The Boards of Directors of LLB and VP Bank, at the request of the Group Executive Managements, have resolved to enter into close co-operation in the business sectors of logistics and information technology. Specifically this involves combining print and dispatch infrastructure and shared use of buildings to accommodate computer centers.
A project will start in “Print and Dispatch” in the first half of 2010. “We are considering outsourcing and building a joint Print and Dispatch Center in Liechtenstein. We expect this to result in better utilization of the capacity of the expensive printing systems, and clear cost savings,” notes Dr. Kurt Mäder, member of LLB’s Group Executive Management and competent for the Corporate Service Center. “We expect to reap the first cost savings in the course of the current financial year. As a further step, we also want to consider cooperation in other service areas,” adds Gerhard Häring, member of the Group Executive Management of VP Bank with responsibility for Banking Services.
From summer 2012, LLB is going to install two new computer centers in its new building at its Eschen branch. VP Bank Group will lease and use one of these. Dr. Kurt Mäder and Gerhard Häring are firmly convinced: “Operating the computer centers in the same building offers attractive opportunities for both banks to save installation, maintenance and operating costs.” |
