Balance sheet

As at 31 December 2012, the consolidated balance sheet total stood at CHF 21.3 billion (31 December 2011: CHF 21.1 billion), corresponding to a year-on-year increase of 1.1 percent. The increase was due mainly to higher loans to clients of CHF 0.3 billion, largely in the form of mortgage loans. The regrouping of balances due from banks resulted in a substantial increase in cash and balances with central banks of CHF 1.3 billion. On the liabilities side, balances due to customers rose by 1.9 percent to CHF 16.1 billion. In compliance with IFRS, the assets of swisspartners Investment Network AG are reported separately in the balance sheet under the position «Non-current assets held for sale» (for further information, see note 35).

As at 31 December 2012, equity attributable to the shareholders of LLB had risen by 3.7 percent to CHF 1.6 billion. The tier 1 ratio stood at 15.6 percent (31 December 2011: 13.9 %). The return on equity attributable to the shareholders of LLB amounted to 6.0 percent (31 December 2011: 0.7 %).

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