LLB Group raised its consolidated net profit in the first half by a slight 0,9 percent to 91 million francs, thus remaining at the previous year’s level, according to figures published on Wednesday.

Business volume reached a record high of 117,2 billion francs. Client assets also set a new record, climbing to 100,9 billion francs. Net new money inflows amounted to 1,4 billion francs.

ZKB Austria Included for the First Time

Operating income rose significantly by 10,5 percent to 312,8 million francs, driven by stronger commission and trading activities. In particular, the services and commission business benefited from higher client assets and the consolidation of the former ZKB Austria (+23,4 percent). Net interest income, on the other hand, declined by 6,8 percent to 63,1 million francs.

Cautious Outlook for the Second Half

Operating expenses increased to  204,6 million francs as a result of the ZKB acquisition, including  7,1 million francs in integration costs. Nevertheless, the cost-income ratio, at 65,7 percent, remained close to the strategic target.

For the full year 2025, LLB expects a result below the prior-year level—due to lower interest rates, integration costs, and ongoing geopolitical uncertainties.