News & Events
Three ambassadors from Benelux countries have met the Liechtenstein Bankers Association for the first time during their visit to Vaduz. In addition to issues relating to the European market, sustainability, and digitization, the war in Ukraine was a central topic.
The Liechtenstein Bankers Association and the Liechtenstein Institute of Professional Trustees and Fiduciaries have pledged their full support to the authorities in implementing the sanctions levied against Russia. The organizations play a key role as intermediary bodies within the Liechtenstein finance sector. The Liechtenstein Bankers Association (LBA) and the Liechtenstein Institute of Professional Trustees and Fiduciaries (THK), headquartered in Vaduz, have pledged their full support to the government and authorities in implementing the sanctions imposed on Russia. As the most important and largest associations of the Liechtenstein finance sector, the LBA and THK are aware of their responsibility and key role in the enforcement of sanctions, they explain as part of a joint statement. «We recognize the central role of financial intermediaries with regard to the sanctions imposed worldwide and assure the Liechtenstein government of our full support in the consistent implementation and application of these sanctions», the statement reads. As such, the LBA and THK are maintaining regular contact with the competent authorities and the government’s crisis team. Moreover, the organizations «vigorously» condemned the Russian invasion of Ukraine in the joint statement, expressing their hope for a swift end to the war and a «return to dialogue and diplomacy» as well.
The Liechtenstein Bankers Association, the Association of Liechtenstein Charitable Foundations and Trusts, and the SDG Alliance Liechtenstein are working together toward the UN’s sustainability goals with immediate effect. The partners hope to more effectively support the 17 goals.
Master of Finance students at the University of Liechtenstein have come second at the 13th CFA Research Challenge, with ten groups in the running. This is the first time a university team from Liechtenstein has made it to the next round.
Liechtenstein banks recorded impressive results alongside high Tier 1 capital ratios and net new money inflows in 2020. In so doing, the banks successfully ended a year dominated by the coronavirus pandemic and low interest rate environment. The banking sector is also well positioned for the future.
The rating agency Standard & Poor’s has classified the Liechtenstein banking sector in Group 2 of its banking industry ratings. This result therefore confirms the banking sector in Liechtenstein as one of the most stable in the world.
Liechtensteinische Landesbank (LLB) and the LLB Group subsidiary Bank Linth meet the criteria for inclusion on the sustainability indices of the Swiss SIX stock exchange. Shares in both banks have now been listed on the SPI ESG, SPI ESG Weighted and SBI ESG indices.
LGT has grouped its impact investing activities under a new proprietary entity. Lightrock will be headed up by Pal Erik Sjatil. Prince Max von und zu Liechtenstein will act of Chairman of the Board of Directors.
The Liechtenstein financial sector took part in the international PACTA climate compatibility test. The results show that the country’s financial institutes continue to invest heavily in fossil fuels. Nevertheless, many are developing or already pursuing sustainable environmental strategies.
The LGT Group has signed up to the UN Principles for Responsible Banking. The banking group under the ownership of the Princely Family of Liechtenstein is seeking to fulfil its responsibilities with regard to ensuring the sustainability of the financial sector.