In September 1998 the 'Centrum Bank Foundation for the Promotion of Art and Science' was formed and endowed with annual contributions. Two years after the 10th anniversary of the bank, the Board of Trustees for the first time decided to make a significant act of sponsorship in the form of a donation: Alice Sara Ott, a young and exceptional musical talent, received a Steinway grand piano for Christmas 2005. With such sponsorships and various events, Centrum Bank aspires to create and cultivate long-term partnerships. This satisfies their desire for continuity and faithful cooperation.
The Principality of Liechtenstein belongs to two economic areas: to the Switzerland-Liechtenstein currency area and to the European Economic Area. Since 1923 there has been an economic, customs and currency union with Switzerland. This connection implies open borders and a common currency, the Swiss Franc.
Formed in 1993 as a private bank, Centrum Bank continues the tradition of the law firm Marxer & Partner, which was founded by Dr. Dr. Ludwig Marxer in Vaduz in 1925. The bank is mainly owned by the Marxer Family Foundation for Bank Values. Dr. Peter Marxer senior functions as Chairman of the bank’s Board of Directors.
The core business of the private bank includes asset management and investment advisory for private and institutional investors. Beside these services, the bank also offers the custody function and asset-based loans.
Due to their strong bond with the Principality of Liechtenstein, they are primarily commited to promoting local culture and its surroundings. In 1998 the cultural commitment of Centrum Bank, 5 years after it was formed, began with the support of the Liechtenstein Symphony Orchestra. Since then they have been the main sponsor of the Symphony Orchestra, which also functions as a musical ambassador outside the borders of Liechtenstein.
Centrum Bank is the fourth-largest bank in the Principality of Liechtenstein.