Business performance and strategic outlook
LGT Group: key data as at 30 June 2008
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Assets under administration
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CHF 95.3 bn
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Total assets
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CHF 21.6 bn
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Group equity capital
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CHF 3.2 bn
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Total operating income
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CHF 431.9 m
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Group profit
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CHF 122.5 m
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Employees at 29 locations in Europe, Asia, the Middle East and America
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1777
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Standard & Poor’s / Moody’s rating of LGT Bank in Liechtenstein Ltd.
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AA- / Aa3
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LGT Group reports net profit of CHF 123 million for the first half-year
Implementation of international growth strategy gathers pace
LGT Group, the international wealth and asset management company domi-ciled in Vaduz (Liechtenstein), achieved a good half-year result in the six months ended 30 June 2008 in a demanding business environment. Group profit stood at CHF 123 million compared with the record CHF 136 million attained in the first half of 2007. Compared to the end of 2007, assets under administration fell by CHF 7.5 billion to CHF 95.3 billion due to market-related factors. Net asset inflow amounted to CHF 335 million. LGT Group expects a satisfying result for the full year 2008 in challenging business conditions. It intends to resolutely pursue its international growth strategy in wealth and asset management and accelerate the pace of its execution. The acquisition of KGR will enable LGT to strengthen its fund-of-hedge-funds business and expand its presence in Asia.
Your contact
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- Tel: +423 235 1122
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