Related party transactions
audited information

The LLB Group is controlled by the Principality of Liechtenstein which owns 57.5 percent of the bearer shares of Liechtensteinische Landesbank AG, Vaduz. 7.5 percent of the bearer shares (2'300'000 shares) are reserved to secure the convertible bond issue. The remaining bearer shares are held by a broad section of the general public.

The related parties of the LLB Group comprise the Principality of Liechtenstein, associated companies, the Board of Directors and the Board of Management, close family members and enterprises which are controlled by these individuals through their majority shareholding or their role as chairman and/or CEO in these companies, as well as their own pension funds.

Compensation

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in CHF thousands

Salary fixed *

Salary
variable

Contributions to
benefit plans

Share-based
compensation

Total

 

2009

2008

2009

2008

2009

2008

2009

2008

2009

2008

*

Fixed compensation fee, meeting allowance (for meetings other than board meetings).

**

The Board of Management was reorganised from 1 January 2009. It now consists of four members (previous year: three members).

Members of the Board of Directors

 

 

 

 

 

 

 

 

Hans-Werner Gassner,
Chairman BoD

293

312

79

67

39

39

0

0

411

418

Markus Foser,
Vice Chairman BoD
from 8 May 2009

84

0

40

0

0

0

0

0

124

0

Markus Büchel,
Member from 8 May 2009

45

0

26

0

0

0

0

0

71

0

Ingrid Hassler-Gerner, Member

88

78

40

33

0

0

0

0

128

111

Siegbert Anton Lampert, Member

60

66

40

33

0

0

0

0

100

99

Roland Oehri,
Member from 8 May 2009

45

0

26

0

0

0

0

0

71

0

Konrad Schnyder,
Member from 9 May 2008

72

43

40

22

0

0

0

0

112

65

Ewald Marxer,
Member until 9 May 2008

0

33

0

11

0

0

0

0

0

44

Michael Ritter,
Vice Chairman BoD
until 8 May 2009

54

132

20

50

0

0

0

0

74

182

Helmuth Elkuch,
Member until 8 May 2009

36

79

13

33

0

0

0

0

49

112

Peter Harald Frommelt,
Member until 8 May 2009

32

75

13

33

0

0

0

0

45

108

Total

809

818

337

282

39

39

0

0

1'185

1'139

 

 

 

 

 

 

 

 

 

 

 

Members of the Board of Management **

 

 

 

 

 

 

 

 

 

Josef Fehr, CEO

684

684

76

65

116

115

200

170

1'076

1'034

Other members of the
Board of Management

1'439

1'097

179

107

224

179

470

281

2'312

1'664

Total

2'123

1'781

255

172

340

294

670

451

3'388

2'698

Loans Board of Directors

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in CHF thousands

Fixed mortgages

Variable
mortgages

Other
loans

Total

 

2009

2008

2009

2008

2009

2008

2009

2008

Members of the Board of Directors

 

 

 

 

 

 

 

Hans-Werner Gassner, Chairman BoD

0

0

0

0

0

0

0

0

Markus Foser, Vice Chairman BoD from 8 May 2009

0

 

0

 

0

 

0

 

Markus Büchel, Member from 8 May 2009

1'218

 

0

 

0

 

1'218

 

Ingrid Hassler-Gerner, Member

0

0

0

0

0

0

0

0

Siegbert Anton Lampert, Member

0

0

0

0

0

0

0

0

Roland Oehri, Member from 8 May 2009

0

 

0

 

0

 

0

 

Konrad Schnyder, Member from 9 May 2008

0

0

0

0

0

0

0

0

Ewald Marxer, Member until 9 May 2008

 

0

 

0

 

0

 

0

Michael Ritter, Vice Chairman BoD until 8 May 2009

 

1'089

 

20

 

0

 

1'109

Helmuth Elkuch, Member until 8 May 2009

 

0

 

3'300

 

0

 

3'300

Peter Harald Frommelt, Member until 8 May 2009

 

0

 

0

 

0

 

0

Closely associated persons

2'712

644

171

0

 

8

2'883

652

Total

3'930

1'733

171

3'320

0

8

4'101

5'061

At 31 December 2009, the maturities of the fixed mortgages ranged between 1 and 53 months (previous year: between 4 and 52 months) at interest rates of 1.625 to 2.625 percent p. a. (previous year: 2.625 to 3.5 %).

Loans Group Executive Board

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in CHF thousands

Fixed mortgages

Variable
mortgages

Other
loans

Total

 

2009

2008

2009

2008

2009

2008

2009

2008

Members of the Board of Management

 

 

 

 

 

 

 

 

Josef Fehr, CEO

0

0

508

500

0

0

508

500

Other members of the Board of Management

1'285

720

354

126

372

69

2'011

915

Closely associated persons

0

0

37

37

0

108

37

145

Total

1'285

720

899

663

372

177

2'556

1'560

At 31 December 2009, the maturities of the fixed mortgages ranged between 10 and 61 months (previous year: between 2 and 31 months) at interest rates of 2.5 to 2.875 percent p. a. (previous year: 2.0 to 3.0 %).

Of the total amount for mortgages, CHF thousands 1'119 (previous year: CHF thousands 1'319) was granted at the preferential interest rate for staff, the remainder was subject to the standard market interest rate.

Transactions

Within the scope of its business activities, the LLB Group also carries out banking transactions with related parties. These transactions relate principally to loans, deposits and services. The volumes of these transactions, their scope and the corresponding income and expense are shown on the next pages.