During a first half -year 2025 characterized by geopolitical challenges and volatile markets, LGT saw its gross result increase by 10% compared to the first half of 2024, thus reaching 1.42 billion francs.
LGT, the International Private Banking and Asset Management Group held by the Princely House of Liechtenstein, successfully continued the implementation of its international strategy in the first half of 2025 and recorded profitable growth. The gross result has climbed 10% in annual comparison, thus establishing itself at 1.42 billion CHF, while the charges have only moderately increased thanks to rigorous costs of costs. The benefit has increased significantly by 38%, to establish itself at 240.6 million CHF. The net influx of fresh money rose to 5.9 billion CHF and assets under management totaled 359.6 billion CHF on June 30, 2025. Strengthened by its international growth initiatives and digital investments, LGT has good positioning for the future. Given the persistent geopolitical and economic uncertainties, it is however difficult to engage in forecasts for the rest of 2025.
During a first half of 2025 characterized by geopolitical challenges and volatile markets, LGT saw its gross result increase by 10% compared to the first half of 2024, thus reaching 1.42 billion CHF. The product of commissions and services, which by far represent the greatest source of income in LGT, has climbed by 10% due to an increased activity of customers, while that of interest operations fell by 17%. The result of trading operations and other products increased by 35%, which is mainly explained by the increase in currency operations.
The operating expenses have been reduced by 1% to 222.8 million CHF in the first half of 2025, the various construction and enlargement projects in recent years being in the consolidation phase and LGT having shown good discipline in terms of costs. Consistent with positive business march and investments made until the end of 2024, personnel expenses increased by 11% to 848.4 million CHF. The workforce was 6106 employees at the end of June 2025 (compared to 6049 at the end of 2024), including 38 jobs from the acquisition of private advice operations by the Commonwealth Bank of Australia, which had been announced in November 2024 and ended as planned in the middle of 2025. Value and provisions and provisions. Set at 64.2 million CHF.
The cost/income ratio improved, from 78.0% at the end of 2024 to 75.7%. The consolidated benefit of the first half of 2025 amounted to 240.6 million CHF, which corresponds to an increase of 38%. With a CE equity ratio of 18.5% at the end of the first half of 2025, LGT has a very solid financial base as well as significant liquidity.
A solid influx net of fresh money in private banking and asset management
LGT recorded a net influx of organic fresh money of 5.9 billion CHF in the first half of 2025, thus displaying an annualized growth rate of 3.2%. Private Banking and Asset Management both contributed to this progression. The assets under management amounted to 359.6 billion CHF on June 30, 2025, compared to 367.5 billion at the end of 2024. The decrease of 2% is due to negative exchange effects compared to the US dollar, while market performance and investment made a positive contribution. Group assets also include 2.9 billion CHFs from the acquisition of private advice operations from Commonwealth Bank of Australia.
Perspectives
With its international growth initiatives and digital investments, LGT has good positioning for the future. Given the persistent geopolitical and economic uncertainties, it is however difficult to engage in forecasts for the rest of 2025.
LGT will continue to focus on strengthening its existing markets and the implementation of its initiatives on new markets such as Australia, Germany, India, Japan or Thailand, which already contribute to the success of LGT. In accordance with its multi -year plan, the group invests in targeted manner in digitization and artificial intelligence. In addition to the new products and services offered to customers, its objective is to make internal efficiency gains, which are already bearing fruit.
In response to growing dynamics in the market environment, new requirements in customer advice and the growing influence of data analysis and artificial intelligence, LGT still develops its investment organization. Mika Kastenholz, so far Head of Products and Services and Head of Investment Apac, has been appointed Global Head of Investment Solutions and member of the Senior Management Board of LGT Private Banking, subject to regulatory approval.
LGT has again obtained several distinctions in the first half, such as the “Best Pure Play/Boutique” Euromoney Global Private Banking Award 2025. Wealthbriefing also designated the best private banking in the “Innovation in Sustainability” areas, “Philanthropy Service Offering” and “Nextgen Support”. As part of the PWM Wealth Tech Awards 2025, the label “Best Private Bank for ESG Technology” was awarded to LGT.
SAS Prince Max von und zu Liechtenstein, LGT Chairman: “Despite difficult geopolitical and economic conditions, LGT worked very well in terms of yield and costs in the first half of 2025 and recorded an extremely delightful increase in profits. We are progressing well in the implementation of our international growth strategy, which we have been resolutely pursuing for years and which has also enabled us to enter new interesting markets. With its high -level investment offer and quality design, our family business intends to remain a reliable and attractive partner for its clientele worldwide. ”
