Investitionsbank Berlin Explained
| Investitionsbank Berlin |
| Industry: | Financial services |
| Location City: | Berlin |
| Location Country: | Germany |
| Services: | Development bank |
| Net Income: | 18.3 million euros |
| Net Income Year: | 2018 |
| Assets: | 20.74 billion euros |
| Assets Year: | 2022 |
| Num Employees: | 850 |
| Num Employees Year: | 2022 |
| Footnotes: | Company Profile 2018[1] |
The Investitionsbank Berlin (IBB) is a development bank and central promotional institute of the state of Berlin.[2] The aim of the funding is the Berlin economy and housing construction.[3] [4] [5]
The main task of IBB is business development of small and medium-sized enterprises (SME). With the monetary promotion offers, a comprehensive financing consultation and a management and business-oriented promotion and loan processing. The focus for IBB is innovative, technology-oriented companies based in Berlin. In addition, IBB offers financing for investors in the area of real estate promotion.[6]
History
- 1924: founded as Wohnungsfürsorgegesellschaft Berlin mbH to finance Berlin housing construction
- 1937: conversion to the housing loan institute of the capital city of Berlin (as a legal municipality)
- 1965: conversion to the Housing Loan Institute Berlin as a public institute. The Wohnungsbau-Kreditanstalt Berlin becomes a capital collection point for loans according to § 17 Berlin Promotion Act.
- 1993: conversion into the Investment Bank Berlin under expansion of the tasks on the economic promotion; Integration into Landesbank Berlin as an economically and organizationally independent department
- 2004: spin-off from the Landesbank Berlin and separation as Investment Bank Berlin, public institute with Anstaltslast and Refinanzierungsgarantie of Berlin
Significant investments
IBB is involved in numerous companies in order to fulfill its mandate as the central development bank of the state of Berlin. There are two groups, participations, which are held on behalf of the city, and participations, which are held in connection with promotional tasks.
Held on behalf of the city
- Medienboard Berlin-Brandenburg GmbH
- Berlin Partner GmbH Berlin Tourism & Congress GmbH
Held in connection with promotional tasks
- IBB Beteiligungsgesellschaft mbH
- IBB Business Team GmbH
Notes and References
- Web site: Company Profile 2018 . 28 March 2019 . Investitionsbank Berlin.
- Web site: Matthias. Loke. 2019-09-28. IBB: Förderprobleme bei der Berliner Investitionsbank . IBB: Funding problems at the Berlin Investment Bank. German . 6 May 2015. Berliner Zeitung.
- Web site: History. www.ibb.de. en. 2018-11-26.
- Web site: Investment Bank Berlin (IBB). 2010-08-31. ec.europa.eu. en. 2018-11-26.
- Web site: Bloomberg -Diversified Financial Services - Company Overview of Investitionsbank Berlin . www.bloomberg.com . 2019-01-01.
- Web site: Investitionsbank Berlin IBB. www.youtube.com. 2019-01-01.
