Landesbank

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Map of coverage of Landesbanks

The Landesbanken in Germany are a group of state-owned banks of a type unique to Germany. They are regionally organised and their business is predominantly wholesale banking. They are also the head banking institution of the local and regional bases Sparkassen (= saving banks). Landesbanken and Sparkassen comprise one of the three pillars of Germany's banking system. The two other pillars are private commercial banks and cooperatives. Each has a different legal purpose, ownership structure, and governance model. Landesbanken and Sparkassen, as publicly-owned entities, are charged by national and state banking laws to pursue an "öffentlichen Auftrag" or public purpose.[1]

92,5 % owned by NORD/LB
Lower Saxony, Mecklenburg-Vorpommern and Saxony-Anhalt
75,1 % owned by BayernLB
  • Landesbank Hessen-Thüringen (Helaba)
Hessen and Thuringia
  • Former Landesbank of North Rhine-Westphalia was the WestLB
  • Landesbank Berlin (LBB), Berlin
owned by Landesbank Berlin Holding

References

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See also

External links

  • http://www.faz.net (Bilanzsummen minus 1.809.100.000.000 Euro) (Stand September 2010) (Schuldenbremse Grundgesetz)

See also


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