LBBW Group: entering a new era with stable figures
Landesbank Baden-Württemberg (LBBW) can look back on a good financial year in 2004. End of year figures show that the LBBW Group generated a net income of EUR 502.1 million. This is an increase of 37.2 percent or approx. EUR 136 million on the results from the previous year. "Last year we managed to generate a steady increase in income without losing sight of the costs": this is how Dr Siegfried Jaschinski, Chairman of the Board of Managing Directors of LBBW, explains the positive performance of the Group. "These favourable figures are the product of an optimally tailored, future-proof business model and the bank's traditionally conservative lending risk policy", adds Jaschinski.