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Landesbank Baden-Württemberg (LBBW) was formed on 1 January 1999 through the merger of three different banks. With total assets of around EUR 374 billion (as of 31 December 2010) and some 13,000 employees in the Group, it is one of Germany’s largest banks. Its main offices are in Stuttgart, Karlsruhe, Mannheim and Mainz. Together with the regional retail banks BW Bank », Rheinland-Pfalz Bank » and Sachsen Bank », it offers all types of transaction of a modern major bank at over 200 branches and offices throughout Germany and in important cities. BW-Bank acts as a savings bank on behalf of LBBW in the area of Stuttgart, the state capital of Baden-Württemberg. For local corporate customers LBBW offers local services on a global basis with selected international branch locations, including the offices in New York, London, Singapore, Seoul and Mexico City as well as various representative offices. The international network is further enhanced by the German Centres in Beijing, Mexico City, Singapore, Delhi.Gurgaon in India, and Moscow. At LBBW itself, the staff and service functions are bundled at Group level. It is also here that the capital markets business, the servicing of nationally and internationally operating key accounts and the Bank’s function as the central bank for savings banks are located. In addition, as legally dependent institutions with a separate market positioning, BW Bank, Sachsen Bank and Rheinland-Pfalz Bank form the three strong regional pillars in the Group business with retail and corporate customers. The range of products and services offered by the LBBW Group is supplemented by specialised subsidiaries. This allows the LBBW Group to combine efficient structures and the range of services offered by a large bank with the proximity of regional retail banks. |
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