Bayerische Landesbank

Bayerische Landesbank, also known as BayernLB, is a publicly regulated bank based in Munich, Germany and one of the six Landesbanken. It is 75% owned by the Free State of Bavaria (indirectly via BayernLB Holding AG) and 25% owned by the Sparkassenverband Bayern, the umbrella organization of Bavarian Sparkassen. With a balance of €285,70 billion and 7,703 employees (in the group; 3,343 in the bank itself), it is the seventh-largest financial institution in Germany.

Bayerische Landesbank
Company typePublic bank
IndustryFinance and Insurance
Founded1972
HeadquartersMünchen, Germany
ProductsFinancial services
Websitewww.bayernlb.de

BayernLB has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.