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LLB review

Liechtensteinische Landesbank Aktiengesellschaft

Four stars: a clean ten-year record, protected deposits and a desk for external managers.

Booking centreLiechtenstein
RegulatorFMA Liechtenstein
Legal formLicence holder
GroupLLB Group
Founded1861
Websitellb.li
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PPLI.com
Private Bank Rating
4 out of 5 stars
Editorial assessment on UHNW criteria
Reviewed 6 November 2026 · Q4 2026 edition
Updated every quarter
Rating signed byNoam CohenEditor, Bank Intelligence
About the rating
4 out of 5, Q4 2026 edition
price level of published fees
Noneno decision naming this licence holder in ten years
Not publishedminimum relationship
The editor's opinion

Why LLB has four stars

LLB earns four stars. No final adverse finding against this licence holder in ten years of regulatory and court records. What a family should weigh: statutory segregation of custody assets is only partial in the booking centre. Still to be confirmed: the services offered here. Until it is on file, the rating cannot count it.

Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026, Q4 2026 edition. The rating weighs the public record together with what clients and their advisers tell us in confidence; retail products, branches and apps play no part.

Where LLB stands out

  • No final adverse finding against this licence holder in ten years of regulatory and court records.
  • Deposits are covered by a statutory protection scheme.
  • The custody terms are public and address most of what a family needs to know.
  • A dedicated desk serves external asset managers and family offices.
  • Most fees are published.

What to weigh

  • Statutory segregation of custody assets is only partial in the booking centre.
  • An owner's home jurisdiction carries a mixed official assessment against money laundering.
  • The bank does not publish which services this booking centre offers.

The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice.

The record

Regulatory and legal record

What regulators, prosecutors and courts have decided, recorded against the legal entity they named, with the status, the amounts as published and a link to the original document. Claims and investigations still under way are marked as open.

We found no regulatory, criminal or court decision naming this licence holder in the last ten years, in the sources listed below.
Matters concerning other entities in the group (1)
20224 October 2022

Penal order for incomplete suitability reporting and cost breakdowns owed to portfolio management clients

FMA Austria fined Liechtensteinische Landesbank (Österreich) AG, the Austrian subsidiary of Liechtensteinische Landesbank Aktiengesellschaft, EUR 60,000 by a final penal order announced on 4 October 2022. In individual portfolio management the subsidiary's reporting connected to suitability statements and its cost breakdowns owed to clients were incomplete, and the order was issued by accelerated conclusion of proceedings.

Shown for context only: the decision concerns Liechtensteinische Landesbank (Österreich) AG, not Liechtensteinische Landesbank Aktiengesellschaft, and does not count towards this rating.

FMA Austria (Finanzmarktaufsicht)Final decisionPenalty EUR 60,000Primary source
Clients and standing

Client experience and financial standing

What clients meet at LLB, read from complaint registers, ombudsman decisions and court records, independent reporting and what clients and their advisers tell PPLI.com in confidence. Announcements by the bank, awards and marketing material are left out.

UHNW client ratings

3.0 out of 5, based on one client rating for this booking centre.

What clients report

The bank's own Trustpilot profile scores 2.1 out of 5 from 22 reviews, split between 63% one-star and 27% five-star, with three reviews in the last 12 months and no replies from the bank to negative reviews. The one client-treatment finding in the group concerns the Austrian subsidiary, fined EUR 60,000 in 2022 for incomplete suitability reporting and cost breakdowns owed to clients.

Worth raising with the bank

  • Ask whether the reporting and cost-disclosure failings that FMA Austria fined at the Austrian subsidiary in October 2022 were also checked in the bank's own portfolio management mandates in Vaduz.

Financial standing

Credit ratings published by the agencies, dated by the latest agency or bank document that confirms them
AgencyRatingOutlookAs ofRated company
Moody'sAa3 (issuer), Aa1 (bank deposits)StableApril 2026Liechtensteinische Landesbank AG

In the press

  • Finews

    Liechtenstein Bank to Reinstate Ex-Chairman

    The Liechtenstein prosecutor dropped an insider-trading probe into former chairman Georg Wohlwend without charges, and the bank proposed his return as chairman.

  • Finews

    Liechtenstein Bank Chairman Steps Down Suddenly

    Chairman Georg Wohlwend resigned with immediate effect after becoming subject of a criminal investigation unrelated to his work at the bank, and deputy Gabriela Nagel-Jungo took over.

What it costs

What LLB charges, compared

LLB publishes its fees. The figures below are its list prices, read on 6 November 2026 from the document linked at the foot of this section. To compare banks fairly we put every published fee in US dollars at the same indicative rates and apply it to the same reference amounts, then rate each fee against the average of the other banks that publish it. Five stars is the lowest fee, one star the highest. Terms a family actually negotiates are often different, and the bank can change its schedule at any time.

The reference relationship, at LLB's list prices
USD 139,062 a year
56 basis points for custody and a discretionary mandate (custody USD 32,812, discretionary mandate USD 106,250)
against 22 other banks on custody and mandate fees
Price level of the published fees6 fees compared with the other banks that publish them
FeeLLBOther banksAgainst the others
Custody and safekeepingeffective rate on USD 25 million0.26% a year0.28% at USD 10m, 0.23% at USD 50m; stated as a maximum Source0.30% a yearaverage of 38 other banksbelow the average
Discretionary mandateeffective rate on USD 12.5 million, balanced profile0.85% a year0.85% at USD 10m, 0.70% at USD 50m; all-in fee Source1.25% a yearaverage of 25 other banksamong the lowest
Equity tradecommission on a USD 250,000 trade, major exchange0.80%stated as a maximum Source0.80%average of 47 other banksaround the average
Bond tradecommission on a USD 500,000 trade0.35%stated as a maximum Source0.96%average of 42 other banksamong the lowest
Third party fund subscriptionfee on a USD 250,000 subscription1.65%stated as a maximum Source1.37%average of 42 other banksabove the average
Transfer of securities to another bankper positionUSD 188CHF 150 SourceUSD 124average of 38 other banksamong the most expensive

Not in the published schedule: advisory mandate, currency conversion, account maintenance, minimum annual fee, outgoing international transfer, closing the account, lombard loan margin.

Sources.

  1. Schedule of fees for investment transactions, Liechtensteinische Landesbank AG, published 1 January 2026, read on 6 November 2026. Applies to clients with their account at the head office in Vaduz or a Liechtenstein branch

How the comparison works: USD 25 million booked with the bank: half under a discretionary balanced mandate, half in custody with advice; 24 equity trades of USD 250,000 and 8 bond trades of USD 500,000 a year; 6 currency conversions of USD 1 million; 24 outgoing international transfers. Tiered fees are applied to those amounts tranche by tranche, stated minimums are applied, and amounts are converted at indicative rates of 2026-11-06. Read how we compare fees.

The bank at a glance

Identity, protection and services

Legal identity

Legal nameLiechtensteinische Landesbank Aktiengesellschaft
LEI529900OE1FOAM50XLP72
LicenceBank ('operates as a full-service bank and conducts banking transactions of all kinds'); FMA supervised  Source
RegulatorFMA Liechtenstein
Legal formLicence holder
OwnerPrincipality of Liechtenstein (majority shareholder); remainder free float on SIX  Source

Ownership

Group parentLiechtensteinische Landesbank Aktiengesellschaft (listed, SIX)  Source
ControlLand Liechtenstein (Principality of Liechtenstein), 56.3%; state owned  Source (31 December 2025)
Holder of 10% or moreLand Liechtenstein, 56.3% in Liechtensteinische Landesbank Aktiengesellschaft  Source (31 December 2025)
Disclosed holdings of 3% or moreHaselsteiner Familien-Privatstiftung and grosso Holding Gesellschaft mbH (shareholder group, voting jointly) 5.9%  Source (31 December 2025); UBS Fund Management (Switzerland) AG 3.0%  Source (31 December 2025)

Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.

Financial strength, as reported

Credit ratingsMoody's Aa3 (issuer), Aa1 (bank deposits)
Tier 1 ratio = CET1 ratio19.0% (31 Dec 2025)  Source
Assets under managementCHF 108,861 million (business volume CHF 125,875 million) (31 Dec 2025)  Source

Services published for this booking unit

Private clients
Discretionary management
Advisory mandates
Custody only (execution and safekeeping)
Lombard lending
Mortgage lending
Multi currency accounts
Trust and fiduciary services
Family office services
Wealth planning
Consolidated reporting
External asset manager desk

Offered at this booking centreOffered by the group, not confirmed hereNot located, which does not mean unavailable
Checked on the bank's own pages, 2 November 2026.

Access and costs

Minimum relationshipNot published
Product minimumProduct minimum: CHF 250,000 (from an amount of just CHF 250'000)  Source
US personsNot published
Fee schedulePublished, published 1 January 2026  Source  Compared below
Third party paymentsPublished  Source
Transfer out termsPublished  Source

Protection of client assets

Deposit protectionLiechtenstein banks are members of EAS Liechtenstein: CHF 100,000 per person, consolidated across accounts at the bank.
Custody lawBanking Act Art. 12 restricts the re-pledging of client securities; segregation of client securities in a bank's bankruptcy rests on general property and insolvency law (right of separation), not on a bank specific custody article located in the Act.
Custody termsPublished  Source

Before opening an account

  • Moving the portfolio. Use the published transfer terms as a starting point. Ask the bank to flag positions in your portfolio that would require consent, manual handling or a sale, and to quote the charges separately.
  • Reporting to the family office. The bank lists a desk for external asset managers. Ask for a sample statement or data export and confirm whether it includes positions, transactions, accrued income and all currencies held.
  • Exit costs. The fee comparison shows USD 188 per position for a securities transfer. Ask what rate would apply to your mandate and whether the receiving bank or a sub-custodian would charge separately. See published fees.
Your experience

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If you bank with LLB or advise clients who do, your experience forms part of its PPLI.com rating. Every response is read by the editor and treated in strict confidence.

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Our commitment to confidentiality

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Sources

All 16 documents cited on this page, by subject.

Regulatory and legal record

  1. FMA Austria (Finanzmarktaufsicht): Penal order for incomplete suitability reporting and cost breakdowns owed to portfolio management clients, 4 October 2022fma.gv.at

Client experience and press

  1. Finews: Liechtenstein Bank to Reinstate Ex-Chairman, 22 December 2020finews.com
  2. Finews: Liechtenstein Bank Chairman Steps Down Suddenly, 4 November 2020finews.com

Fees

  1. LLB: Llbpreisuebersichtanlagewertschriften (PDF)llb.li · Fees

Identity, ownership, finances and services

  1. LLB: Imprintllb.li · Licence
  2. LLB: Group structure and shareholdersreports.llb.li · Owner
  3. LLB GB25 Corporate Governance Bericht (PDF)reports.llb.li · Group parent
  4. LLB: Key figuresreports.llb.li · Tier 1 ratio = CET1 ratio
  5. LLB: Asset managementllb.li · Services
  6. LLB: Investment advicellb.li · Services
  7. LLB: Lombard loanllb.li · Services
  8. LLB: Mortgagesllb.li · Services
  9. LLB: Solid protectionllb.li · Services
  10. LLB: Overviewllb.li · Services
  11. LLB: Bestimmungengeschaeftsverkehr2026 (PDF)llb.li · Third party payments

The bank

  1. LLB, websitellb.li

For LLB

Before we publish a significant negative finding that is not already public, we give the bank the facts and time to comment, on the same timetable for every bank. Decisions of regulators and courts are shown as they were published. Corrections we verify are published with the date of the change. Write to [email protected] quoting reference BK-LI-LLB-4786A9.

Reviewing this file with us

Families and their advisers read this file before they open an account. It can only be as complete as the documents we can find, and much of what sets a private bank apart, from its custody terms to the way a client team works, is rarely published.

If you represent LLB, one of our Bank Intelligence analysts can go through the file with you: correct anything that is out of date, add terms and documents that are not yet public, and set out what has improved since our last edition. The review is a paid engagement for the analyst's time and research.

The rating itself stays with our editor and follows what the documents show, so we cannot promise a particular result. When a review changes the file, this page notes that the bank took part, with the date and what was added.

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About this file

Researched by the PPLI.com research desk from the public sources listed. The rating is our editorial opinion; read how we rate.

Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Rating signed by Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026Methodology 2.4Reference BK-LI-LLB-4786A9
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