Irish arm of Liechtenstein bank sends €70m back home

LGT, originally known as The Liechtenstein Global Trust, is the largest family-owned private wealth and asset manager in Europe, wholly owned by the Prince of Liechtenstein Foundation.

Barry J Whyte

Chief Feature Writer @whytebarry
28th September, 2017
A logo on the LGT Bank head office is seen in front of the Vaduz Castle (Photo: FABRICE COFFRINI/AFP/Getty Images)

Liechtenstein bank LGT is winding up its Irish arm and repatriating more than €70 million to its parent company.

Recent filings with the companies office show that LGT Ireland has recently begun the process of members voluntary liquidation.

In December 2016, the company - which was one of the original IFSC banks - handed back its banking licence.

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