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Swiss bank customers express general satisfaction, particularly with security (8.2/10) and online banking (8/10). However, many are frustrated by low interest rates (6.4) and high fees (6.9). Neon leads in overall satisfaction (8.3), while UBS ranks lowest for interest rates (6.1) and fees (5.8).
Customers with mortgages are increasingly leaving UBS for smaller Swiss banks, driven by a desire for security and local presence. The mortgage business is thriving at institutions like BEKB and LLB, with significant growth attributed to former UBS clients following the CS takeover. Banking expert Peter V. Kunz notes that UBS's reduced branch network and tarnished image contribute to this trend, as the bank shifts focus towards wealthier clients and international financing.
Luzerner Kantonalbank AG (LUKB) is enhancing its customer interaction management by implementing the BSI Customer Suite, aiming for a unified system across all touchpoints. This decision follows a thorough evaluation, highlighting BSI's modularity and customer-centric features. The bank is also focused on digital transformation to improve efficiency and strengthen customer relationships, with plans for further process integration and automation.
On May 12, 2015, Luzerner Kantonalbank shares were valued at CHF 67.33. An investment of CHF 1,000 at that time would have yielded 14,853 shares, now worth CHF 1,021.86 as of May 9, 2025, reflecting a modest increase of 2.19%. The bank's current market capitalization stands at CHF 3.39 billion.
A year ago, an investment of CHF 1,000 in Luzerner Kantonalbank shares would have resulted in ownership of 14,556 shares. Currently valued at CHF 68.40 each, the investment is worth CHF 995.63, reflecting a decrease of 0.44%. The bank's market capitalization stands at CHF 3.37 billion.
Baker McKenzie has advised Zürcher Kantonalbank (ZKB) and Luzerner Kantonalbank AG (LUKB) on a credit facilities agreement for Axicom Holding AG, facilitating the refinancing of the purchase price from Trilantic Europe's Energy Transition Investment fund. Axicom, a Swiss leader in high-voltage solutions, aims to leverage Trilantic's expertise for its next growth phase. The legal team was led by Banking & Finance Partner Markus Wolf, supported by associates and counsel specializing in tax and finance.
Three years ago, Luzerner Kantonalbank shares were priced at CHF 82.03. An investment of CHF 10,000 would now be worth CHF 8,216.98, reflecting a loss of 17.83%, as the current share price is CHF 67.40. The bank's market value stands at CHF 3.33 billion.
The canton of Lucerne is set to revise its tax policy, introducing a multi-stage tariff for cantonal profit tax that will impact around 15 companies with annual net profits exceeding CHF 50 million. This reform aligns with potential changes in OECD minimum taxation distribution. Additionally, the Luzerner Kantonalbank's owner strategy will be updated, focusing on risk policy and remuneration guidelines, while maintaining the existing strategy from 2021. The consultation period for the tax law revision runs from April 23 to July 23.
The cantonal government has updated the owner strategy for Luzerner Kantonalbank (LUKB), implementing stricter salary caps for the Board of Directors and Executive Board, with total remuneration not exceeding CHF 1 million. Additionally, sustainability targets have been established, including maintaining an equity ratio above 19% and pursuing net-zero goals by 2040, while considering the needs of economically weaker and digitally less savvy groups in the canton of Lucerne.
Luzerner Kantonalbank (LUKB) has adopted a new four-year owner strategy emphasizing stricter remuneration rules for executives and integrating sustainability as a core component. The strategy aims to ensure long-term stability and safeguard the interests of the canton and its residents, maintaining a high capital ratio of 19.3%, well above regulatory requirements.
Luzerner Kantonalbank AG
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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