Liechtensteinische Landesbank (LLB) has successfully completed its acquisition of Zürcher Kantonalbank Austria. This significant transaction, valued at over one billion euros, was finalized on January 9, 2025, and marks a pivotal moment in LLB’s strategy to enhance its presence in Austria.

The acquisition involves the transfer of client assets totaling approximately 3.4 billion euros, equivalent to around 3.2 billion Swiss francs. Prior to the completion of this deal, all necessary regulatory and antitrust approvals were secured, ensuring a smooth transition.

Following the acquisition, the newly acquired entity will merge with LLB’s existing operations in Austria by mid-year, pending approval from the Austrian Financial Market Authority. Until the merger is finalized, the subsidiary will continue to operate under the name LLB Bank. Key details include:

• The former ZKB subsidiary employs 120 staff members.
• It has offices located in Salzburg and Vienna.
• LLB’s Austrian operations manage assets exceeding 32 billion euros.
• LLB’s workforce in Austria consists of over 230 employees.

LLB’s CEO, Gabriel Brenna, emphasized that this acquisition is a crucial step in establishing a foundation for future growth in the region.

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