Luzerner Kantonalbank
Origin of Luzerner Kantonalbank
Founded in 1850, LUKB is the leading bank in the canton of Lucerne with almost 300,000 clients, around 1,000 employees, and 26 branches. It is one of the largest cantonal banks in Switzerland. The main business areas are real estate financing, corporate finance, and private banking. The bank also operates outside the canton of Lucerne with the services offered by the “Unternehmerbank and Immobilienbank” as well as the Private Banking office in Zurich. Standard & Poor’s attests that LUKB has a long-term rating AA (short-term rating A-1 +). LUKB is characterized by its proximity to customers and its high performance, making it the bank of choice for customers, employees, shareholders and the region.
LUKB has been a joint stock company since 2001. The shares of LUKB are listed on the SIX Swiss Exchange. 38.5% of the share capital is widely distributed in public, 61.5% are owned by the canton of Lucerne, which is required by law to hold at least 51% of the share capital.
The LUKB Group comprises the parent company LUKB AG, the LUKB Expert Fund Management Company, the LUKB Wachstumskapital AG and the Gewerbe Finanz Luzern AG. LUKB Expert Fondsleitung AG, in cooperation with LUKB, offers strategy funds (LUKB Expert funds) and manages internationally diversified investment funds with a total fund volume of more than 3.0 billion Swiss francs. LUKB Wachstumskapital AG’s goal is to support start-up and start-up companies in their early growth phase.
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Philosophy and Strategy
Since the foundation of Luzerner Kantonalbank, the bank has acted both responsibly and entrepreneurially. Trust is the bank’s greatest asset, and that is why they are sustainable, socially minded and efficient.
The corporate responsibilities are:
- Economic responsibility – generating value
- Social responsibility – representing value
- Environmental responsibility – using resources sparingly
Luzerner Kantonalbank wants to be the first-choice bank, be efficient and result-oriented, nearby and reliable, respectful and transparent.
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Services and Solutions
LUKB serves a diverse range of clients. The different segments demand flexibility in the advice and the products the bank offers. LUKB is always close to their clients. The clients are private individuals, companies of various sizes, like institutions, non-profit organizations, families.
Small businesses and private individuals are the lion’s share of LUKB’s client base. The needs of the clients range from classic banking services to advice from a specialist. The services for private clients range from different accounts, modern payment services, sustainable savings, and pension solutions. The bank has a real estate competence center with experienced financial specialists and advisors. LUKB offers a range of investment funds for large and small investment and detailed support including personal financial planning.
The services for business clients include business-focused pension solution, solutions for stable cash management, the bank’s commitment as a reliable financing partner and institutional investments. The bank also offers services for mergers & acquisitions and succession planning.
Clients with extensive assets and high income have special needs. LUKB offers a wide range of services and products, especially for high-net-worth individuals. The bank has a competence center for retirement and pension planning, tax issues and inheritance law. LUKB also issues its structured products, which are also available for other banks and asset managers as well as private and institutional clients.
The bank has a corporate desk for entrepreneurs, offers business banking and real estate banking and innovative services and strategies.
The services offered by LUKB are as comprehensive as the demands of the bank’s clients. The bank issues a quarterly investment policy publication.
The banking services offered are:
- Portfolio Management – on a mandated basis
- Investment Advice
- Securities Trading
- Precious Metals
- Derivatives
- Lombard loans, Documentary credits and collections, and guarantees
Investment advice
The clients make their decisions with LUKB as a reliable advisor.
Portfolio management
Specialists at LUKB are responsible for the client’s investment. This discretionary option leaves the investment decision to LUKB. The first step is to determine the client’s investment strategy and then the client delegates the decisions and the execution to LUKB.
Self-invest
This solution is without advice. The clients manage their assets themselves. LUKB offers a professional custody service for the securities. The client will be notified for forthcoming maturities, corporate actions, interest and dividend payments.
Risk Management
The Board of Directors is responsible for the risk policy and appraises the risks on a regular basis. The risk management of LUKB has the following principles: Risk culture, separation of functions, risk monitoring and identification, transparency and risk and return. The bank avoids a concentration of risks, and they only engage in risks, which can be monitored and measured.
The risk the bank gets involved is the credit risk, including the counterparty risk, the settlement risk, and the country risk. The market risk, including the interest rate risk, the market liquidity risk, and the issuer default risk. The liquidity risk, the operational risk, the compliance risk, the strategic risk, the business risk, and the reputational risk.
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Added-Value Services
Cantonal banks in Switzerland work together through some cooperatives, which operate at the international, national and the pan-regional levels. The key partners of LUKB are the Pfandbriefzentrale of the Swiss cantonal banks, which refinance the bank’s mortgage business, the Aduno Group, for cards, and the Risk Solution Network AG, credit risk management as well as newhome.ch, a property portal. The funders.ch crowdfunding platform is also used by other cantonal banks.
LUKB Pilatus-Club is a venture that allows investors to come together to discuss investment opportunities.
Luzerner Kantonalbank – Facts & Figures
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| Address | Pilatusstrasse 12, 6002 Lucerne |
|---|---|
| Phone | +41 844 822 811 |
| Website | www.lukb.ch |
| Year of foundation | 1850 |
| Subsidiaries | – |
| No. of employees | 1’061.7 |
| Rating | S&P AA |
| Chairman | Markus Hongler |
| CEO | Daniel Salzmann |
| Eligible Regulatory Capital | 4.212 bn CHF |
| Tier 1 Ratio | 15.66 % |
| Leverage Exposure | 54.770 bn CHF |
| Leverage Ratio | 6.85 % |
| Liquidity Coverage Ratio | 198 % |
| Risk Weighted Assets | 23.947 bn CHF |
| Loans outstanding | 37.229 bn CHF |
| Assets under Management | 36.963 bn CHF |
| Assets under Management / Employees | 34.814 m CHF |
| Net profit | 221.384 m CHF |
| Net Profit / Employees | 208’518 CHF |
| Cost / Income Cost Ratio (CIR) | 42.90 % |
| Return on Equity | 7.18 % |
| Own structured products | Yes |
| Foreigners accepted | Yes |
| Presence abroad | No |
Source: Annual Report 2021
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