The National Bank of Liechtenstein AG is a Liechtenstein-based Financial Institutions Group headquartered in Vaduz, Liechtenstein. It has been listed on the Swiss Stock Exchange since 1993 and is majority owned (57.5%) by the government of Liechtenstein. Since Switzerland is in a customs and monetary union with Switzerland and adopts the Swiss franc as its official currency, monetary policy and money supply are the sole responsibility of the Swiss National Bank (SNB).

In addition to its main operations in Liechtenstein, the LLB also operates in Austria and Switzerland.

History

In 1992, Liechtenstein joined the European Economic Area, which made the bank concerned about its country's bank secrecy policy.

In 1993, Liechtenstein State Bank was listed on the Swiss Stock Exchange, with the Liechtenstein government owning a majority stake (57.5%).

In March 2007, Liechtenstein State Bank became the controlling shareholder of Lint Bank.

Tasks

Since Liechtenstein has signed a value union agreement with Switzerland and adopted the Swiss franc as its official currency, the SNB performs most of its responsibilities in managing the financial, monetary, and credit aspects of the banking giant. However, the NB of Liechtenstein is responsible for the following three tasks:

1. "To be the government's secretariat in the management of the financial, monetary, and credit aspects of the domestic banking giant."
2. "To promote and maintain domestic price stability; to strengthen the efficiency of payment mechanisms.
3. " To promote and facilitate the control of financial flows in order to serve Liechtenstein's socio-economic development program.

CEO

• 1928 - 1967: Edward Bartellina
• 1967 - 1971: Joseph Hilti
• 1971 - 1979: Werner Strub
• 1979 - 1996: Karlheinz Hibb
• 1996 - 1999: Rene Castelli
• 2000 - 2012: Joseph Fair
• 2012 - present: Roland Matt