seen as an aim in itself but rather as a method of producing social and cultural value additions.
As a prosperous company, they believe it is their responsibility, across all of their locations, to make their own individual contribution to the creation of a society that is desirable to live in.
The headquarters of LGT are located in Vaduz, which is located in Liechtenstein, and Zurich, which is located in Switzerland.
There are 3,405 workers working for the organization across more than 20 offices in different regions of the world, including Australia, Asia, the Middle East, Europe, and North America.
Banking Products and Services
Private banking and asset management make up the key focuses of this financial institution.
The following are the several divisions that LGT operates:
- Private Banking: Wealth management services are offered to private customers by LGT Private Banking.
- Alternative Asset Management: A manager of alternative investments, LGT Capital Partners has invested almost $60 billion in private equity, hedge funds, and investment funds.
- Philanthropy and Impact Investing: Through its subsidiaries LGT Impact and LGT Venture Philanthropy Foundation, LGT makes investments in social businesses like M-kopa.
Bank Asset
In terms of the overall assets that have been acquired, this is the most important bank in Liechtenstein.
According to the information from 2015, it was discovered that this bank had a total asset acquisition of 29,108.20 million Swiss Francs (CHF).
As a direct consequence of this, the market share is quite high—approximately 46.61%. The yearly profit for LGT bank in 2015 was 112.30 million Swiss Francs (CHF).
The firm has been involved in a number of high-value deals and has completed multiple acquisitions. In 2009, it bought the Swiss branch of Dresdner Bank from Commerzbank.
Subsequently, in 2015, it bought assets worth more than $12 billion from HSBC Private. Finally, in 2017, it bought the Dutch multinational ABN AMRO Asia Private, which had $20 billion in assets.
As a result of LGT’s acquisition of ABN AMRO, the company currently manages a greater amount of assets in Asia than it does in Europe.
2. Liechtensteinische Landesbank AG (LLB)
Background
The oldest financial institution in the Principality of Liechtenstein is Liechtensteinische Landesbank AG (LLB), which has been around for 160 years.
In the nation of Liechtenstein, in the city of Vaduz, lies the Liechtensteinische Landesbank AG.
The bulk of its shares (57.5%) are held by the Liechtenstein state, and it has been traded as a business since 1993 on the Swiss Stock Exchange (LLBN). You can actually buy US stocks from Liechtenstein.
The Swiss National Bank (SNB) is solely in charge of the country’s monetary policy and money supply due to the country’s customs and monetary union with Switzerland and adoption of the Swiss franc as its official currency.
LLB has offices with more over a thousand staff members in Liechtenstein, Austria, Switzerland, and the United Arab Emirates (Dubai and Abu Dhabi).
This company has around 503 staff members. Vaduz serves as the location of the organization’s main office.
Read the full review of Liechtensteinische Landesbank AG.
Banking Products and Services
As a universal bank, it provides complete wealth management services to its customers in the areas of private banking, asset management, and fund services.
Bank Asset
In terms of the overall assets that it has accumulated, this financial institution is in second place among the best banks in Liechtenstein. This bank was established in the year 1861, making it about 157 years old now.
The entire assets that LLB purchased in 2015 came to a value of 14223.20 million Swiss Francs (CHF). The market share was likewise quite respectable, coming in at around 22.78%.
A total of 77.60 million Swiss Francs was brought in as yearly profit during the same year. This financial institution has a significant emphasis on private banking, corporate banking, and retail banking services.
3. VP Bank AG
Background
Private people and financial intermediaries may take advantage of the individualized asset management solutions that VP Bank, a globally engaged private bank, has to offer.
One of the most significant financial institutions in the Liechtenstein financial center is VP Bank.
VP Bank Group includes subsidiary firms in five more places across the globe, including Luxembourg, Switzerland, Singapore, the British Virgin Islands, and Hong Kong.
The parent company is located in the Principality of Liechtenstein, and its main office is there as well. Vaduz serves as the location of the company’s headquarters.
The bank employs 990 employees. The exceptional international know-how of the client advisors is supported by a worldwide network of relationships.
The financial services industry is known as a “people business” because the skills and dedication of an organization’s workforce are two of the most important aspects in determining that firm’s level of success in the marketplace.
Banking Products and Services
The management of assets and the provision of investment consulting services to individual customers are the two key focuses of this financial institution.
Bank Asset
This financial institution has the third-largest total assets among the best banks in Liechtenstein. This bank first opened its doors in 1956, making it approximately 61 years old now.
In the year 2015, VP Bank AG was able to purchase a total of assets worth 11083.10 million Swiss Francs (CHF).
The market share was pretty satisfactory, coming in at around 17.75%. In the same year, the yearly profit amounted to 41.20 million Swiss Francs.
4. Valartis Bank
Overview
Based on the value of their total assets, this is the fourth biggest bank among the best banks in Liechtenstein. Only nineteen years have passed since the founding of Valartis Bank in the year 1998.
This bank brought in a total of 1,671.00 million Swiss Francs worth of assets during the calendar year 2015. In the same year, this banking institution had a 2.68% share of the market. In 2015, the yearly earnings amounted to 6,000,000,000 Swiss Francs (CHF).
This bank employs close to 89 individuals total. Over twenty different tongues are represented on the staff working at the bank.
The primary focuses of this financial institution are personalized banking and asset management. Gamprin-Bendern is the location of the company’s headquarters.
5. Banque Havilland (Liechtenstein) AG
Overview
In terms of the overall assets that it has accumulated, this is the fifth best bank.
After purchasing a portion of Banque Pasche (Liechtenstein) AG, it was not until 2014 that the company’s inception was officially announced. Vaduz serves as the location of its headquarters.
Banque Havilland S.A. is a private financial institution with its headquarters in Luxembourg. In 2009, Banque Havilland was awarded a banking license in the Grand Duchy of Luxembourg.
David Rowland and his son Jonathan were successful in accomplishing this goal via the use of their investment firm, Blackfish Capital, to acquire the excellent bank of the defunct Kaupthing Bank Luxembourg.
The failing bank was rebranded as Pillar Securitisation, and Havilland took on the role of administrator for the new company.
Through the acquisition of Dexia Private Bank S.A.M. from Dexia Banque Internationale à Luxembourg in 2012, the company established its first overseas entity in Monaco.
A year later, in 2014, it opened a branch in London and bought 100% of shares in Pasche Bank & Trust Limited and a majority position in Banque Pasche (Liechtenstein) AG, constituting two new subsidiaries of Banque Havilland (Liechtenstein) AG. Both of these transactions took place in 2013.
In 2016, Banque Havilland completed the acquisition of Banque Pasche S.A. in Switzerland, which paved the way for the company to begin operations in Switzerland, namely in Zurich.
Additionally, the bank expanded its services to institutional customers by purchasing Banco Popolare Luxembourg S.A. from Banco Popolare. This move allowed the bank to better serve its existing customer base.
The six locations of Banque Havilland’s offices are Liechtenstein, Luxembourg, Monaco, the United Arab Emirates, the United Kingdom, and Switzerland.
Banking Products and Services
This bank has a primary emphasis on asset management as its primary function.
The Rowland family owns it, and it offers institutions and individual customers services in wealth and asset management, private banking, and fund management.
Bank Assets
In 2015, this bank brought in a total of 1,509.00 million Swiss Francs worth of assets to its portfolio.
In the same year, this banking institution had a 2.42% share of the market. In 2015, the yearly profit amounted to 2.70 million Swiss Francs (CHF). Approximately 151 people are employed here.
6. Bank Frick & Co. AG
Background
Liechtenstein’s Bank Frick is an innovative financial institution that caters to professional customers and financial intermediaries largely located in Switzerland, Liechtenstein, or the European single market.
Bank Frick specializes in providing banking services for these customers.
The bank is operated by a family, so it maintains a focus on the long term and has simplified its internal processes, which enables it to make trustworthy judgments swiftly and ensures that its customers are constantly aware of their current situation.
Even though Bank Frick is very computerized, human touch with its clients is very important to it.
The financial technology companies, asset managers, payment service providers, family offices, fund promoters, pension funds, and fiduciaries would all get help and advice from the bank, according to their pledge.
Banking Products and Services
Bank Frick is a financial institution that specialized in providing banking services to various types of intermediaries.
These intermediaries include asset managers, fintech companies, payment service providers, family offices, fund promoters, fiduciaries, and pension funds.
For the convenience of its customers, the bank provides a comprehensive package of financial services that includes both traditional banking and blockchain banking.
Traditional banking services provided by Bank Frick include the creation of national and European fund solutions. In addition to its custodian role, the bank designs and creates specialized financial solutions for capital market intermediaries.
Bank Frick was one of the first banks in Europe to offer controlled blockchain banking services. It offers trading and custodial services for crypto assets, helps with token sales, and makes special crypto organizing solutions for middlemen.
Bank of Liechtenstein is the only Liechtenstein bank authorized by Visa and MasterCard to handle card payments on their behalf for payment service providers and their online merchants anywhere in the world.
In 2019, Bank Frick founded two spin-off companies to separately provide innovative services to consumers.
The DLT Markets AG provides institutional investors with specialized access to digital assets, while Distributed Ventures AG acts as an incubator and accelerator for fintech and blockchain start-ups.
The next year, the bank bought Tradico AG, a fintech firm that focuses on trade finance for small and medium-sized enterprises.
Bank Assets
This bank is located in the principality of Liechtenstein and was established just 19 years ago, in the year 1998.
This bank is ranked sixth among the best banks in Liechtenstein in terms of the total assets that it has acquired. Bank Frick & Co. AG was able to buy a total of 1,330.00 million Swiss Francs worth of assets in the year 2015.
During the same time period, the market share was 2.29%. In 2015, the yearly profit amounted to 1.80 million Swiss Francs (CHF). There are around 45 individuals employed here.
The administration of wealth and the management of investments in real estate are its primary concerns. Balzers is the location of the company’s headquarters.
7. Neue Bank AG
Overview
Since 1992, the private bank in Liechtenstein has been forging its own unique way forward as an independent financial organization.
It is proficient in supplying the complete range of services that are given by a traditional private bank, but it has also defined and broadened what it means to be a private bank in a new approach that places an emphasis on the best interests of its customers.
The bank’s first concern is always the wealth of its customers and how best to administer, plan, invest, and expand it. The bank, which goes by the name Neue Bank, sets itself apart from its competitors by providing true personal service.
It does this by providing clients with complete services and a level of support that is customized to the particular requirements of each customer.
The bank focuses a significant amount of importance on efficiency and long-term viability in all aspects of its operations, from the structure of the bank to the investments its customers make.
Every day, at its site in Vaduz, a team of more than 80 people works together to address the monetary issues of the company’s customers.
Even though the members of the team each have their own unique personalities, they are all on the same page when it comes to their level of professionalism, expertise, and quality of service.
Bank’s Corporate Responsibility
The private bank is willing to accept responsibility not just for the assets of its customers but also for the influence the bank has on society, its workers, the environment, and future generations.
Since the company was founded in 1992, Neue Bank has made ethical and environmentally responsible business practices a central tenet of its mission statement.
The bank sees corporate responsibility as more than simply a phrase; rather, it is a guiding philosophy that penetrates all element of its operations and serves as the foundation for all of its business decisions.
This involves practicing ethical management of assets, demonstrating a social commitment to fostering the development of youthful talent, and offering contemporary working conditions.
Neue Bank is an enterprising private bank that places a high priority on stability and steady, healthy expansion, with a primary emphasis on safety and long-term viability.
The bank is very conscious of its social duty and weighs the potential outcomes of its activities very carefully. As a result, it follows a thorough set of compliance guidelines and fulfills all legal obligations.
The establishment of a sustainability committee within the bank serves as additional evidence of the institution’s dedication to environmental protection.
In its principal lines of business, the bank adheres to an investment strategy that is marked by a strong awareness of risk and places an emphasis on both the preservation of capital and an adequate return on the assets that have been entrusted to it.
It is possible to avoid potential conflicts of interest by maintaining the bank’s independence and abstaining from selling any of the bank’s own goods.
Bank Assets
This financial institution now holds seventh place among the best banks in Liechtenstein in terms of the total assets it has amassed.
In 2015, a total of 1178.80 million Swiss Francs was spent on the acquisition of assets.
In the same year, the annual profit was 7.60 million Swiss Francs. In 2015, the company had a market share of 1.89%.
8. Volksbank AG
Background and Banking Services
This bank is located in the principality of Liechtenstein and was established just 19 years ago, in the year 1998.
There are around 45 individuals employed here.
The administration of wealth and the management of investments in real estate are its primary concerns. Balzers is the location of the company’s headquarters.
Bank Asset
This bank is ranked eighth among the best banks in Liechtenstein in terms of the total assets that it has acquired. Bank Frick & Co. AG was able to buy a total of 1,330.00 million Swiss Francs worth of assets in the year 2015.
During the same time period, the market share was 2.29%. In 2015, the yearly profit amounted to 1.80 million Swiss Francs (CHF).
9. Kaiser Partner Privatbank AG
Background
Since its establishment in 1931, which puts its age at around 92 years, in both Liechtenstein and Switzerland, the wealth advisory firm known as Kaiser Partner has been run by the same family throughout its entire history.
The business is aware that wealth is more than a simple accumulation of possessions; rather, it is an intricate web of aspirations and feelings.
The beginning of Kaiser Partner’s history can be traced back to 1931. Since that time, the company has assisted business owners and families in maintaining their wealth despite adverse economic conditions like nationalization and hyperinflation.
They are equipped to foresee and find solutions to the issues that wealth owners encounter as a result of their experience and success in passing wealth down from one generation to the next, which serves as a source of inspiration for them.
In the latter part of the 21st century, Kaiser Partner was an integral part of the effort to increase openness in wealth planning in both Liechtenstein and the United Kingdom.
Their efforts made it possible for families and business owners all over the globe to comply with a legal and regulatory environment that was becoming more complicated.
The company is still dedicated to its long-term view despite the fact that it now conducts its operations from two of the most secure countries in the world.
They have been in business for close to 90 years, and they are quite proud of the fact that they have remained a family-owned business.
Banking Products and Services
For the purpose of assisting business owners and families in the administration of their wealth, they provide fiduciary, consulting, and reporting services.
Those who are rich and in need of trust might benefit from their fiduciary services, which provide consistency and expertise.
Kaiser Partner is able to provide a degree of assurance that is unmatched by the majority of its competitors since it is a long-standing family firm that operates from two of the most secure countries in the world.
Individuals are given top priority within the company’s wealth advice services.
When assisting clients in managing the complexities of wealth management, the advisors at Kaiser Partner combine world-class technical expertise with good judgment and empathy for their clients.
Their reporting services are run on a cutting-edge platform that can link to third-party service providers as well as financial institutions.
The platform that Kaiser Partner uses to maintain the safety of their communications and the information they collect from customers is undergoing constant development.
They are able to deliver individualized reports as a result of the efficacy of the platform and its capacity to carry out rigorous procedures.
Bank Assets
This bank occupies the ninth spot in the list of best banks in Liechtenstein in terms of the total assets that were purchased.
In the year 2015, Kaiser Partner was able to obtain a total asset value of 499.30 million Swiss Francs (CHF). In the same year, the company had a 0.80% share of the market.
During the same year, Kaiser Partner recorded an annual profit of 2.10 million Swiss Francs. Private banking and wealth management are where Kaiser Partner places its primary emphasis.
10. Raiffeisen Privatbank Liechtenstein AG
Overview
Since its establishment in 1998, Raiffeisen Privatbank Liechtenstein has been able to effectively position itself as a trustworthy partner for rich individual customers as well as intermediaries.
There are around 28 persons employed here. This financial institution’s main office may be found in Vaduz, Switzerland.
Banking Products and Services
Individualized approaches to wealth management were among the services that Raiffeisen Privatbank Liechtenstein created.
Customers are able to reap the benefits of the bank’s cross-border advising services since the bank is a professional wealth manager with a vast network of worldwide ties.
The acquisition of Raiffeisen Privatbank Liechtenstein by Mason organization, a corporate organization that is listed on the Hong Kong stock market, took place in 2019, and the business continues to operate under the name Mason Privatbank Liechtenstein AG.
Asset management and wealth administration are the primary focuses of Mason Privatbank Liechtenstein AG. Mason Privatbank Liechtenstein AG has been operating on a voluntary liquidation plan since the 15th of March, 2021.
Bank Assets
In terms of the overall assets it has amassed, this bank ranks as the tenth biggest among the best banks in Liechtenstein.
The total assets that were bought by Raiffeisen Privatbank Liechtenstein AG in the year 2015 amounted to 304.50 million Swiss Francs (CHF).
During the same year, this bank had a proportion of the market that was 0.49%. In addition, the yearly profit of this bank in the same year was one million Swiss francs (CHF).
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