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LGT boosts profits 23pc on H1 trading boom

News Team, 27/08/2020

Private banking and asset management group LGT – owned by the Liechtenstein royal family – produced positive results in the first half of 2020, as it benefited from an increase in client activity.

LGT's total operating income rose 6 percent to CHF 900 million during the first half of 2020 (to 30 June), due to increases in brokerage income off volatility, more trading activity and currency transactions, as well as a smaller increase in net interest income.

The bank sai...


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