In 2009, as in the previous year, we concentrated our investments on the introduction of the new «Avaloq» banking software. Following the purchase and move into the office premises on «Stampfenbachstrasse» by LLB Switzerland in 2008, there was no major expenditure for real estate in the year under report. We focused on four large projects in the year under report:

  • renovation of the Engel building in Vaduz, which will be ready for occupation in the first quarter of 2010;
  • planning of a new bank branch building in Eschen;
  • clarifications in connection with the «Äule East» project, which will provide accommodation for client advisory services;
  • construction of the new Lachen bank branch.