Introduction
Luzerner Kantonalbank AG (LUKB) clearly meets all regulatory requirements.
More than 72 % of eligible regulatory capital consists of Common Equity Tier 1 capital (4.159 billion Swiss francs). The main components of other eligible regulatory capital are the four subordinated Additional Tier 1 bonds and the two subordinated Tier 2 bonds issued by LUKB. Since May 2026, the subordinated Tier 2 bond CH111 224 6744 (nominal value 400 million Swiss francs, contractual expiry date if the termination option is not exercised: 14 May 2031), only 80 % of the nominal value has been credited to regulatory capital in compliance with the rules.
The total capital ratio was 20.6 % as at 30 June 2026 (as at 31 December 2025: 20.6 %). This figure is within the strategic target of 19.0 % to 21.0 % (regulatory minimum requirement as at 30 June 2026: 13.2 %1). This also complies with the minimum requirement of 19.0 % set out in the Ownership Strategy of the Canton of Lucerne for LUKB published on 17 April 2025.
The Common Equity Tier 1 (CET1) ratio was 14.9 % as at 30 June 2026 (as at 31 December 2025: 14.7 %) and clearly exceeds the strategic minimum target of 14.0 % (regulatory minimum requirement: 9.0 %1)).
The leverage ratio as at 30 June 2026 was 7.7 % (as at 31 December 2025: 7.7 %).
The average short-term liquidity ratio (LCR) for the first and second quarters of 2026 was 142.7 % and 135.6 % respectively, and the net stable funding ratio (NSFR) as at 30 June 2026 was 121.6 % (as at 31 March 2026: 121.7 %) with a minimum requirement under the Liquidity Ordinance (LiqO) of 100 % for both ratios.
This Disclosure Report complies with the information required by the ‘FINMA Ordinance on Disclosure Obligations’. Where the figures and explanations required by the ordinance are not applicable to LUKB (e.g. because either the relevant business activities are not conducted or the standards, calculation approaches and models are not used), the corresponding tables or rows in the tables are not shown. Although LUKB discloses financial information on a quarterly basis, it may limit itself to semi-annual disclosure in accordance with the ordinance. Unless stated otherwise, the figures refer to the LUKB Group.