The private banking group saw first-half profit rise to $351.37m on record assets and steady market returns.
LGT Group reported a 17% year-on-year increase in first-half 2026 profit, reaching SFr281.6m ($351.37m). Assets under management climbed to a record SFr412.6bn, supported by SFr12.3bn in net new assets, reflecting a 6.4% annualized growth rate.
The group’s operating income rose 5% to SFr1.49bn, while expenses increased 2% to SFr1.09bn. Net interest income fell 2% to SFr156.6m, offset by a 1% rise in trading and other income. Results exclude the 2025 acquisition of Commonwealth Bank of Australia’s Private Advice business.
LGT cited steady financial markets despite geopolitical tensions and economic uncertainty, with expansion in Europe, Australia, and Asia contributing to growth. The group remains cautious about the second half due to unpredictable market conditions.