Transactions with the Principality of Liechtenstein and companies associated with the Principality

in CHF thousands

2013

2012

+/– %

Loans

 

 

 

*

Mainly net fee and commission income.

**

Relates mainly to the compensation payment for the state guarantee. In July 2005, the EFTA supervisory authority decided that the state guarantee extended to the LLB could remain in effect. The annual compensation payment for the state guarantee is calculated on the basis of criteria specified in EEA law and on the total amount of the savings deposits and medium-term notes covered by the state guarantee. This ruling shall remain in effect for at least until 2020.

As at 1 January

32'013

2'168

 

Change

150

29'845

–99.5

As at 31 December

32'163

32'013

0.5

 

 

 

 

Deposits

 

 

 

As at 1 January

375'711

283'289

32.6

Change

272'235

92'422

194.6

As at 31 December

647'946

375'711

72.5

 

 

 

 

Income and expenses

 

 

 

Interest income

200

166

20.5

interest expenses

–490

–508

–3.5

Other income*

1'292

1'354

–4.6

Other expenses**

–1'719

–1'849

–7.0

Total

–717

–837

–14.3

No guarantees have beens granted by the LLB Group for third parties on behalf of the Principality of Liechtenstein.

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