L-Bank
L-Bank (complete name Landeskreditbank Baden-Württemberg – Förderbank –) is the regional Förderbank for the German state of Baden-Württemberg. It was established in 1998 and is headquartered in Stuttgart.[1]
Overview
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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
[edit]References
[edit]- ^ "L-Bank". Fördermittel Deutschland (in German).
- ^ "LBBW is celebrating its bicentenary". LBBW.de. 9 May 2018.
- ^ "Geschichte der L‑Bank". L-Bank.
- ^ "L-Bank scheitert mit Klage gegen EZB-Überwachung". Manager Magazin. 17 May 2017.
- ^ "Mitglieder". VÖB Bundesverband Öffentlicher Banken Deutschlands (in German).
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