LGT Group reported a 17% rise in first-half 2026 net profit to CHF281.6 million, driven by strong new money inflows and asset growth.
Net new money inflows reached CHF12.3 billion in the six months to June, an annualized growth rate of 6.4%, exceeding the private banking industry’s 4-5% strategic target. This compares with CHF5.9 billion in the same period of 2025. Both Private Banking and Asset Management contributed to the increase.
Managed client assets rose 7% from year-end 2025 to CHF412.6 billion, surpassing the CHF400 billion mark for the first time. The expansion reflected net new money inflows, robust market and investment performance, and favorable currency effects.
Revenue growth was broad-based. Commission and service income, LGT’s primary revenue stream, climbed 7% to more than CHF1 billion. Trading and other income edged up 1% to CHF325.9 million, while net interest income declined 2% to CHF156.6 million. Total gross revenue increased 5% to CHF1.49 billion.
Cost discipline supported profitability. Operating expenses rose 2% to CHF1.09 billion, while the cost-to-income ratio improved to 73.3% from 76.8% at the end of 2025. Headcount increased by 62 full-time equivalents to 5,953 employees.
Capital and liquidity metrics remained strong but showed slight pressure. The common equity tier 1 ratio fell to 18.0% from 19.2% at year-end 2025, while the liquidity coverage ratio stood at 212.5%, down from 219.4%.
LGT now plans to consolidate its international footprint following years of expansion. The group will focus on deepening existing markets, extracting synergies from prior investments, and scaling technology initiatives.
The bank highlighted steady progress in Europe, Australia and Asia. In Hong Kong, where LGT ranks among the largest private banks, the group has operated for 40 years, while its Japan private banking business marks its fifth year. LGT Capital Partners expanded its U.S. presence through the integration of Sapphire Partners’ core team.
“After targeted growth investments over recent years, our focus is on solidifying our global presence in existing markets and leveraging the benefits of our international platform,” said S.D. Prinz Max von und zu Liechtenstein, Chairman of LGT.
The group expressed confidence for the remainder of 2026 despite ongoing geopolitical uncertainty.
