Landesbank Baden-Württemberg
Landesbank Baden-Württemberg (lit. 'Baden-Württemberg State Bank', LBBW) is a universal bank and the Landesbank for some Federal States of Germany (Baden-Württemberg, Rheinland-Pfalz, Sachsen). As of 2018, it is Germany's biggest state-backed landesbank lender.
| Company type | Public bank |
|---|---|
| Industry | Financial services |
| Predecessor | Landeskreditbank Baden-Württemberg Württembergische Landessparkasse |
| Founded | 1 January 1999 |
| Headquarters | Stuttgart, Germany |
Key people | Rainer Neske |
| Products | Investment banking, Commercial banking, Retail banking, Private banking, Asset management |
| Owner | Savings bank Association of Baden-Wuerttemberg (41%) Baden-Württemberg (25%) Stuttgart (19%) Landesbeteiligungen Baden-Württemberg (14%) Landeskreditbank Baden-Württemberg (2%) |
Number of employees | 10,017 (December 31, 2018) |
| Website | lbbw |
LBBW is a full-service and commercial bank and central bank for savings banks in Baden-Württemberg, Rhineland-Palatinate and Saxony. The company focuses on industrial technologies, information technology, software, telecommunication, innovative services and life science. It prefers to invest in Southern Germany, but also considers investments in other regions of Germany, Austria and Switzerland.
LBBW 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.