Press Release.


LBBW achieves a good result in the 2011 stress test

Landesbank Baden-Württemberg (LBBW) has achieved a good result in the Europe-wide stress test for banks. In the socalled adverse scenario, which assumes a continuation of the debt crisis and an unfavorable macroeconomic trend, LBBW would reach a Core Tier 1 ratio of 7.1 percent at the end of 2012. The stress test was based on an initial figure of 8.2 percent for the Core Tier 1 ratio at the end of 2010. This ratio as defined by the European Banking Authority (EBA) does not take into account the silent partners’ contributions. Their inclusion would have led to significantly higher ratios. LBBW's actual regulatory Tier 1 ratio (i.e. including silent partners’ contributions) amounted to 11.4 percent at the end of 2010, as reported. Even without taking into account the silent partners’ contributions, LBBW substantially exceeds the target Core Tier 1 ratio of 5 percent demanded by the EBA.

"The stress test illustrates LBBW's sound capital resources and shows that LBBW`s business model is viable on a sustained basis", said Chairman of LBBW’s Board of Managing Directors Hans-Jörg Vetter. Vetter added that LBBW would continue to reduce its risk weighted assets systematically, especially in the credit investment portfolio.

Important notice:

LBBW carried out the stress test in accordance with the requirements of the European Banking Authority (EBA). Therefore, the results should not in any way be construed as LBBW’s forecast or directly compared to LBBW’s other published information.

Further details can be found at


Landesbank Baden-Württemberg
Am Hauptbahnhof 2
D-70173 Stuttgart

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