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Financial Information of Liechtenstein Banks (2006)

Based on available data, here are key points related to the liquidation, balance sheet assets, and other financial information of banks in Liechtenstein as of 2006.

Liquidation

  • One bank in Liechtenstein was in voluntary liquidation at the end of 2006.

Balance Sheet Assets

As of December 31, 2006:

  • CHF 48 billion (approximately USD 49 billion): total balance sheet assets
  • Client assets under management: CHF 173 billion

Banking Market Concentration

The three largest banks, controlled by Liechtenstein-domiciled investors, accounted for approximately:

  • 90% of total balance sheet assets
  • 86% of assets under management

Securities Activities

Our primary business is asset management for high-net-worth individuals, with major clients located outside of Liechtenstein (European jurisdictions). One bank participates in the Swiss stock exchange, SWX.

Insurance Sector

As of December 31, 2006:

  • 35 insurance companies, including:
    • 17 life insurance firms
    • 13 non-life firms
  • Most life insurance companies are wholly owned subsidiaries of well-known international insurance companies or banks.