Product responsibility

Through their products and services, banks can make a substantial contribution to a future-oriented and sustainable development of society. One of the tasks facing banks is to build trust. Dealing fairly with our clients, borrowers and partners is just one aspect of our product responsibility. Another aspect is a transparent information policy towards opportunities and risks afforded by financial instruments and investment strategies. At the same time, we accept responsibility for future generations in our home markets in Liechtenstein and Switzerland by offering sustainable products in the areas of financial planning and estate planning.

We are the custodian bank of the first Liechtenstein microfinance fund, the EMF Microfinance Fund AGmvK, and support the Vaduz-based Center for Social and Sustainable Products AG. The EMF Microfinance Fund AGmvK is an investment company for qualified investors. The private label fund, which was established in September 2008, invests its assets in microfinance and fair-trade investment instruments. These are used to finance or re-finance financial service companies in less developed countries. The fund helps impoverished segments of the working population to generate earnings by offering them – through its investments – access to the financial services they need.

From a European perspective, the real estate industry is facing major challenges. Rising costs for conventional energy sources have resulted in the increasing importance of energy and ecological considerations for new buildings and building refurbishment. Public debate on environmental policies is growing, and the people living in Liechtenstein and eastern Switzerland are becoming more environmentally aware. The LLB Group supports investments in new buildings and energy-efficient houses that comply with «Minergie-P®», or passive house or other comparable standards for alternative energy by offering eco and renovation mortgages that promote the sustainable use of resources. Currently, there has been a strong demand, however, for fixed-rate mortgages on account of historically low interest rates. In recent years, the focus on real estate ownership as a safe investment has increased due to highly volatile financial markets. Investments in energy-efficient measures or in the use of renewable energies have had a positive impact on long-term sustainability.

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