After purchasing two financial institutions in Switzerland and Austria, Liechtensteinische Landesbank AG (LLB), the largest listed bank of Liechtenstein, is not over yet, Bloomberg reports.

According to the bank's leaders, it plans further deals in Austria and Switzerland, having about 400 million of excess capital. Those deals will be aimed to strengthen existing businesses.

In February LLB bought LB (Swiss) Investment AG (Zurich, Switzerland), the company offering fund services, for 30 million francs. Earlier the bank announced purchase of Semper Constantia Privatbank AG (Vienna, Austria) for 185 million francs.

Austrian market is attractive to LLB partly because of proximity to Eastern Europe, where it sees good perspectives for growth. New subsidiary in Austria will manage 18 billion euro of clients, including institutional and private customers with assets exceeding 500000 euro.

Purchase of LB (Swiss) Investment in Switzerland provides access to fund's business.

Bank was founded in 1861 and started offering clients to safely and beneficially invest money. It turned to universal bank for international clients after World War II. Since 1993 bank is traded on Swiss Stock Exchange. At the moment 57,6% of bank belongs to Liechtenstein. Market capitalization is about 1,8% billion francs. Shares of LLB gained 16% from the beginning of this year. It empolyed 1070 people as of end of July.

For more information on Liechtenstein and LLB, please, read this Article.