Liechtensteinische Landesbank (LLB) expects to post a profit of 84 million Swiss francs, compared with 72.1 million a year earlier, the company said in a statement today. The bank, in which the Principality of Liechtenstein holds a majority, is reporting in Swiss francs, the currency used in the country.

The company said it improved its operating performance despite the Swiss National Bank's decisions to abandon the exchange rate floor against the euro and to introduce negative rates.

Assets Under Management Drop

Assets under management dropped to 45.6 billion francs from 50.2 billion a year earlier after the sale of Swisspartners Investment Network and because of the rise in the franc's value.

The full-year report will be published on March 10, 2016.