In comparison with 31 December 2012, the consolidated balance sheet total decreased by CHF 0.3 billion, or 1.2 percent, to CHF 20.9 billion (31.12.2012: CHF 21.2 billion). The swisspartners group was again fully consolidated in 2013 due to the fact that sales negotiations were suspended. As a result of the closure of the subsidiary, LLB (Switzerland) Ltd., loans to customers fell net by CHF 0.4 billion, or 3.5 percent, to CHF 10.2 billion. Adjusted for the outflows caused by the closure of LLB (Switzerland) Ltd., loans to customers would have increased by 3.0 percent.
As per 31 December 2013, equity attributable to the shareholders of LLB stood at CHF 1.7 billion, corresponding to an increase of 3.4 percent compared with the end of the previous year. The Tier 1 ratio amounted to 18.8 percent (31.12.2012: 15.7 %). The return on equity attributable to the shareholders of LLB stood at 3.0 percent (31.12.2012: 5.8 %).