Vaduz, 27 August 2020. LGT, the international private banking and asset management group owned by the Princely House of Liechtenstein, demonstrated its financial strength in the first half of 2020, notwithstanding the extraordinary conditions. Total operating income rose 6% to CHF 900.0 million, and thanks to strict cost management, group profit increased 23% to CHF 190.7 million. As at the end of June, assets under management amounted to CHF 218.7 billion (-4%). For the second half of the year, LGT expects its business performance to be solid, while remaining cautious due to uncertainties relating to the corona pandemic. Preparations in view of the announced repositioning of LGT Private Banking, LGT Capital Partners and Lightstone as stand-alone companies are progressing according to plan.

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