|
With total assets of around EUR 373 billion (as of 31 December 2011) and some 12,000 employees in the Group, Landesbank Baden-Württemberg (LBBW) is Germany’s largest Landesbank. Its main offices are in Stuttgart, Karlsruhe, Mannheim and Mainz. LBBW is an universal and commercial bank geared to the needs of its domestic customers. Together with the regional retail banks BW-Bank » » , Rheinland-Pfalz Bank » » and Sachsen Bank » » , it offers every type of business provided by a large, modern bank in over 200 branches and offices throughout Germany. BW-Bank acts as a savings bank on behalf of LBBW in the area of Stuttgart, the state capital of Baden-Württemberg. Since the restructuring, initiated in 2009, the business model of the LBBW Group has been based on five pillars and encompasses the business areas of corporate customers, private customers, savings banks, financial markets, and real estate financing. Thereby, the regional retail banks BW-Bank, Rheinland-Pfalz Bank, and Sachsen Bank form an important part of LBBW. As dependent institutions with own market presence, these three strong regional pillars represent the Group’s domestic business with corporate and private clients. The deep roots of LBBW and its customer banks (BW-Bank, Rheinland-Pfalz Bank and Sachsen Bank) in their domestic markets, coupled with the associated knowledge of the market, represent the true added value that LBBW offers in relation to its competitors. Accordingly, the bank’s key growth areas are in its customer business. LBBW also supports its domestic customers and customers of affiliated savings banks in business outside Germany and offers them an on-site service at selected locations. With subsidiaries and representative offices, and five German centers, in Beijing, Mexico City, Singapore, Dehli-Gurgaon, and Moscow, LBBW has a presence in the up-and-coming centres of the world’s economy to support local corporate customers. The range of services and products offered by LBBW is enhanced by subsidiaries within the Group specializing in specific business areas, such as leasing, factoring, asset management, real estate and equity funding. Overall, LBBW Group combines efficient structures and the range of services offered by an universal bank with the proximity of regional retail banks. |
|
