The L-bank (complete designation: State credit bank Baden-Wuerttemberg - promotion bank) is German Kreditinstitut in the legal form of an institute of the public right with seat in Karlsruhe and an address in Stuttgart.

Legal bases

Legal bases of the bank are the law over the L-banking law over the L-bank from 11 November 1998 (law gazette for Baden-Wuerttemberg from 18 November 1998, P. 581) of the country Baden-Wuerttemberg and the statute issued by the federal state government. The country Baden-Wuerttemberg is and carries the institute load "§ for 5 law over the L-bank Organs of the bank are the executive committee as an acting committee and the board of directors as a supervisory board.

of the L-bank is the former state credit bank Baden-Wuerttemberg, whose promote-hurry with effect to 1 December 1998 to the again established L-bank to transfer became. The former state credit bank Baden-Wuerttemberg had resulted in the year 1972 from combination of the housing loan corporation in Stuttgart (1924 based) with the national loan corporation of Baden for housebuilding in Karlsruhe (1934 based).

Organization and setting of tasks

The L-bank is the promotion bank of the country Baden-Wuerttemberg. To its Hauptaufgaben"§ 3 law over the L-bank belongs the financial promotion of small and middle enterprises, housebuilding, to the infrastructure as well as of families with children and students in the country. It stands not in the competition with banks and savings banks, but co-operates with the development of financing solutions actively with them.

The L-bank maintains different participation in the context of its setting of tasks, for example at the Landesbank Baden-Wuerttemberg with a ratio of 4,923 per cent and at the art donation Baden-Wuerttemberg GmbH with 5 per cent. It operates beyond that by subsidiaries several trade areas in the country, under it the industrial estate Gottmadingen (IPG), Stuttgart engineerings the park (STEP) in Stuttgart Vaihingen, the technology park Karlsruhe (TPK) and the technology park Reutlingen (TTR).

The executive committee of the bank consists to time of three members and a deputy. Chairman of the executive committee is since 1 January 2001 Christian fire.

The balance sheet total of the bank amounted to to 31 December 2005 about 49.9 billion euro. The L-bank ranks thereby among the thirty largest banks of Germany. The bank employs zirka 1,100 coworkers.

In the Ranking of the safest banks of the world the L-bank place occupies 7 global Finance.

Web left

• Internet operational readiness level of the L-bank

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Articles in category "L-bank"

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