Company Overview of Bayerische Landesbank
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
Founded in 1884
Key Executives for Bayerische Landesbank
Chief Executive Officer and Member of Board of Management
Chief Financial Officer, Chief Operating Officer and Member of Management Board
Chief Risk Officer and Member of the Board of Management
Deputy Chief Executive Officer and Member of the Board of Management
Head of the Corporates Division
Compensation as of Fiscal Year 2015.
Bayerische Landesbank Key Developments
BayernLB Reports Earnings Results for the First Quarter of 2015; Provides Earnings Guidance for 2015
May 20 15
BayernLB reported earnings results for the first quarter of 2015. The company reported its first-quarter net profit fell 8% on the year to EUR 174 million (USD 195m). Pretax profit inched down to EUR 206 million. Net interest income rose 7.3% to EUR 409 million, despite historically low interest rates, and net commission income was up 12.7% to EUR 60 million.
The company reported it expected to post a full-year 2015 pretax profit in the medium triple-digit million euro range.
BayernLB Announces Earnings Results for the Full Year of 2014; Provides Financial Guidance for 2015
Mar 25 15
BayernLB announced earnings results for the full year of 2014. The company posted a net loss of EUR 1.3 billion in 2014, due to write-downs linked to bank Hypo Alpe Adria and the costly sale of the Hungarian subsidiary MKB. In 2013, the lender posted a net profit of EUR 124 million.
The company expects earnings in its core business in 2015 to match the EUR 669 million booked in 2014.
Austria Sues Bayerische Landesbank for EUR 3.5 billion over Hypo Alpe-Adria
Dec 22 14
Austria on December 19, 2014, filed a EUR 3.5 billion lawsuit against Bayerische Landesbank for allegedly misleading it during the 2009 nationalization of the former Hypo Alpe-Adria Bank International AG. The sides are also battling over an Austrian law forcing BayernLB to contribute EUR 800 million to Hypo's wind-up costs, as well as the sale of Hypo's Balkan network, which BayernLB has moved to block.
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