Head office of L-Bank in Stuttgart

Landeskreditbank Baden-Württemberg – Förderbank (L-Bank) is the regional promotional bank (German: Förderbank) for the German state of Baden-Württemberg. It was established in 1998 and is headquartered in Stuttgart.[1]

Overview

L-Bank logo

In 1988, Landeskreditbank Baden-Württemberg spun off its development finance operations as Landeskreditbank Baden-Württemberg – Förderbank, branded L-Bank, before merging the next year with Südwestdeutsche Landesbank Girozentrale to form Landesbank Baden-Württemberg (LBBW).[2] Also in 1998, the ownership of the Development Bank of Saxony was transferred from L-Bank to the state of Saxony.[3]

In 2017, L-Bank lost a lawsuit in which it had argued that it should not have been brought under European Banking Supervision.[4] Subsequent EU legislative changes, however, exempted all German Förderbanken from European-level supervision.

Together with other Förderbanken and the more commercially oriented Landesbanken, L-Bank is a member of the Association of German Public Banks (VÖB).[5]

See also

References

  1. ↑ "L-Bank". Fördermittel Deutschland (in German).
  2. ↑ "LBBW is celebrating its bicentenary". LBBW.de. 9 May 2018.
  3. ↑ "Geschichte der L‑Bank". L-Bank.
  4. ↑ "L-Bank scheitert mit Klage gegen EZB-Überwachung". Manager Magazin. 17 May 2017.
  5. ↑ "Mitglieder". VÖB Bundesverband Öffentlicher Banken Deutschlands (in German).


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