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, 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 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. Information was also forwarded to many other European states and Australia, leading to successful investigations there.

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