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February 10, 2016 1:07 PM ET

Banks

Company Overview of Bayerische Landesbank

Company Overview

Bayerische Landesbank operates as a commercial bank for large and middle-market companies, public sector, real estate, and retail customers in Europe and internationally. It offers financing solutions and services for real estate plans, such as commercial real estate services, including portfolio financing, real estate financing, real estate development finance, and financing real estate funds; residential real estate services, such as services for housing companies and housing development finance; real estate management, including financing hotel property and healthcare finance; real estate services, such as real estate strategy consulting, consulting on acquiring and selling real estate/M&...

Brienner Strasse 18

Munich,  80333

Germany

Founded in 1884

6,805 Employees

Phone:

49 89 2171 01

Fax:

49 89 2171 23578

Key Executives for Bayerische Landesbank

Chief Executive Officer and Member of Board of Management
Age: 51
Chief Financial Officer, Chief Operating Officer and Member of Management Board
Chief Risk Officer and Member of the Board of Management
Age: 52
Deputy Chief Executive Officer and Member of the Board of Management
Age: 58
Head of the Corporates Division
Compensation as of Fiscal Year 2015.

Bayerische Landesbank Key Developments

Bayerische Landesbank Reports Earnings Results for the Nine Months of 2015; Provides Earnings Guidance for the Year 2015

Bayerische Landesbank reported earnings results for the nine months of 2015. For the period, the company posted a strong profit before taxes of EUR 574 million in the first nine months of this year against EUR 561 million a year ago. The core business continued to perform exceptionally well, with earnings rising sharply by 44% to EUR 724 million from EUR 502 million in the year before period. Net interest income fell slightly by EUR 2.3% to EUR 1,223 million, primarily due to the further winddown of noncore business. Net commission income remained steady at EUR 167 million, even without the net commission income of the former Luxembourg banking subsidiary which was included in the year before period figure (9M 2014: EUR 168 million). Return on equity rose to 6.7% against 5.2% a year ago. Profit after taxes rose sharply from the year before period, amounting to EUR 426 million (9M 2014: loss of EUR 561 million). The sale of Hungarian bank MKB weighed heavily on the figure for the previous year period. For the year 2015, based on its solid operating business, BayernLB remains confident that it will post profit before taxes in the mid tripledigit million range provided the macroeconomic situation does not change.

Attorney General Patrick Morrisey Announces the Settlement of Anti-Trust Lawsuit with Bayerische Landesbank

The city of Charleston is set to receive $10,000 following the state attorney general's settlement of an anti-trust lawsuit against Bayerische Landesbank. Attorney General Patrick Morrisey announced the settlement with Bayerische Landesbank (BLB). The settlement resolved allegations that BLB engaged in unscrupulous business practices with several West Virginia entities. The lawsuit alleged BLB participated in a rigged bid system, which manipulated rates associated with bonds in hopes of getting a favorable percentage. The city of Martinsburg, the Cabell County Board of Education, the Wood County Board of Education, Fairmont State University, the West Virginia University Board of Governors and the state's Water Development Authority also received portions of the settlement.

BayernLB Opens Branch Office in Frankfurt

BayernLB opened a branch office in Frankfurt. The move comes just two weeks after the public-sector lender opened a branch in Stuttgart and underscores its intention to strengthen its presence domestically and scale back its operations abroad.

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