LBBW Landesbank Baden-Württemberg is both an universal bank and a commercial bank with a regional focus.
Landesbank Baden-Württemberg has total assets of around EUR 266 billion (as at 31 December 2014) and a staff of approx. 11,100 within the Group. Its head offices are located in Stuttgart, Karlsruhe, Mannheim and Mainz. LBBW is guided by the needs of its domestic customers.
Its three customer-driven banks - BW-Bank, LBBW Rheinland-Pfalz Bank and LBBW Sachsen Bank - allow LBBW to offer the full array of business services provided by a large bank in around 200 branches across Germany, while also drawing on extensive regional roots. Within the state capital Stuttgart, BW-Bank fulfils the role of a municipal savings bank for LBBW.
LBBW's business model is based on five pillars and comprises the following areas of business: corporate customers, private customers, savings banks, real estate financing and financial markets. BW-Bank, LBBW Rheinland-Pfalz Bank and LBBW Sachsen Bank as dependent institutions with their own market presence form the three strong regional pillars in the Group's business with private and corporate customers.
LBBW also supports both their own corporate customers and those of the affiliated savings banks with their international activities. Branches and representative offices around the world provide support through their country expertise, market knowledge and finance solutions. In addition, LBBW has German Centres in Beijing, Singapore, Mexico City, Delhi.Gurgaon and Moscow, which provide advice to German corporate customers on market entry and make available offices and networks on site.
Subsidiaries specializing in specific areas of business such as leasing, factoring, asset management, real estate or equity finance diversify and amplify LBBW's portfolio of services within the Group.
Overview of the LBBW Group:
LBBW Landesbank Baden-Württemberg
Landesbank Baden-Württemberg is a both a universal bank and a commercial bank. Corporate customers, private customers and savings banks lie at the heart of the business operations of the LBBW Group. These central areas of business are complemented by efficient real estate financing and capital markets products, including those aimed at institutional customers. Working in collaboration with its regional customer-driven banks - BW-Bank, Rheinland-Pfalz Bank and Sachsen Bank - the LBBW Group offers the full array of business services expected from a modern universal bank in around 200 branches and service support points across Germany.
Business with large customers with supraregional or international operations, real estate financing, the capital markets business and the role of central bank for the savings banks in Baden-Württemberg, Rhineland-Palatinate and Saxony are pooled at LBBW.
BW-Bank Baden-Württembergische Bank
BW-Bank's portfolio includes corporate and private customers with a focus on the core market of Baden-Württemberg. It also looks after corporate customers in Bavaria. BW-Bank concentrates on SMEs and high net-worth private customers. Moreover, wealth management services are offered to high net-worth customers.
Within the state capital Stuttgart, BW-Bank fulfils the role of a municipal savings bank for LBBW.
LBBW Rheinland-Pfalz Bank
LBBW Rheinland-Pfalz Bank focuses its operations on the SME business in Rhineland-Palatinate, North Rhine Westphalia and Hesse. Moreover, it looks after high net-worth private customers in its core market of Rhineland-Palatinate and neighboring regions.
LBBW Sachsen Bank
Under the umbrella of Sachsen Bank, the LBBW Group assists its corporate SME customers and the high net-worth private customer business in Saxony and neighboring economic areas.
Subsidiaries specializing in specific areas of business complete the offerings of Landesbank Baden-Württemberg. The range of services on offer comprises leasing, factoring, asset management, equity investment finance and real estate-related services.
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The business with corporate customers focuses on SMEs in the regional core markets as well as in the further economic areas. Of these, North Rhine-Westphalia, Bavaria and the greater Hamburg area are especially important. More over selected key accounts are supported in Germany, Austria and Switzerland.
In addition, the Corporate Customers pillar also encompasses the Local Authorities business segment. This is primarily concentrated on Baden-Württemberg.
BW-Bank addresses SME corporate customers in Baden-Württemberg and in Bavaria. In Rhineland-Palatinate, North Rhine Westphalia, Hesse and in the greater Hamburg area this function is assumed by LBBW Rheinland-Pfalz Bank, and in central Germany by LBBW Sachsen Bank.
LBBW itself is in charge of business with key accounts operating both across Germany and on an international level.
Private customer business is particularly targeted at the upmarket customer segment in the regional markets of Baden-Württemberg, Saxony and Rhineland-Palatinate as well as in the neighboring economic areas.
In addition, wealth management services are offered to high net-worth customers. As the savings bank for the City of Stuttgart, BW-Bank is open to all citizens, providing its customers in the state capital with the full array of banking services.
In addition to bespoke advice aimed at creating long-term customer relationships, first-class products and services are at the core of the business philosophy. The products on offer range from classic checking accounts and credit card business through financing solutions to complex securities and pension-savings products.
The real estate financing business is geared toward private and institutional investors, real estate companies, project developers, open and closed-end funds, privatization agencies, REITs (Real Estate Investment Trusts) and housing companies.
New business in commercial real estate financing concentrates on the defined core markets of Germany, the United States and the United Kingdom, particularly in the residential, office, retail and logistics real estate segments.
The financial markets segment primarily supports companies, savings banks, banks, private customers and institutional customers in capital market matters. Institutional investors include, for example, pension funds, insurance companies, asset managers, local municipalities, foundations and churches.
Its activities concentrate on German-speaking regions. LBBW supports its international customers chiefly on the money and foreign currency markets and in issuing business.
LBBW particularly offers its customers solutions for managing interest-rate, currency and commodity risks as well as for raising and investing short-term and long-term cash in the capital markets. LBBW additionally offers support in optimizing balance sheet structures and asset/liability management, as well as looking after securities account transactions (proprietary business of savings banks) in interest rate and credit products.
Landesbank Baden-Württemberg can look back over a long history. One of Germany's first savings banks numbers among its predecessors. In 1818, Queen Catherine of Württemberg established Württembergische Sparkasse "for the benefit of the poorer ranks of society". In 1975, the successor institute, Württembergische Landessparkasse, merged with Girokasse Öffentliche Bank und Sparkasse Stuttgart and was renamed Landessparkasse Girokasse - öffentliche Bank.
In December 1977, the name of the last-mentioned was changed into Landesgirokasse (LG).
When payment transactions began in 1916, Württembergische Kommunale Landesbank was established as the central bank of the savings banks in Württemberg. At the end of 1988 it merged with Badische Kommunale Landesbank to become Südwestdeutsche Landesbank (SüdwestLB).
LBBW in its present form was created with effect from 1 January 1999 through the merger of Südwestdeutsche Landesbank Girozentrale, Landesgirokasse öffentliche Bank und Landessparkasse and Landeskreditbank Baden-Württemberg Marktteil (established in 1924).
This meant that, for the first time in the history of Germany's landesbanks, a vertical merger took place within the S-Finanzgruppe. Former Landesgirokasse contributed a strong retail business to the new bank as Germany's second-largest savings bank while former SüdwestLB had extensive wholesale operations. Consequently, the new Landesbank Baden-Württemberg covered the entire banking business comprehensively.
At the beginning of 2005 LBBW took over Landesbank Rheinland-Pfalz as a wholly-owned subsidiary and integrated it fully into the LBBW Group on 1 July 2008 under a new name, Rheinland-Pfalz Bank. Baden-Württembergische Bank (BW-Bank) has formed an integral part of LBBW since 1 August 2005 as a dependent institution. On 1 April 2008 the LBBW Group pooled its activities in Central Germany under the roof of dependent institution Sachsen Bank.
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