Liechtenstein – Financial center

competent ƒ secure ƒ personal

 Liechtenstein – Financial center

Liechtenstein – Financial services

banks ƒ trust companies ƒ insurance companies ƒ investment funds

ƒ Nearly one quarter of employees in the 3rd sector

work in banks, insurance companies, and trust
companies (14.3% of total employment).
ƒ Operating in Liechtenstein are:
- 15 banks (some of which are subsidiaries of
international institutes)
- 405 asset managers and trust companies
- 30 Liechtenstein insurance companies
- 17 fund management companies with 300
investment funds
- 9 investment companies
 Liechtenstein – Financial center

Liechtenstein – Financial services

banks ƒ trust companies ƒ insurance companies ƒ investment funds

ƒ 7.0% of employees work in the banking and

insurance sector, 7.3% of employees work in
trust companies and law offices.
ƒ Liechtenstein banks managed client assets in
the amount of 107 billion Swiss francs as of
the end of 2004. In comparison: Swiss banks
managed client assets in the amount of 3,000
billion Swiss francs as of the end of 2003.
ƒ The balance sheet total was 34 billion Swiss
francs as of the end of 2004.
ƒ The assets in Liechtenstein investment funds
currently amount to 20 billion Swiss francs.
 Liechtenstein – Financial center

Liechtenstein – The financial service provider associations

ICQM Foundation – Institute for Compliance and Quality Management

ƒ Joint platform of the financial service

providers
Business associations:
- Bankers’ Association
- Association of Professional Trustees
- Investment Fund Association
- Independent Asset Managers
- Insurance Association
- Association of Auditors
 Liechtenstein – Financial center

Liechtenstein – The financial service provider associations

ICQM Foundation

ƒ Sustainable management of the quality of

services in the Liechtenstein financial center
Representation of the interests of financial
service providers in Liechtenstein and
abroad
ƒ First initiative: Establishment of ICQM
(Institute for Compliance and Quality
Management) at the Liechtenstein
University of Applied Sciences, to ensure
harmonized training in compliance and due
diligence
Continuing education in areas of expertise.
 Liechtenstein – Financial center

Liechtenstein – Liechtenstein banks in figures

three-year-comparison

In million Swiss francs 31 Dec 2004 31 Dec 2003 31 Dec 2002

Balance sheet total 34,200.00 34,900.00 32,700.00

Annual profits 420.00 330.00 250.00
Capital funds 4,000.00 4,000.00 4,000.00
Client assets under management 107,000.00 103,000.00 96,000.00
Staff at year end 1,500 1,500 1,700
 Liechtenstein – Financial center

Liechtenstein – Balance sheet total of Liechtenstein banks

Development in the last ten years (source: Liechtenstein Bankers‘ Association)

40000

35000

30000

25000

Mio Swiss Francs 20000

15000

10000

5000

0
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
 Liechtenstein – Financial center

Liechtenstein – Banking center

competent ƒ secure ƒ personal
 Liechtenstein – Financial center

Liechtenstein – Banking center

competent ƒ secure ƒ personal
 Liechtenstein – Financial center

10

Information Multimedia CD ROM

Version 2.1 – February 2006: sources ƒ exchange rates ƒ legal notice

Statistical data (correct as of):

ƒ Office of Economic Affairs (2004)
ƒ Liechtenstein Chamber of Commerce and Industry (2004)

Photographs courtesy of:

ƒ Liechtenstein Press and Information Office
ƒ Liechtenstein Tourism
ƒ Liechtenstein Chamber of Commerce and Industry (LIHK)
ƒ various Liechtenstein enterprises, organizations, and
individuals
 Liechtenstein – Financial center

11

Information Multimedia CD ROM

Version 2.1 – February 2006: sources ƒ exchange rates ƒ legal notice

Exchange rates (approx.):

ƒ 1 Swiss franc = € 0.65
ƒ 1 Swiss franc = $ 0.80

Legal notice:
ƒ Image Liechtenstein does not assume any responsibility or guarantee
for the accuracy of the information or data provided or that such
information or data are up to date.
ƒ Liability of Image Liechtenstein relating to material or non-material
damage arising from use of the information provided is excluded.