Business segment result
Retail & Corporate Banking
2'329'553
Transactions were made by the almost 36’000 LLB mobile and online banking clients in 2018. That is almost 40 per cent more than five years ago.
Interest differential business, which comprises the largest part of earnings in private and corporate banking, developed positively. The pressure on margins in deposits and mortgage business was more than compensated for by growth in lending business. In the reporting period value allowances for credit loss expense were released. In spite of the investments made in the branch and distribution network, operating expenses remained stable. The business volume rose by 2 per cent to CHF 19.1 billion. Loans to customers in line with LLB’s risk conscious policy expanded by 3.7 per cent. The segment posted new money inflows from private and corporate clients in the home markets of Switzerland and Liechtenstein.
Download |
in CHF thousands |
2018 |
2017 |
+/− % |
|||
---|---|---|---|---|---|---|
Net interest income |
90'317 |
87'439 |
3.3 |
|||
Expected credit losses |
6'931 |
833 |
732.0 |
|||
Net interest income after expected credit losses |
97'248 |
88'271 |
10.2 |
|||
Net fee and commission income |
29'729 |
30'210 |
–1.6 |
|||
Net trading income |
11'383 |
11'441 |
–0.5 |
|||
Other income |
1'783 |
1'622 |
9.9 |
|||
Total operating income |
140'143 |
131'545 |
6.5 |
|||
Personnel expenses |
–30'458 |
–29'886 |
1.9 |
|||
General and administrative expenses |
–1'607 |
–3'544 |
–54.6 |
|||
Depreciation and amortisation |
0 |
–40 |
–100.0 |
|||
Services (from) / to segments |
–50'127 |
–49'117 |
2.1 |
|||
Total operating expenses |
–82'192 |
–82'587 |
–0.5 |
|||
Segment profit before tax |
57'951 |
48'957 |
18.4 |
Download |
|
2018 |
2017 |
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|
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Gross margin (in basis points) * |
70.0 |
70.8 |
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Cost-Income-Ratio (in per cent) ** |
61.7 |
63.2 |
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Net new money (in CHF millions) |
407 |
–100 |
||||||
Growth of net new money (in per cent) |
4.8 |
–1.2 |