S&P: Banking centre Liechtenstein remains stable
The latest S&P Global report highlights the resilience and reliability of the financial sector.
In its Banking Industry Country Risk Assessment (BICRA) dated September 17, 2025, S&P Global reconfirms the strong stability of Liechtenstein’s banking sector. The Principality remains in BICRA Group 2, underlining banks’ conservative business models, robust capitalisation, and strong liquidity buffers.
S&P Global emphasises the very low credit risk, the resilience of the economy, and the exceptionally low loan-to-value ratios in mortgage lending, which minimise the risk of a property bubble. The report also highlights the country’s strong commitment to international standards and the role of effective self-regulation in ensuring high levels of compliance and transparency.
Furthermore, S&P Global points out that Liechtenstein’s membership in the International Monetary Fund (IMF) provides an additional layer of security – both as a potential liquidity backstop and through technical support to improve statistical data and transparency. Despite global uncertainties, S&P Global once again confirms the reliability and long-term stability of Liechtenstein as an international financial centre.
