After the acquisition of two financial institutions in Switzerland and Austria within just two months, the shopping spree of Liechtenstein’s largest listed bank may not have come to an end yet, Bloomberg News reported. "We are interested in further takeovers in Liechtenstein, Switzerland and Austria. We have around 400 million francs of surplus capital that we can use for mergers and acquisitions," Roland Matt, Group CEO of Liechtensteinische Landesbank AG (LLB), said in an interview with Bloomberg. He pointed out that acquisitions would have to strengthen existing activities of the bank. New lines of businesses are not to be tapped. The strategy in the individual countries would not change. "For example, we would not start a retail business in Austria", he added. In February, LLB bought Zurich based fund service provider LB (Swiss) Investment AG for about 30 million francs from Frankfurter Bankgesellschaft, a unit of Landesbank Hessen-Thueringen Girozentrale. Read more.
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