LGT Bank

LGT Bank

LGT (Liechtenstein Global TrustFact|date=July 2008) is the private banking group of the princely House of Liechtenstein.

History

* 1920 22 November: constituent general meeting of the "Bank in Liechtenstein"
* 1921 In May, business activities commence with ten employees; rented offices on the ground floor of the government building
* 1930 Liechtenstein Princely Family acquires the majority of shares
* 1970 Establishment of the Prince of Liechtenstein Foundation, which takes over the Bank’s share capital as LGT Foundation beneficiary
* 1982 Setting up of a Representative Office in London as the first foreign business base
* 1983 Founding of Bilfinanz und Verwaltung AG, Zurich
* 1984 Founding of BIL Treuhand AG, Vaduz
* 1986 Bank in Liechtenstein goes public
* 1989 Takeover of GT Management PLC, London
* 1990 Founding of BIL GT Group AG, Vaduz
* 1996 Change of name: BIL GT Group becomes Liechtenstein Global Trust and BiL becomes LGT Bank in Liechtenstein AG
* 1998 Sale of Asset Management Division, Realignment of the LGT Group, [http://www.fuerstenhaus.li/ HSH Prince Philipp] becomes new Chairman of the Board of Trustees, Going private
* 2003 LGT Group acquires Schweizerische Treuhandgesellschaft STG from Swiss Life
* 2005 STG becomes "LGT Schweizerische Treuhandgesellschaft"
* 2008 2008 Liechtenstein tax affair The German tax authorities commence numerous audits and prosecutions for tax fraud in the tax haven Liechtenstein based on information on a CD acquired by the German secret service Bundesnachrichtendienst. The CD, containing large amounts of information on accounts held by German citizens and other nationals with the bank was allegedly obtained for a sum of € 5 million from a former employee or contractor of the bank. [ [http://www.independent.co.uk/news/europe/fury-in-liechtenstein-over-german-tax-inquiry-784417.html Fury in Liechtenstein over German tax inquiry - Europe, News - The Independent ] ] Information was also forwarded to many other European states and Australia, leading to successful investigations there.

Rating

Rating: Standard & Poor's / Moody's
*AA- / Aa3

Locations

Europe

* Germany: Berlin, Cologne, Frankfurt am Main, Hamburg, Mannheim, Munich, Stuttgart
* Liechtenstein
* Luxembourg: Luxembourg City
* Austria: Vienna
* Switzerland: Basel, Berne, Zurich, Lausanne, Lugano, Geneva, Pfäffikon
* Ireland

Other Locations

* Bahrain, Cayman Islands, Hong Kong, Japan, Malaysia, Singapore, Uruguay, USA

References

ee also

2008 Liechtenstein tax affair

External links

* [http://www.lgt-bank.com LGT Bank in Liechtenstein]
* [http://www.lgt-bank.ch LGT Bank (Switzerland) Ltd.]
* [http://www.fuerstenhaus.li/en/ The Princely House of Liechtenstein]


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