Press Release.


Results from today’s Owners' Meeting

The chairman of the Owners’ Meeting of Landesbank Baden-Württemberg (LBBW), Prime Minister Günther H. Oettinger, informs on the following decisions of the Owners’ Meeting by common consent:

  • The owners confirm by common consent the capital increase in the amount of EUR 5 billion.
  • Consent on the key points in realizing a risk immunization up to EUR 12.7 billion to hedge selected securitization portfolios. The Board of Managing Directors is mandated to initiate the notification procedure with the EU Commission. In parallel to the solution of the Federal State of Baden-Württemberg, the current endeavours of the Federal Government are accompanied and held open as an option for the risk immunization of LBBW.
  • The Chairman is mandated to discuss possibilities and issues of contract extension with Dr Siegfried Jaschinski, Chairman of the Board of Managing Directors.


Staatsministerium Baden-Württemberg
(State Ministry of Baden-Württemberg)
Uwe Köhn
Deputy Press Spokesman
Telefon +49 711 2153-307
Fax +49 711 2153-480
Richard-Wagner-Straße 15
D-70184 Stuttgart

Sparkassenverband Baden-Württemberg
(Savings Banks Association of Baden-Württemberg)
Stephan Schorn
Press Spokesman
Telefon +49 711 127-77390
Fax +49 711 127-77943
Am Hauptbahnhof 2
D-70173 Stuttgart


Landesbank Baden-Württemberg
Am Hauptbahnhof 2
D-70173 Stuttgart

Christian Potthoff
Head of Corporate Communications
Corporate Communications
Tel.: +49 711 127-73946
Fax: +49 711 127-74861