National Bank of Liechtenstein (Redirected from National bank of Liechtenstein)
Headquarters | Vaduz |
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Established | 1861 |
Chairman | Georg Wohlwend |
Central bank of | Liechtenstein |
Currency | Swiss franc CHF (ISO 4217) |
Website | www.llb.li |
Type | Aktiengesellschaft |
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SIX: LLBN | |
Industry | Banking |
Founded | 1861 |
Headquarters | Vaduz, Liechtenstein |
Area served | Liechtenstein and Switzerland |
Revenue | SFr 503,191,000 (2022) |
Number of employees | 1055 (2021) |
Website | www |
Liechtensteinische Landesbank AG is a bank located in Liechtenstein, based in the capital city Vaduz. Since 1993 it has been listed as a company at the Swiss Stock Exchange (LLBN), with the majority of shares (57.5%) owned by the Liechtenstein state. As the state is in a customs and monetary union with Switzerland and has adopted the Swiss franc as official currency, the monetary policy and money supply is the sole responsibility of the Swiss National Bank (SNB).
Tasks
Due to Liechtenstein's signed valuta union agreement with Switzerland and its adoption of the Swiss franc as its official currency, the Swiss National Bank performs most duties in administration of macro finance, currency and credit of banks. The National Bank of Liechtenstein however is responsible for the following three tasks:
- "To be secretariat for the Government in the administration of macro finance, currency, credit of Banks within the country."
- "To promote and maintain stability of price within the country; strengthen the efficiency of payments mechanism."
- "To promote and facilitate control on the flows of money to serve the socio-economic development plan of the Liechtenstein."
Directors (Group Chief Executive Officer)
- Eduard Batliner, 1928–1967
- Josef Hilti, 1967–1971
- Werner Strub, 1971–1979
- Karlheinz Heeb, 1979–1996
- René Kästli, 1996–1999
- Josef Fehr, 2000-2012
- Roland Matt, 2012-
Since 1993 the National bank of Liechtenstein has been listed as a company at the Swiss Stock Exchange, with the majority of shares (57.5%) owned by the Liechtenstein state.